Tommy Hilfiger home for sale, 25 million price reduction!

Real Estate Agent with Century 21 All Stars

In the rarefied air of ultra-high-end real estate, a 25 percent price reduction can translate into a breathtaking sum: $25 million.

That's how much Tommy Hilfiger Corp. co-founder Joel Horowitz has decided to knock off the asking price for Tranquility, an eight-building, 210-acre estate overlooking Lake Tahoe that he and his wife Ann built in the late 1990s.

The nine-bedroom property -- which sits on the Nevada side of Lake Tahoe and completely encircles a smaller lake -- went on the market for $100 million in 2006, even as the stage was being set for the U.S. housing crash and global recession.

At the time, Tranquility couldn't lay claim to being the priciest U.S. listing -- Donald Trump was trying to unburden himself of a home in Palm Beach, Fla., for $125 million, and Saudi Prince Bandar had a vacation retreat in Aspen, Colo., on the market for $135 million.

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Curt Baumgarth

CDPE Certified Realtor

Century 21 All Star Realtors

480 266 9796 

About Curt:  Curt Baumgarth is an AZ License Realtor, MAOM educated,  SEVAR member, a Certified Distressed Property Expert and longtime resident of the Valley of the Sun.  Curt is a former Police Officer in the valley and also has several investment properties and is more than happy to share any of his vast experiences and knowledge with you.

Are you considering a Foreclosure or Short Sale, contact Curt Baumgarth, who is a Certified Expert in Distressed Properties and can give you honest answers and guide you through the complicated procedures that it takes to SUCCESSFULLY complete such a sale or purchase.

Contact Curt if you are interested in buying or selling any type of residential property in the greater Phoenix, Scottsdale, Tempe, Mesa, Gilbert, Chandler, Queen Creek area. 


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Jean Hanley
Coldwell Banker Kivett Teeters - Hemet, CA
Specializing in Folks Who Want To Buy/Sell Homes

How can people live like that, anyway.  Tell me they even knew what most of the house even looked like.  Oh well, the rich get

Jun 08, 2011 07:05 AM #1
Laura Sargent
Carolina One Real Estate - Mount Pleasant, SC

There are some amazingly wealthy people out there!  Furniture stores love these home owners.

Jun 08, 2011 07:16 AM #2
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CDPE Realtor Serving the Valley of the Sun. 480 26
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