Tommy Hilfiger Gets $66.7 Million for Aspen Ski Home
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Tommy Hilfiger Gets $66.7 Million for Aspen Ski Home

The famed fashion designer sold the ski-in, ski-out property about three months after buying it for nearly $42 million.

By E.B. Solomont
Thu, Mar 24, 2022 12:06pmGrey Clock 2 min

In Aspen’s booming luxury market, fashion designer Tommy Hilfiger has sold a slopeside mansion for $66.7 million, roughly three months after buying it for nearly $41.3 million.

The ski-in, ski-out home traded in an off-market deal that closed Tuesday, said Steven Shane of Compass, who represented both parties in the transaction. He declined to disclose the identity of the buyer. Mr. Hilfiger and his wife, Dee Ocleppo Hilfiger, bought the Aspen Mountain property in December, property records show.

Tommy Hilfiger in 2019.

PHOTO: JORDAN STRAUSS/INVISION/AP

Mr. Hilfiger declined to comment. The designer, known for his all-American clothing brand, is also a prolific house renovator. Last year, the Hilfigers traded a grand Connecticut estate for a mansion in Palm Beach, The Wall Street Journal reported.

Mr. Shane said the Hilfigers had spent several years looking for a “legacy property” in Aspen to remodel and make their own. “It was never their intention to buy it and sell it,” he said. “It’s difficult to pry a property like this one away, but I think everything has a price.”

Built in 2003, the house is about 665sqm with four bedrooms, Mr. Shane said. It is located on the Little Nell ski trail on Aspen Mountain.

The Hilfigers bought the home from the family of the late Cynthia and George P.Mitchell, property records show. Mr. Mitchell was a Texas real-estate developer and oil baron who pioneered fracking.

The home is located on the Little Nell ski trail on Aspen Mountain.
PHOTO: MOUNTAIN HOME PHOTO

Thanks to limited inventory and high demand, Aspen’s luxury market is burgeoning. Last year, a mansion overlooking the tony ski town sold for a record approx. $96.5 million, the Journal reported. A mountaintop mansion recently traded for approx. $54 million.

Mr. Shane said he’s doing an increasing number of off-market deals. “When somebody wants something, they buy it,” he said. “Most often it will be worth more tomorrow than what they paid for it today.”

Reprinted by permission of The Wall Street Journal, Copyright 2021 Dow Jones & Company. Inc. All Rights Reserved Worldwide. Original date of publication: March 22, 2022.

 



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