In September 2021, the iconic Versace mansion in Miami was sold to a billionaire businessman for a whopping $125 million. The property, also known as Casa Casuarina, is located on Ocean Drive in the heart of South Beach and has been a symbol of luxury and excess for decades.
The new owner of the Versace mansion is none other than Tilman Fertitta, the CEO of Landry’s Inc., a hospitality company that owns several popular chains such as Morton’s The Steakhouse and Bubba Gump Shrimp Co. Fertitta is also the owner of the Houston Rockets basketball team and has an estimated net worth of $4.9 billion.
The sale of Casa Casuarina is one of the largest residential real estate deals in Miami’s history, surpassing even the previous record set by Jeff Bezos’ purchase of a $90 million property in early 2021.
But what makes this property so special? For starters, it was originally built in 1930 by architect Alden Freeman as a private residence for himself and his family. In 1992, fashion designer Gianni Versace purchased the property and turned it into his own personal oasis.
Versace spared no expense in renovating Casa Casuarina to fit his unique style and taste. He added several luxurious amenities such as a mosaic-tiled pool lined with 24-karat gold, frescoed walls, ornate ceilings, and custom-made furniture.
After Versace’s tragic death in 1997, the property was sold to telecom mogul Peter Loftin who turned it into a boutique hotel. However, due to financial troubles, Loftin lost ownership of Casa Casuarina in 2013.
Since then, the property has changed hands several times before ending up with Fertitta. The businessman reportedly plans to use Casa Casuarina as a private residence for himself and his family.
In conclusion, the sale of the Versace mansion in Miami to Tilman Fertitta for $125 million is a significant moment in the city’s real estate history. The property’s rich history and unique design make it a one-of-a-kind gem that will surely be treasured by its new owner for years to come.
7 Related Question Answers Found
Located in Miami, Florida, the Versace Mansion is a historic landmark that has been the subject of much interest and speculation over the years. The mansion was built in 1930 and was later purchased by fashion designer Gianni Versace in 1992. Following his tragic murder in 1997, the mansion has changed hands several times, leading many to wonder who currently owns it.
The House of Versace, a luxury fashion brand that has been around for more than four decades, has been a topic of discussion in the fashion industry in recent years. In 2018, it was announced that Michael Kors Holdings Limited had acquired the fashion house for a whopping $2.1 billion. This marked a significant change of ownership for the iconic brand that has been synonymous with Italian glamour and luxury since its inception.
Versace Miami House, also known as Casa Casuarina, is a luxurious mansion located in the heart of Miami Beach. The house was originally built in 1930 by architect Alden Freeman and later purchased by fashion designer Gianni Versace in 1992. Versace spent millions of dollars renovating the property and turned it into his personal palace where he entertained friends and threw lavish parties.
If you’re a fashion enthusiast, then you might have heard of the news that Versace has been bought by a new owner. But, who bought Versace? Let’s dive into the details.
If you are a fashion enthusiast, you must have heard of the iconic Italian fashion brand Versace. The brand is known not only for its high-end fashion products but also for its luxurious properties. One of the most famous properties owned by the Versace family is the Versace House, also known as Casa Casuarina.
Gianni Versace, the founder of the iconic fashion brand Versace, was a true visionary. He built his empire from scratch and made it one of the most recognized fashion brands in the world. However, his life was cut short when he was tragically murdered in 1997.
Gianni Versace, the fashion icon who revolutionized the fashion industry with his unique design style, founded the iconic fashion house Versace. Born in Reggio Calabria, Italy, on December 2nd, 1946, Gianni Versace grew up in a family of dressmakers and tailors. Hence, he developed a keen interest in fashion at an early age.
