Former J.Crew chief Mickey Drexler has sold his Ketchum, Idaho, home and two adjacent lots for $11 million, according to people familiar with the transaction.
The property first went on the market in 2019 with an asking price of $13.9 million, according to Travis Jones, who with colleague Svea Grover at Engel & Völkers represented both sides of the transaction. Most recently the property was seeking $8.9 million, though that price didn’t include the adjacent lots.
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Designed by architect Thierry W. Despont, the stone house sits on a hillside in the Knob Hill neighborhood and looks out at the Smoky Mountains, Mr. Jones said.
Mickey Drexler served as head of J.Crew and the Gap.
BloombergThe approximately 6,600-square-foot home includes three bedrooms, five bathrooms, a two-sided fireplace in the great room, gold-leaf ceilings in the kitchen and an elevator. It also came fully furnished, from the chandelier by artist Dale Chihuly to the plaid couches (which coordinate with the plaid walls, plaid cushions and plaid curtains).
Suzanne Devitt Levit, who purchased the property with her husband Carson Levit, said she likes the interiors. "When friends ask me are you going to change anything (because they know what a design buff I am), I say, ‘Absolutely not! I would never have the audacity to alter Thierry and Mickey’s creation,’ " Mrs. Levit wrote in an email. "And luckily, we’ve always loved plaid!"
Mrs. Levit said she spotted the house online, relating that she had enjoyed a recent visit to the area so much "that I did what I often do, which is scroll through Zillow late night in bed." She added that she and her husband, a former hedge-fund manager and a private investor, had been thinking of buying a ski home in an area that offered summer activities.
Mrs. Levit, who with her family is based in San Francisco, emailed the listing agent that night, and she and her daughter toured the house the next day. In addition to the architecture, the location and the views, the Levits said they were struck by the attention to detail, down to the home’s own stationery emblazoned with its moniker "Ski House."
Meanwhile, the Levits are asking $12.9 million for their Napa Valley home, which includes a four-bedroom, four-bath main house, a two-bedroom guesthouse, two pools, a putting green and a 2½ acre vineyard. Mrs. Levit said they are selling after over 20 years because they are avid skiers and plan on spending more time in Sun Valley and in Gulf Stream, Fla.
While Mrs. Levit said their Sun Valley purchase was not motivated by the pandemic, the area, like many vacation destinations, has benefited from the dramatic shifts in luxury housing demand that have been spurred by the virus, Mr. Jones said. "This is our first-ever billion-dollar year," he added.
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In addition to his stint at J.Crew, Mr. Drexler was also CEO of the Gap and served on the board of Apple for 15 years. He has done other houses with Mr. Despont including a Manhattan townhouse and a Tribeca condominium. He declined to comment.