It turns out that fashion icon Tom Ford was the buyer of a $51 million Palm Beach, Florida, mansion near the end of last year, according to Mansion Global. The deal was made off-market, but records show that the seller paid a little under $36 million for the modern structure in 2021, making for a hefty profit on their end. The sale came shortly after it was reported that Estée Lauder Companies would acquire the mogul’s eponymous brand in a $2.8 billion deal.
Unsurprisingly, the legendary fashion designer and filmmaker has a sharp eye for good home design as well. Ford has owned homes designed by Tadao Ando and Richard Neutra and has worked with AD100 designer William Sofield. This particular manse earned its architect, Daniel Kahan of Smith and Moore Architects, an award from the Preservation Foundation of Palm Beach in 2019–Kahan’s second (he previously won in 2011 for a Colonial-style house on the water). The Real Deal reported that the roughly one-acre plot holds a three-bedroom mansion spanning about 10,200 square feet and a two-bedroom guest house with five bathrooms and four half-baths between the two of them, although it has no water frontage, making the pricey sale a record for its kind in the area.
Aerial photos of the palm tree-studded property reveal a long rectangular swimming pool, an open-air courtyard in the center of the main house, and solar panels lining the roof. According to Palm Beach Daily News, Kahan employed parapet walls to obscure the panels from view and surrounded them with grass to absorb excess heat, making for a practical marriage between technology and nature. “We sought to study and implement the latest technologies and advancements in solar power — in combination with the idea of roof gardens — in a way that would be not only efficient and functional but beautifully composed,” Kahan told the publication.
celebrities are also making a hugh impact in real estate sector