Did the Versace House Sell?
The iconic Versace Mansion, located in Miami Beach, was put up for sale in 2012 with an asking price of $125 million. The stunning property was initially built in 1930 and then renovated by Gianni Versace in 1992.
It is famously known as Casa Casuarina and has been a landmark in Miami for decades. In fact, it is one of the most photographed properties in the entire city.
The Sale Process
The sale process for the Versace Mansion was not an easy one. After being listed for $125 million, the property underwent a series of price reductions over the years.
In 2016, it was relisted for $75 million and finally sold at auction in September of that year for $41.5 million to Joe Nakash, who co-owns Jordache Enterprises along with his brother Ralph Nakash.
What’s Next?
Since purchasing the property, Nakash has converted the Versace Mansion into a luxury hotel known as The Villa Casa Casuarina. The hotel features 10 opulent suites and a restaurant that is open to both hotel guests and members of the public.
The Legacy Lives On
Despite no longer being owned by the Versace family, Casa Casuarina still stands as a symbol of their legacy. Gianni Versace purchased what was originally known as The Amsterdam Palace in 1992 and spent millions converting it into his dream home.
He lived there until his tragic death on July 15th, 1997 when he was shot dead on its steps by Andrew Cunanan.
- Today, tourists from all over the world flock to Miami Beach to see Casa Casuarina and take pictures outside its gates.
- The Versace Mansion remains an important part of Miami’s cultural heritage and is considered a must-visit destination for anyone interested in fashion, architecture, or design.
- While it may no longer be the private residence of the Versace family, it will always hold a special place in their hearts and the hearts of their fans around the world.
In conclusion, while the Versace Mansion was sold in 2016 for a fraction of its original asking price, its legacy lives on. It has been transformed into a luxurious hotel that continues to attract visitors from all over the world.
Whether you’re interested in architecture, fashion, or simply want to experience Miami’s rich cultural history, The Villa Casa Casuarina is definitely worth a visit.
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