Although Joel Horowitz, the co-founder of Tommy Hilfiger has had no luck in finding a buyer for his $100million property, designer Tommy Hilfiger has lucked out. The luxury estate in Connecticut owned by the fashion designer has sold for $20 million ($8 million below its original asking price)! According to Sotheby’s International realty, the house has been purchased by a family who toured it in September. The lavish 20,000-square-foot Greenwich mansion boats of eight bedrooms and nine bathrooms. Furthermore, this mansion features a 2,000-bottle wine cellar, indoor basketball court, sauna, massage room with a waterfall and home theater! Hilfiger purchased this mansion in 2005 for $18million and had put it up for sale since 2008.
Probably not an extremely profitable deal, Hilfiger would still be happy considering the tough phase the real estate market is going through currently.