If you’re a fan of the hit Netflix series, Selling Sunset, you might have caught wind of the $20 million Versace mansion that made an appearance in season two. As one of the most iconic properties in all of Los Angeles, the Versace mansion quickly became a hot topic among fans of the show.
So, who sold the Versace house on Selling Sunset? Let’s dive into the details.
Firstly, it’s important to note that the Versace house was originally owned by Italian designer Gianni Versace. After his untimely death in 1997, the property was sold to Peter Loftin for $19 million. Loftin then spent an additional $33 million renovating and expanding the property before putting it up for sale in 2012.
Enter Joe Nakash, who purchased the property for $41.5 million in 2013 along with his brother, Ralph Nakash. The Nakash brothers are known for their investments in fashion and hospitality industries and saw potential in turning the Versace mansion into a luxury hotel.
Fast forward to 2020 and we see Jason Oppenheim from The Oppenheim Group representing Joe Nakash as he puts the iconic property back on the market for a whopping $125 million. While we don’t see much negotiation or interaction between Jason and Joe on Selling Sunset regarding the sale of the property, it’s clear that Joe trusted Jason to get him top dollar for his investment.
So who ended up buying this coveted piece of real estate? As of now, there has been no official announcement on who purchased the property but rumors suggest that it may have been bought by a wealthy Russian businessman.
Overall, while we didn’t see much drama surrounding this specific listing on Selling Sunset, it’s clear that owning such an iconic piece of property comes with its own set of challenges and opportunities. Who knows what kind of magic will be made with this luxurious piece of real estate in the future? Only time will tell.
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