Fashion icon Tommy Hilfiger has taken a bath on his nine-bath Greenwich, Conn., mansion – selling it for $20 million, a 40% discount from its original price. Sotheby’s International Realty confirmed the sale of the palatial Round Hill Road estate to an unidentified buyer, who couldn’t view the house until after Hilfiger’s wife, Dee, gave birth to the couple’s first child in September. Hilfiger, 58, who has moved to Manhattan, first listed the home for $27.9 million in February 2008. The price was cut to $21.9 million earlier this year.
The house, dubbed Stone Hill, has eight bedrooms, nine baths, a 2,000-bottle wine cellar, indoor basketball court, a massage room with waterfall and a home theater with a popcorn machine.
The design guru purchased the home in 2005 for $18 million.
He’s the latest celeb suffering in the down real estate market. Funnyman Eddie Murphy has been dead serious about trying to sell his posh Englewood, N.J., mansion. He first asked $30 million several years back but has since slashed the price for the gated estate known as Bubble Hill in half. The place comes with a bowling alley, theater, record studio, racquetball court and annual taxes of $197,723.
Fashion mogul Russell Simmons is also having a hard time finding a buyer for his Saddle River, N.J., abode even after cutting its price from $23.8 million to $16 million. On the other hand, there’s the cautionary tale of actor Nicholas Cage, who has lost two New Orleans homes to foreclosure.
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