Tom Ford Breaks Another Palm Beach Real Estate Record
Renowned fashion mogul Tom Ford has broken yet another Palm Beach real estate record.
The famous designer has swapped his lavish mansion at 241 Jungle Rd for a more significant estate in a secretive deal worth over $100 million. This is a record-breaking number for two non-waterfront homes on Palm Beach Island.
Ford is swapping his mansion for 195 Via Del Mar, a sprawling estate owned by Brian Kosoy, CEO of Sterling Organization. Via Del Mar spans 1.6 acres and offers 17,400 sq. ft. of living space, five beds, 10.5 baths, a private tennis court, and a pool. Kosoy paid $19.5 million for the 1930’s estate back in 2015.
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Ford purchased 241 Jungle Rd in 2022 for a whopping $51 million. The 1-acre estate spans 10,200 sq. ft. of living space and offers five beds and seven baths with a separate guest house. Ford purchased the home from private equity businessman Rob Heyvaert, who bought the home for just $25.8 million in 2021, making Heyvaert a hefty profit.
In November of 2022, Esteé Lauder bought the Tom Ford brand for a hefty price tag of $2.8 billion, making Tom Ford your typical Palm Beach retiree.
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This home swap comes at a time when celebrities and business magnates continue to flock to Palm Beach. Despite the drastic nationwide real estate slowdown, the luxury real estate market in Palm Beach continues to attract the rich and famous worldwide.
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