A Greenwich estate failed to reach the green, selling two years after listing for less than half of its initial ask.
Susie Hilfiger, who listed the home in 2021 for $40 million, has sold the Connecticut equestrian property for $15 million, the Wall Street Journal reported. The buyer was not disclosed.
Hilfiger listed the property, known as Denbigh Farm, two years ago for $40 million. As the pandemic-induced housing market frenzy began to correct, however, the asking price dwindled to $18 million, the last ask before the sale, which came in 62 percent below the first ask.
She and fashion designer Tommy Hilfiger purchased the home in 1995 for $8.5 million. When the couple divorced in 2000, she held onto the 20-acre estate.
The price per square foot works out to about $1,071 when using the main home’s 14,000 square feet of livable space. It includes seven bedrooms and has unique areas such as a flower-arranging room, a silver storage room and a cold-storage meat locker.
The grounds include a common luxury estate feature, equestrian facilities. There’s a six-stall barn, three paddocks and a riding ring. The estate also has a pool, tennis courts and a playhouse that is modeled of Mount Vernon, the famous home of George and Martha Washington.
Sotheby’s International Realty’s Janet Milligan held the listing. Hilfiger is selling because she plans to move to the West Coast, where her children reside.
The same day Denbigh Farm hit the market, the deed for Tommy Hilfiger’s estate in Greenwich closed. The designer and his wife, Dee Ocleppo Hilfiger, sold the property for $45 million as they moved to Palm Beach.
This month, Tommy Hilfiger flipped a house in Palm Beach for $41.4 million, five months after an affiliate of his T Capital Management purchased the house for $36.9 million. In the past two years, the fashion designer has closed seven deals in South Florida, emerging as a prolific real estate investor.
— Holden Walter-Warner
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