Beach mansion once owned by Versace lists for $125 million
11:10PM on June 08, 2012
By Candace Jackson and Lauren A. E. Schuker, WSJ.com
June 8, 2012
The Miami Beach house once owned by late fashion designer Gianni Versace, is on the market for $125 million.
Photo: Reuters
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Casa Casuarina, the Miami Beach, FL, house once owned by late fashion designer Gianni Versace, is on the market for $125 million.
Known as Casa Casuarina, the 10-bedroom, 11-bathroom house overlooks the ocean. Mr. Versace bought the home and its adjacent lot in 1992 for just under $10 million and then invested another $33 million in the property, adding a 6,100-square-foot south wing, a 54-foot-long mosaic-tiled pool lined with 24-karat gold, a mosaic-covered courtyard and frescoes on the home's walls and ceilings.
Mr. Versace installed museum-quality frescoes on the home's walls and ceilings.
Photo: Casa Casuarina, LLC
He was killed outside the home in July 1997. Peter Loftin, a telecom entrepreneur, purchased the property in 2000 for $20 million. After using it as a residence for several years, Mr. Loftin turned the home into a boutique hotel with a restaurant and opened it in late 2009 as the Villa by Barton G.
Mr. Loftin turned the home into a boutique hotel with a restaurant.
Photo: Casa Casuarina, LLC
Coldwell Banker's "The Jills," Jill Eber and Jill Hertzberg, are representing Mr. Loftin in the sale. "Miami is now seeing prices like it's never seen before, with an influx of international buyers, so it's the perfect time to sell this trophy property," says Ms. Eber.
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