Gindi Family and Nakash Family of New York were the winners of the auction for Casa Casuarina this morning. Bidding started at $25 million and the winning bid was $41.5 million. The next highest bidder was Donald Trump with a bid of $41.5 million. Other bidders included Glenn Straubb, the owner of the Palm Beach Polo Club. The estate was originally listed at $125 million and then reduced to $100 million, and most recently, $75 million. The new owners are an LLC which also own the neighboring Victor Hotel. They announced that they intended to petition to use the Versace name and use the property as an adjoining hotel to the Victor. Peter Loftin was the most recent owner, who used the property commercially as the Villa at Barton G. It is zoned for both residential and commercial use. This was one of the most highly anticipated auctions in Miami Real Estate history. Congratulations to the new owners!