Tommy Hilfiger wants to take advantage of what he’s called the “very strong” residential market of the cities and towns outside New York.
The fashion mogul, who has renovated and sold seven homes in Greenwich over the last three-plus decades, has listed a 22-acre estate in the city for $47.5 million, according to the Wall Street Journal. He paid around $31.4 million for the property in 2010 and spent three years renovating the 81-year-old estate.
The main house spans nearly 13,400 square feet. Hilfiger and his wife Dee Ocleppo Hilfiger are moving to Palm Beach, Florida. Hilfiger said he’s heard from “friends in real estate” that the Greenwich market “is very strong, and it hasn’t been this strong in years.” [WSJ] — Dennis Lynch