If you are a fashion lover and a fan of the iconic Italian fashion house Versace, then you must have heard about the Versace Mansion in Miami. The mansion was once owned by the late Gianni Versace, the founder of Versace, who was tragically murdered on its steps in 1997.
Since then, the ownership of the mansion has changed hands several times. So, who owns Versace House in Miami now? Let’s find out.
History of Versace Mansion
The mansion was originally built in 1930 by Alden Freeman, an architect known for his Mediterranean Revival-style designs. The property is located on Ocean Drive in South Beach, Miami and is considered one of the most luxurious and historic buildings in the area.
In 1992, Gianni Versace purchased the property for $2.95 million and spent an additional $33 million renovating it to make it his dream home. The mansion was renamed Casa Casuarina and became a popular spot for celebrities and high-profile guests.
However, tragedy struck on July 15, 1997 when Gianni Versace was shot dead by Andrew Cunanan on the steps of his beloved home. After Gianni’s death, his sister Donatella inherited the property.
Ownership Changes
In 2000, Donatella sold Casa Casuarina to Peter Loftin for $19 million. Loftin was a telecom entrepreneur who had plans to turn the mansion into a luxury hotel and club.
After facing financial difficulties and foreclosure proceedings, Loftin sold the property at auction for $41.5 million to VM South Beach LLC in 2013. VM South Beach LLC was a consortium led by Joe Nakash, co-owner of Jordache Enterprises.
Current Ownership
As of today, VM South Beach LLC still owns Casa Casuarina, which has been operating as a luxury hotel and event space under the name The Villa Casa Casuarina. The property features 10 luxurious suites, a restaurant, a 24-karat gold-lined pool, and an observatory with views of the Miami skyline.
In 2018, the property was listed for sale for $125 million, making it one of the most expensive homes for sale in the United States. However, as of now, there have been no reports of any sale or transfer of ownership.
Conclusion
To summarize, the iconic Versace Mansion in Miami is currently owned by VM South Beach LLC and is operating as a luxury hotel and event space under the name The Villa Casa Casuarina. Although the property has been listed for sale in recent years, it has not yet been sold or transferred to another owner. Nevertheless, the mansion remains an important piece of fashion and architectural history that continues to attract visitors from around the world.
10 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 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.
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Before delving into ownership details, it’s important to understand the history of this magnificent home.
