Only a week or so after he re-listed his mansion in Miami, fashion mogul Tommy Hilfiger is also listing an even more impressive property, this one in Greenwich, Connecticut.The Wall Street Journal reports that he has listed his 22-acre Greenwich estate with an asking price of $47.5 million, which incidentally means that he now has $70 million worth of real estate on the market all on his own.
Hilfiger and his wife Dee Ocleppo Hilfiger purchased the property in 2010 for almost $31.4 million. His real estate holdings in the area go back much further than that; he has reportedly acquired, renovated, and resold at least seven Greenwich properties since 1985. He mentioned to WSJ that the time to sell this particular property is ripe as the market is strong.
In his own words, Hilfiger states, “I hear from my friends in real estate that the market is very strong, and it hasn’t been this strong in years.” This insight reflects the confidence that many real estate experts share about the current market conditions, particularly in high-value neighborhoods like Greenwich.
Exploring the Features of Hilfiger’s Greenwich Estate
In an unusual touch, Hilfiger’s name actually appears in the property’s real estate listing, which describes the estate with great enthusiasm. The listing highlights the property as “Tommy Hilfiger’s ‘Round Hill’ Spectacular 180 degree, commanding views of NYC skyline & LI Sound from the highest point of Round Hill (570 ft. elev. +/-).” This estate is not only a piece of land but a historic landmark featuring an impressive ivy-covered manor.
Potential buyers will be captivated by the description stating it is a “one of a kind” rare opportunity to have the very best. The grandeur of the estate is highlighted with features such as magnificent English gardens, a reflecting pool, and verdant park-like lawns. The estate is described as having exquisite architecture, ensuring that it stands out among other luxury properties.
Reasons Behind the Decision to Sell
Hilfiger mentions that he and his wife had been contemplating a move from their sprawling estate for some time. However, circumstances including the real estate market and the volatility caused by the COVID-19 pandemic led them to “accelerate their timeline.” The decision to sell at this moment seems strategically aligned with market conditions, as potential buyers are increasingly eager to invest in high-end properties.
For those interested in the luxurious lifestyle that comes with owning a home like Hilfiger’s, the estate was profiled in Architectural Digest in 2017, showcasing its stunning design and features. This profile provides an extensive look into the home, giving potential buyers a glimpse of what could be their future residence.
Key Insights from Hilfiger’s Real Estate Journey
Tommy Hilfiger’s journey in real estate is an inspiring tale of success. Over the years, he has not only invested in properties but also transformed them, demonstrating a keen eye for potential and value. His experience serves as a valuable lesson for aspiring real estate investors about the importance of timing, market awareness, and making strategic decisions.
As the market continues to evolve, Hilfiger’s decision to list his properties at this time may encourage others to consider their own real estate investments. Whether it’s timing the market or making renovations to increase property value, there are many lessons to be learned from the fashion mogul’s approach to real estate.
