How Much Did Versace House Sell For?

On September 25, 2020, the late fashion designer Gianni Versace’s Miami Beach mansion was sold for a staggering $30 million. The sale came after the property had been on the market for almost a year, with an initial asking price of $125 million in 2012.

The iconic mansion, known as Casa Casuarina, was originally built in 1930 by architect Alden Freeman and later purchased by Versace in 1992. He then spent millions renovating and expanding the property to create his own personal oasis. The mansion boasts 10 bedrooms and 11 bathrooms, along with numerous luxurious amenities such as a mosaic-tiled swimming pool, a rooftop observatory, and an open-air courtyard.

After Versace’s tragic death in front of the mansion in 1997, the property was eventually sold to businessman Peter Loftin for $19 million. Loftin converted it into a luxury boutique hotel which operated under the name The Villa By Barton G. However, financial difficulties led to its closure in 2013.

The current buyer of Casa Casuarina remains unknown. However, reports suggest that it is an undisclosed buyer from New York who plans on using it as their primary residence.

Despite its steep price tag and uncertain future use, Casa Casuarina remains an iconic piece of fashion history and architecture. Its Mediterranean-style design and lavish features have made it a popular destination for tourists and fashion enthusiasts alike.

In conclusion, while the $30 million sale price may be significantly lower than its original $125 million asking price, it is still a testament to the timeless appeal of Gianni Versace’s legacy and his extraordinary vision for design and luxury living.