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According to public documents, the beachfront mansion in Golden Beach sold in an off-market transaction for $24 million.
Tommy Hilfiger and his wife, Dee Ocleppo, have just sold a multi-million dollar off-market home in Golden Beach, Florida, complete with scratch-and-sniff wallpaper. According to the transfer tax listed on property documents filed with Miami-Dade County on Thursday, the coastal home sold for $24 million.
The mansion, which spans over 14,000 square feet, had not been publicly advertised since February, when it was marketed for $24.5 million, according to listing data. Architectural Digest featured the seven-bedroom home in a feature in 2014, praising the home’s “kaleidoscopic mix of colors, materials, and furnishings.”
In the same piece, Ms. Ocleppo, who is also a fashion designer, recounted telling designer Martyn Lawrence Bullard, “if it’s not shagadelic or groovy, it’s not coming into the house.”
According to the property’s prior selling photographs, the residence is filled with artwork galore and loaded with colors, with wall patterns including banana prints, red-and-white candy stripes, chevrons, and metallic swirls.
A wet bar, a marble staircase, a chef’s kitchen, and an elevator round out the amenities. There’s also a six-car garage, a pool, and a private beach. According to public documents, the Hilfigers have owned the beach mansion since 2013, when they paid $17.25 million for it using the same limited liability company that they have used for earlier transactions in Florida.
The buyer of the house is listed in documents as a limited liability corporation run by Grant Cardone, the CEO of Cardone Capital, and a business, leadership, and entrepreneurship book and speaker. “Tommy and Dee did an amazing job on the Golden Beach home,” Mr. Cardone told Mansion Global via email. “My wife, Elena, and I are going to take it to another level turning the beach house into what feels like a resort.”
The transaction is the latest in the Hilfigers’ series of real estate portfolio reorganizations. According to The Palm Beach Daily News, they paid $9 million in March for a newly built property in Palm Beach, which was purportedly purchased for the couple to use while remodeling a much larger estate nearby.
They sold their Greenwich, Connecticut estate for $45 million in January. The Hilfigers also sold their beachfront Mediterranean mansion in Palm Beach for a cool $35 million in 2018. Mr. Hilfiger, 70, started his namesake fashion house in 1985 and could not be reached for comment. He sold it for $1.6 billion in 2006 and is still the company’s primary designer.
Story By: Norvisi Mawunyegah