The Versace House in Miami, also known as Casa Casuarina, is a stunning property located in the heart of South Beach. Originally built in 1930, the mansion was purchased by fashion designer Gianni Versace in 1992 and underwent extensive renovations to transform it into the luxurious residence it is today. After Versace’s tragic death in 1997, the property changed hands several times before being converted into a boutique hotel.
So how much is this iconic property worth today? According to recent reports, the current asking price for Casa Casuarina is a whopping $125 million. This makes it one of the most expensive properties on the market not just in Miami, but in the entire world.
But what exactly does this price tag include? Let’s take a closer look at what makes the Versace House so valuable.
Location
One of the main factors contributing to the high value of Casa Casuarina is its prime location on Ocean Drive. The mansion is situated right across from South Beach and offers stunning views of the Atlantic Ocean. It’s also just steps away from some of Miami’s best restaurants, shops, and nightlife venues.
Design and Architecture
Another key feature that sets Casa Casuarina apart is its unique design and architecture. The mansion boasts 10 bedrooms, 11 bathrooms, multiple living areas, a rooftop terrace with a pool and hot tub, and even an observatory with views of Miami Beach. The interiors are equally impressive, with ornate decor inspired by Italian Renaissance style.
History
Perhaps one of the biggest draws of Casa Casuarina is its rich history. Gianni Versace spared no expense when he purchased and renovated the property in the early 90s.
He added personal touches like custom mosaics and commissioned artwork throughout the house. After his death, his family sold it to telecom magnate Peter Loftin who continued to maintain its grandeur while also adding modern amenities like a spa and restaurant. Today, the property serves as a living testament to Versace’s legacy and the glamour of Miami Beach in the 90s.
In conclusion, the Versace House in Miami is worth an estimated $125 million due to its prime location, unique design and architecture, and rich history. While this price tag may seem steep, it’s a small price to pay for a piece of fashion and architectural history.
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