The Versace House in Miami is a luxurious mansion located on Ocean Drive, South Beach. This iconic property has been the subject of much curiosity and speculation, particularly when it comes to who owns it. Let’s explore the history of this magnificent house and find out who is the current owner.
History of the Versace House
The Versace House was originally built in 1930 by Standard Oil heir Alden Freeman. The mansion was designed by renowned architect, Wallace Tutt, who was inspired by the Alcazar de Colon palace in Santo Domingo. The house boasts Mediterranean Revival architecture with Italian-style gardens and intricate mosaics that adorn its walls.
In 1992, fashion designer Gianni Versace purchased the mansion for $2.95 million and spent an additional $33 million renovating it to his liking. He added a pool lined with 24-karat gold tiles, a rooftop observatory, and a private suite that he used as his personal quarters.
Unfortunately, Versace’s time at the mansion was cut short when he was tragically murdered outside its gates in 1997. The property sat vacant for several years until it was purchased by telecom mogul Peter Loftin in 2000.
The Current Owner of the Versace House
After purchasing the mansion for $19 million, Loftin transformed it into a luxury hotel called The Villa by Barton G., which opened its doors in 2013. The hotel boasts ten opulent suites that pay homage to Versace’s unique style and taste.
In addition to being a hotel owner, Peter Loftin is also an entrepreneur and philanthropist. He has been involved in several businesses throughout his career ranging from telecom to real estate development.
Today, The Villa by Barton G. remains one of Miami’s most exclusive hotels and welcomes guests from all over the world who want to experience the grandeur and elegance of the Versace House.
Conclusion
In summary, the Versace House in Miami has had a rich and fascinating history. From its origins as a private residence to its transformation into a luxury hotel, this mansion has captured the hearts and imaginations of people worldwide. While Gianni Versace was its most famous owner, it is now owned by entrepreneur and philanthropist Peter Loftin, who has turned it into one of Miami’s most iconic landmarks.
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