Tom Ford buys Palm Beach mansion for $51million in off-market deal

Fashion mogul Tom Ford buys stunning Palm Beach mansion for $51 million in off-market deal – months after Estee Lauder struck a deal to buy his label for $2.8 billion

• Tom Ford snapped up a new $51million Palm Beach property from private-equity businessman Rob Heyvaert
• Heyvaert purchased the award-winning Jungle Road property in August 2021 for a cool $35.75million 
• Three-bedroom main home and two-bedroom guesthouse were designed by architect Daniel Kahan 
• Kahan won an award for the design from the Preservation Foundation of Palm Beach in 2019 
• The architect built the property with environmental sustainability and put solar panels on the roof to generate all the home’s energy and energy efficient water-collection system, and a built-in water purification system
• Ford snapped up the property after striking a $2.8billion deal with Estee Lauder for his brand in November 

Fashion powerhouse Tom Ford bought a stunning $51million Palm Beach mansion in an off-market deal, just months after selling his label to Estee Lauder for billions. 

Ford, 61, snapped up the massive Jungle Road compound from private-equity businessman Rob Heyvaert, who purchased the property for $35.75million in August 2021. 

Although it is not a waterfront property, it is one of the most expensive in the area and does sit with the narrow strip between the Intracoastal Waterway and the ocean. 

The three-bedroom main home and the two-bedroom guesthouse were designed by architect Daniel Kahan, who won an award for the design from the Preservation Foundation of Palm Beach in 2019 – the second time he won the award. He designed the home with environmental sustainability and energy efficiency in mind while leaving the homeowner with a sleek and modern feel. 

One of the ways Kahan integrated sustainable energy into the home is through social panels on the roof, which to the blind eye does not even appear to be a part of the home as it is inlayed into the roof’s designs for a subtle taste. At peak conditions, the panels will produce enough energy for the house, according to the Palm Beach Daily News. 

‘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 said in 2019. 

Ford, 61, snapped up the massive $51million Jungle Road compound (pictured) from private-equity businessman Rob Heyvaert, who purchased the property for $35.75million in August 2021. The three-bedroom main home and two-bedroom guesthouse was designed by architect Daniel Kahan, who won an award for the design from the Preservation Foundation of Palm Beach in 2019

The fashion powerhouse purchased the clean and modern property in an off-market deal 

The 9,000 square feet combined space is made of concrete with black metal framed windows to give a modern and effortless feel. It also features a long in-ground pool surrounded by plenty of palm trees for the ultimate privacy and the perfect space to entertain guests. 

Much like the outside of the home, the inside has a very clean, fresh, minimal design that features many white and bleached oak. 

The living room features light-colored floors and with white furniture with accent pillows to bring a little bit of color to the room, The metal framed windows also opt as doors and open up the yard to allow the warm Florida sun and breeze to filters through the home. 

The dining room is surrounded by loads of natural light and also has a simple design with a dark rectangular table with dark chairs, surrounded by white couches and a bright pop of color through the artwork. 

The backyard features lots of greenery and several seating areas, including one that sits right outside the piano room with a small private areas to enjoy quiet conversation. 

There’s also seating on both ends of the pool that is framed by trees to give sunbathers a cool area to enjoy the nice weather. 

Kahan said the design of the house was supposed to be simple. 

‘It doesn’t shout at you,’ he said in 2019. ‘It was important that we maintain a rigor of simplicity and consistency throughout.’ 

He described the home as ‘classical modernism’ and said the home began with a ‘classical plan.’ 

Kahan and his team also installed LED lighting in the home, an energy efficient water-collection system, and a built-in water purification system. 

It appears Ford, who hails from Texas, wanted to splurge on a new home after selling his label to Estee Lauder for $2.8billion in November – which catapulted into him billionaire status, bumping up his net worth to $1.1billion. 

The designer will stay on at the company as ‘creative visionary’ until the end of 2023. Tom Ford chairman Domenico De Sole will also remain as a consultant. 

Ford recently sold his brand to Estee Lauder for $2.8billion, which launched him into billionaire status  

De Sole’s stake in the company is worth around $259 million, luxury retailer Zegna’s stake is worth $345 million and the conglomerate Grupo Americo Amorim’s owns a stake worth $230 million.

According to filings, Ford personally owns 64 percent of the company and has real estate holdings totaling around $65 million.

The deal is the latest in a series of acquisitions by Estee Lauder, including taking control of Ordinary skincare brand owner Deciem last year for about $1 billion.

Estee Lauder is already known for their skincare products including La Mer, MAC, and Clinique.

Ford founded his company in 2005 after he spent time as the creative director of Gucci. During his time at the Italian fashion brand, sales increased from $230million to $3billion.

In addition to menswear, the fashion giant specializes in women’s clothing, cosmetics, and perfumes.

In 2006, he launched Tom Ford Beauty. Previously, Ford worked for Yves Saint Laurent and is the current head of the Council of Fashion Designers of America.

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