By: Ismael Rodriguez

It’s no secret that renowned artists, musicians, actors and fashion designers flock Miami and invest in summer homes or permanent residences. For two of the world’s most famous fashion designers, their real estate ventures have led to their listing and selling of long-time residences.

Tommy Hilfiger, who also owns the Raleigh hotel in Miami Beach, listed his Golden Beach mansion for $27.5 million last week, just a day after Calvin Klein sold his waterfront North Bay Road house for $13 million.

The renovated 14,025-square-foot mansion sits at 605 Ocean Boulevard, and was built in 2007 with six bedrooms, a beachfront pool and 27,500-square-foot lot. Hilfiger described it as “part art gallery and part beach house with a touch of disco,” according to an interview with the Wall Street Journal.

This modern, colorful home was featured in a 2014 issue of “Architectural Digest,” showcasing the mansions bright carpeting and paneling, black and white floors, a poolside Keith Haring sculpture, and bathrooms containing scratch-and-sniff wallpapers.

On the other hand, Klein’s home, a vintage 1929 house with five bedrooms and a bathroom for each, two half-baths, a pool and two garages, was sold last week after being on the market since 2015. It sits on North Bay Road, an area known to appeal the likes of celebrities like Ricky Martin, Matt Damon, Chris Bosh and Barry Gibb of the Bee Gees.

The chairman and CE0 of J. Crew Group and his wife were handpicked by Klein himself to buy this aesthetically pleasing home with furnishings and antiques selected by Axel Vervoordt, a famous interior designer, according to what real estate company Douglas Elliman told the press.

Over the past few weeks, the listing and selling of high-priced properties across Miami Beach has become a trend. For example, properties on the Venetian Islands have sold at reduced prices, selling for $22 million after an original listing for $30-something million.