By admin 
Billionaire Ford purchased the award-winning home at 241 Jungle Road in late 2022 and then sold it to Brian and Andrea Kosoy, who had just put it up for sale.
An award-winning contemporary-style home that billionaire fashion designer Tom Ford sold in 2023 is back on the market, listing at $78.5 million.
Ford paid $51 million for the Estate Section home at 241 Jungle Road in December 2022 and sold it five months later in an unusual home exchange transaction with private equity specialist and real estate manager Brian Kosoy and his wife Andrea. The Kosoys simultaneously transferred ownership of their nearby landmark estate to Ford in the private agreement. The transaction was said to be worth more than $100 million, although terms of the deal were never disclosed.
The Palm Beach Daily News is the first media outlet to report the new Jungle Road listing.
The Jungle Road home, built in 2016, was Ford’s first purchase in Palm Beach and came shortly after he sold his eponymous fashion brand to Estée Lauder Cos., which valued it at $2.8 billion.
With a total of six bedrooms, the Kosoys’ estate consists of two one-story buildings that offer a combined 12,914 square feet of indoor and outdoor living space, according to property records. On the north side of Jungle Road, the lake-block property measures approximately one acre.
The one-storey main house has a fresh, sleek silhouette and is separated from the similar guesthouse by a swimming pool. The two buildings feature gallery white exteriors, flat roofs and custom-designed 13-foot French doors. The main residence’s floor plan revolves around an open-air courtyard.
The property is located approximately half a mile south of Worth Avenue and approximately one mile north of Former President Donald Trump’s Mar-a-Lago Club.
The Kosoys listed the property as their primary residence in Palm Beach County’s latest property tax rolls. According to the multiple listing service, they listed the house on Oct. 30 with real estate agent Christian Angle of Christian Angle Real Estate.
Brian Kosoy is the founder and director of the West Palm Beach-based Sterling Organization and its affiliated companies. The company invests in retail properties and other real estate assets, according to his company website. Kosoy and his wife have lived in Palm Beach for a long time.
Angle’s sales listing describes the estate as “perfect for entertaining with expansive living areas,” including a formal living room with fireplace, formal dining room, billiards room, library and home gym. The living room has 4 meter high ceilings, while other ceilings are 4 meters high.
There are also “excellent outdoor spaces,” including a dining patio and fantastic loggia, according to the sales listing.
The well-equipped kitchen is designed around an extra-large work island. The family room, which is open to the breakfast room and kitchen, overlooks a loggia and guesthouse.
The estate was completed as a custom home for longtime residents: home shopping magnate James Held and Kenn Karakul, who serves on the city’s Architecture Commission.
In 2019, the Preservation Foundation of Palm Beach awarded architect Daniel Kahan the Elizabeth L. and John H. Schuler Awardwhich recognizes excellence in new architecture, for his work on the Jungle Road house. Kahan, principal at Smith and Moore Architects, shared the award with Held and Karakul.
The house was built to be extremely energy efficient and environmentally sustainable, Held told the Palm Beach Daily News when the house won the prize. One of the features is an extensive system of solar panels on the roof.
Angle handled both sides of the home exchange involving Ford and the Kosoys on Via Del Mar in May 2023. Ford’s new home is a 1920s house known as Casa Della Porta. That house – with coral stone exterior walls – is considered the most impressive, designed by renowned architect Maurice Fatio, Treanor & Fatio.
Angle was the only real estate agent involved in the 2022 transaction when Ford purchased the Jungle Road home through a trust. The seller in that deal was a property company controlled by private equity specialist Rob Heyvaert. Heyvaert’s company purchased the house in August 2021 for a recorded $35.75 million.
Ford founded his eponymous fashion label in 2005 after stints as creative director for Gucci and Yves Saint Laurent. The line includes clothing for men and women, beauty products, eyewear and accessories. Ford has also directed feature films, including 2009’s “A Single Man,” starring Colin Firth. Ford was nominated for an Academy Award for the film.
Ford, the Kosoys and Angle could not immediately be reached for comment.
The MLS’s “active” listings show that two other Palm Beach properties recently hit the market with higher price tags than the Kosoys’ home. The most expensive is a $95 million listing a gated lakefront estate at 1460 N. Lake Waynext to The home of Hollywood icon Sylvester Stallone at the far Noordeinde. Agent Margit Brandt of Premier Estate Properties represents that property.
The second most expensive property in the MLS is across town: a never-occupied property Oceanfront home and guesthouse priced at $88 million at 1540 S. Ocean Blvd. on the section of the coast road nicknamed “Billionaires Row” in the Estate section. Angle owns that listing.
Another Palm Beach estate in the MLS has a higher price tag than those properties – at $96 million – but it is not on the active listings.” Instead, the MLS shows that the oceanfront property at 1446 N. Ocean Blvd. has been under contract since the end of July. Broker Lawrence Moens of Lawrence A. Moens Associates has that North End listing.
(This story has been updated to add new information.)
[email protected]
*
This is a development story. Check back for updates.
Darrell Hofheinz is a Florida-based USA TODAY Network journalist who writes about Palm Beach real estate in his weekly column “Beyond the Hedges.” He welcomes tips about real estate news on the island. Email [email protected], call (561) 820-3831 or tweet @PBDN_Hofheinz.