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By Beth McGuireRISMEDIA, Feb. 28, 2008–While the real estate industry continues to grapple with a slow market, it seems–at least for one Connecticut town–the luxury market is sailing along quite nicely.

It was announced late yesterday that fashion icon Tommy Hilfiger’s sprawling Greenwich, Conn. estate has hit the market to the tune of $27.9 million – which to some could actually be considered quite a steal compared to some of the other mansions for sale in the neighborhood. Others are listed for $28 million, $39.5 million and Stamford’s “Hilandale,” a 20,000+ square-foot estate on 262 acres, listed at $95 million.

But “Stone Hill,” as it is listed on the Sotheby’s International Realty website, www.sothebyshomes.com, has been home to Hilfiger for the past two years, said Jan Milligan, the broker who has the plum job of representing the property.

Milligan could not say publicly why Hilfiger’s is selling or where he might be moving to as his primary residence, but did note that, “He has several homes and enjoys redecorating them,” she said. That’s just what he did with his Greenwich pad – it had been a spec home which he then had customized to include many fashion-friendly features such as “an artfully eclectic mix of Georgian moldings, vintage marble/stone fireplaces, cashmere/exotic leather wall treatments and heated marble floors,” to name a few from the listing.

An entertainer’s dream, Hilfiger’s 20,000 square-foot estate located on 4 acres in Greenwich’s elite Round Hill section, opens to “spectacular grounds with an infinity pool and tennis court,” according to the listing, and also offers a chef’s kitchen, garden-level movie theater, wine cellar, indoor basketball/squash court, gym, sauna and spa treatment room.

The estate’s seven bedroom suites feature a “serene master retreat with marble bath and two wardrobe rooms. This is an estate of intercontinental appeal, offering a luxury lifestyle beyond compare.”

Milligan noted that one of the impressive features of the home is Hilfiger’s art collection and that it would be an ideal home for an art collector or anyone who loves to entertain and enjoy their own private luxury retreat year-round.

Hilfiger’s engagement to former model Dee Ocleppo was announced earlier this month. Ocleppo is the former wife of famed ’80’s Italian tennis star, Gianni Ocleppo.

To go directly to the listing visit: http://www.sothebyshomes.com/sales/0064192

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