If you’re a fashion enthusiast, you’ve probably heard of Versace – the luxury fashion brand that has been dominating the industry for decades. But did you know that the iconic founder of the brand, Gianni Versace, had a stunning mansion located in Miami Beach?
The Versace House is known for its opulent design and rich history, but have you ever wondered how much it’s worth? Let’s dive into the details.
History of the Versace House
The Versace House, also known as Casa Casuarina, was built-in 1930 by Alden Freeman. It is located on Ocean Drive in Miami Beach and was later purchased by Gianni Versace in 1992 for $2.95 million. The mansion was originally built as an apartment complex and was later converted into a private residence by Gianni Versace.
Description of the Versace House
The Versace House is nothing short of spectacular. The 23,000 square-foot mansion boasts ten bedrooms, eleven bathrooms, and numerous other luxurious amenities. The interior of the house is adorned with intricate mosaics, frescoes, and hand-painted walls that showcase Gianni’s love for art and design.
One cannot overlook the magnificent pool lined with 24-karat gold tiles that overlooks the Atlantic Ocean. The pool area also features a beautiful garden and an outdoor dining area perfect for hosting lavish parties.
How Much Is the Versace House Worth?
After Gianni’s death in 1997, his family put up the mansion for sale. In 2000, it was sold to Peter Loftin for $19 million who then invested an additional $33 million to renovate and restore it to its original state.
As of today (2021), the estimated value of the Versace House stands at a whopping $125 million! This makes it one of the most expensive properties in the United States.
Conclusion
The Versace House is not just a mansion; it’s a piece of history that has been preserved for decades. It’s no surprise that this magnificent property is worth so much, considering its rich history and unique architectural design. If you ever find yourself in Miami Beach, make sure to take a walk down Ocean Drive and admire the beauty of the Versace House – a true gem of the fashion world.
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