Versace Mansion Listed for Sale for $125 Million

Real Estate Blog Article

Friday, June 08, 2012
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Casa Casuarina, home to the late Gianni Versace, has been listed for sale by real estate magnates, The Jills. This historic estate is where he was tragically gunned down in 1997. Versace originally purchased the home and the neighboring lot for under $10 million and restored and invested another $33 million. The additions included a 6,100 square foot wing to the south, 54 foot mosaic tile pool with 24 karat fold inserts, mosaic courtyards, and hand painted frescoes adorning every wall, indoors and out. After his passing, the home was acquired by Peter Loftin in 2000 for $20 million and this home was used as his private residence. Loftin later turned the residence into a boutique hotel and with the help of Barton G. restaurant, in 2009 it opened as, Villa by Barton G.
This home has ten bedrooms and 11 bathrooms and overlooks the Ocean and Ocean Drive.  It originally was built in 1930 by famed architect Alden Freeman. After the extensive renovations and various private and commercial interests in the home, the price tag is understandably higher and with the current low inventory in Miami Beach, and incremental increases in prices, this property may very well fetch this high list price. Further, being situated on Ocean Drive amidst hotels and retail spaces, this home could be sold either commercially, as a hotel, or as a private residence. For more information on this property and other stunning properties in Miami Beach contact us today.
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