What Happened to Versace Villa in Miami?

Miami is a city that is known for its luxurious lifestyle, beautiful beaches, and vibrant nightlife. One of the most iconic landmarks in Miami is the Versace Villa, also known as Casa Casuarina.

This stunning mansion was once owned by the famous Italian fashion designer Gianni Versace. However, in 1997, tragedy struck when Versace was murdered outside his home. Since then, the villa has had a tumultuous history.

The History of the Versace Villa

Gianni Versace purchased the property in 1992 and spent millions of dollars renovating it to his liking. The mansion was built in 1930 by architect Alden Freeman and was originally called Casa Casuarina. It was a stunning example of Mediterranean Revival architecture and featured a beautiful courtyard with a pool.

After Versace’s death in 1997, the villa changed hands multiple times. In 2000, it was sold to Peter Loftin, who turned it into a luxury hotel called The Villa By Barton G. The hotel boasted 10 lavish suites that were decorated with Versace’s signature style.

However, The Villa By Barton G struggled financially and went through several bankruptcies over the years. In 2013, the property was sold at auction for $41.5 million to Joe Nakash, co-founder of Jordache Enterprises. Nakash planned to turn the villa into a luxury members-only club.

The Future of the Versace Villa

Despite Nakash’s plans for the property, it has remained closed since he purchased it in 2013. There have been rumors that he is still planning to turn it into a private club or even sell it once again.

In recent years, there has been renewed interest in the property due to its historical significance and unique architecture. In fact, FX’s hit TV show “American Crime Story” even filmed scenes at the villa for their season about the murder of Gianni Versace.

While the future of the Versace Villa is uncertain, one thing is for sure – it will always be an iconic part of Miami’s history. Its stunning architecture and connection to one of the world’s most famous fashion designers make it a must-see destination for anyone visiting Miami.

Conclusion

The Versace Villa in Miami is a beautiful example of Mediterranean Revival architecture that was once owned by the famous Italian fashion designer Gianni Versace. Since his tragic murder in 1997, the property has changed hands multiple times and has struggled financially.

However, there is renewed interest in the property due to its historical significance and unique design. Whether it becomes a private club or remains closed to the public, the Versace Villa will always be an iconic part of Miami’s history.