New markets require new approaches and tactics. Experts and industry leaders take the stage at Inman Connect New York in January to help navigate the market shift — and prepare for the next one. Meet the moment and join us. Register here.

The luxury fashion magnate behind the Tom Ford label made a big real estate splash shortly after striking a deal to sell his empire to the Estée Lauder Companies.

Tom Ford purchased a $51 million mansion in Palm Beach a few months after agreeing to sell his brand as part of a deal worth $2.8 billion back in November, according to a new report this week in The Wall Street Journal.

The property was previously purchased for just under $36 million in 2021, the newspaper reported. 

Ford purchased the home off-market, and did not reply to the paper’s requests for comment. But a Journal review of PropertyShark records showed the property spans nearly an acre of land and includes approximately 10,000 square feet of living space.

The mansion is located near the ocean, although not directly off it. It’s located near the Breakers resort, according to the report. Aerial images obtained by the paper reveal it is covered with rooftop solar panels and features a large outdoor pool with elaborate landscaping.

The $2.8 billion acquisition of Ford’s brand was the largest in Estée Lauder’s history, The Associated Press reported in November. The deal was expected to close in the first half of 2023, following reviews by regulators.

Ford, the founder and CEO of Tom Ford International, is expected to remain on through the end of the year as the brand’s creative visionary.

The deal should close a little over a year after Ford sold a much larger New Mexico ranch for $48 million. That 20,000-acre desert property was used to film several movies, including Silverado. It included a main concrete house with floor-to-ceiling glass windows as well as a reflective pool, a tennis court and extensive horse stables and equestrian grounds.

Email Daniel Houston

luxury
Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×