Renowned fashion designer Tommy Hilfiger seems to have the Palm Beach real estate bug.
A firm associated with Hilfiger is confirmed to have purchased the esteemed 930 S Ocean Blvd on Palm Beach Island. This is the sixth South Florida home purchased by the design mogul in just two years.
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The historic home was owned by famed real estate broker Lawrence Moens and was sold to Hilfiger for a whopping $37,000,000. Moens initially purchased the house in 2021 for $17,900,000, making him a substantial profit in a housing market that has declined since the 2021 boom. However, Moen’s initial intention wasn’t to purchase the property himself. Moens originally listed the property for the previous owner for $25,500,000. After sitting on the market for 112 days, Moens seemingly fell in love with the estate and decided to purchase the property, making the oceanfront home his primary residence.
The landmark estate was built in 1927 by renowned architect Maurice Fatio, who lived in the estate himself. The home offers an air of old-world grandeur while also having been meticulously restored and preserved over many years. The palatial home features five bedrooms, six full bathrooms, and one-half bath. In typical Palm Beach fashion, the mansion offers its own guest house with a courtyard-style pool. Located on a sprawling .4 acres, the estate sits directly on Ocean Blvd, offering unparalleled ocean views and private deeded beach access.
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Hilfiger currently owns two other homes in Palm Beach. The mogul owns a North End lakefront property and a South End estate stretching from the lakeside to the Atlantic Ocean. The properties were purchased for $46,000,000 and $21,000,000, respectively, making his net Palm Beach property valuation upwards of $100,000,000. Hilfiger also notably flipped a Palm Beach home to Fox News host Bret Baier in 2022 for $12,000,000, making him a 33% profit in just one year. Hilfiger sold his oceanfront Golden Beach home in 2021 for $24,000,000.
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