Tommy Hilfiger and his wife, Di Okleppo Hilfiger, paid more than $ 46 million for their Palm Beach oceanfront mansion, their third purchase on the island this year.
The Hilfigers acquired a nearly 3-acre estate between the lake and the ocean on South Ocean Boulevard in 1930, property records show. The Lloyd I. Miller III Trust sold the property to the Coral House Land Trust for $ 46.3 million. Neil Soobin signed the contract on behalf of the seller.
The Buyer’s Trust financed the purchase with a $ 32.4 million loan from JP Morgan Chase Bank.
Joseph Lamastra is listed as the buyer’s trustee. Lamastra is linked to other Hilfigers’ holdings in Palm Beach.
The 20,936 square foot mansion with five bedrooms and nine bathrooms includes an oceanfront plot on the east side of South Ocean Boulevard. It was built in 1973. It features a pier, swimming pool, tennis court and fountains.
Miller, who died in 2018, and his wife, Susan, owned the house, according to the Palm Beach Post. Former newspaper publisher Konrad Black sold the estate to the Millers in 2011 for $ 23.1 million.
This year, the Hilfigers acquired two smaller properties on Tony Island. Fashion icon and his designer wife paid $ 21 million for a waterfront home at 313 Dunbar Road in June, and in March they paid $ 9 million for a smaller home at 244 Fairview Road…
The Wall Street Journal first reported $ 46.3 million sale.
The couple recently sold their oceanfront promenade Golden Beach Estate for $ 24 million to real estate investor and writer Grant Cardone months after selling his Greenwich estate in January for $ 45 million.