A little over a year ago, private equity guru Rob Heyvaert doled out $35.8 million for a sleekly designed contemporary mansion in Palm Beach. Now the East Coast-based financier has flipped the property to fashion mogul Tom Ford, with the non-waterfront estate trading hands in an off-market deal this past December for an eye-popping $51 million — or around $15 million more than Heyvaert paid for the place in August 2021.
Tucked away in a section of opulent estate homes resting between the Intracoastal Waterway and Atlantic Ocean, near Lake Worth Lagoon, Ford’s newly acquired compound was crafted by Daniel Kahan of Smith and Moore Architects — who earned an award for excellence in new architecture from the Preservation Foundation of Palm Beach for his design — and built by longtime preservationists Jim Held and Kenn Karakul.
Completed in 2016, the compound includes a duo of all-white, single-story structures on nearly an acre of land, including a main house and detached guesthouse — for a total of five bedrooms and seven baths. A little more than 10,000 square feet of classical yet modern living space designed by Penelope Irwin is complemented with high ceilings and bleached oak floors throughout, plus banks of steel-framed French doors spilling out to gardens and a central open-air courtyard.
As for the main house, it’s highlighted by glassy front doors that open into a gallery-style entry hall. From there, a spacious living room flows to the aforementioned courtyard, which is flanked by a library and dining room. Elsewhere is a music room, an office, and a poolside family room that connects to a casual dining area and kitchen; and outdoors, the Mario Nievera-landscaped grounds are spotlighted by a lap pool and an entertainment deck.
Especially standing out are the home’s eco-friendly features, which include 230 virtually hidden solar panels surrounded by flush strips of grass designed to help absorb heat, along with fresh-air ventilation, water-collection and water-purification systems.
Heyvaert — founder and managing partner of private-equity firm Motive Partners, a New York-based technology-focused investment firm with $3 billion in assets under management — still owns the 54 Bond Street penthouse in New York City he bought for $13.5 million in 2011.
As for Ford, who recently sold the Tom Ford fashion label to Estée Lauder Cos. In a deal valued at around $2.8 billion, the Texas native maintains a Holmby Hills estate he paid late socialite Betsy Bloomingdale $38.8 million for in 2016, as well as homes in New York City, London and Santa Fe, N.M.