Tommy Hilfiger makes ‘$20 million in nine weeks’ after selling Aspen mansion

Published on Mar 31, 2022 at 3:23 PM (UTC+4)
by Louise Cheer

Last updated on Jul 01, 2022 at 5:04 PM (UTC+4)
Edited by Kate Bain

Tommy Hilfiger makes ‘$20 million in nine weeks’ after selling Aspen mansion

American fashion designer Tommy Hilfiger has sold his luxurious ski lodge in Aspen, Colorado, for US$50 million in an off-market deal just months after buying it for just under $31 million.

Located at 550 Aspen Alps Road, Compass real estate agent Steven Shane closed the deal for Hilfiger and his wife, Dee Ocleppo, on March 22, The Wall Street Journal reported.

The sprawling 665-square-metre home, built in 2003, features four bedrooms and nine bathrooms.

It has ski-in, ski-out access and sits on Aspen Mountain’s Little Nell ski trail.

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When Shane confirmed the sale to Supercar Blondie, he revealed the Hilfigers never planned to sell the property.

He said the couple even had plans to remodel the house, but that all changed.

“$20 [million] profit in nine weeks. It would have been fiscally irresponsible not to sell,” he said.

The real estate agent said the home was only one of “two true ski-in, ski-out single-family homes available on the premier ski resort destination in the world”.

“The exterior of the home boasts a cool, modern architectural design. The interior will enjoy the expertise of a talented interior designer,” Shane said.

Shane did not reveal any details about the buyer, but said they understood the “value of this unique Aspen Mountain… home”.

The average February price of a single-family home in the Aspen area was $16.1 million, according to The Aspen Times.

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Property records show the mansion was sold in December 2021 for $30.945 million before being unloaded again three months later for $50 million.

Hilfiger, 71, forked out $46.25 million for a Palm Beach property in Florida back in July last year following the sale of his Connecticut home.

Before being bought by Hilfiger, the Aspen lodge’s owners were Cynthia and George P. Mitchell’s family.

The late Mr Mitchell is considered the “father of natural gas shale drilling”, according to Forbes.

In 2013, he had a net worth of $2 billion and was ranked number 736 on Forbes’ billionaires list.



Louise Cheer

Louise Cheer oversees and writes stories about the latest headlines on topics such as automotive, technology, gaming, watches, movies and lifestyle. Louise has been a news editor at Yahoo and Daily Mail in Australia, with more than 10 years of experience in the media industry.