GREENWICH, Connecticut – Fashion designer Tommy Hilfiger's luxury estate in Connecticut has sold for $20 million, about $8 million below its original asking price.

Sotheby's International Realty says the 20,000-square-foot (1,860-sq. meter) Greenwich mansion is being purchased by a family who toured it in September.

The mansion has eight bedrooms and nine bathrooms. It also features a 2,000-bottle wine cellar, indoor basketball court, sauna, massage room with a waterfall and home theater.

Hilfiger purchased the home in 2005 for $18 million. It had been on the market since February 2008.

The designer has moved to New York City.

The mansion is located on Connecticut's Gold Coast, a bastion of suburban perfection that's home to Martha Stewart and is considered the inspiration for the Stepford Wives.