Versace Mansion Sells at Auction for $41.5 Million

(AP) – The new owners of the South Beach mansion where Gianni Versace lived and died said Tuesday that they hope to use the Italian fashion designer’s name and legacy in rebranding the property as a.

The Villa, Casa Casuarina, also known as the Versace Mansion, is an American property built. The mansion was bought by VM South Beach, LLC for $41.5 million in 2013. Since 2015, the villa casa casuarina has been a luxury hotel with.

The South Beach mansion, once owned by Italian fashion designer Gianni Versace was sold at auction for $41.5 million to VM South Beach, the property’s. After Versace’s death, his family sold the property. The Villa Casa Casuarina now is part of the Victor Hotels group, which acquired the mansion at a 2013 auction for $41.5 million.

The high premium paid for this property is foolish when you consider the property’s limited appeal as a boutique hotel – no matter how interesting people like Donald Trump and 1980s-era jean.

Gianni Versace’s Miami Mansion SOLD For $41.5 Million!!. The property where the late designer was murdered back in 1997 sold at auction this week for $41.5 million dollars to Joe Nakash,

The Versace mansion was sold at a court-ordered bankruptcy auction for $41.5 million a few hours ago to a group that includes New York’s Nakash family, the major owner of Jordache Enterprises.

The Versace mansion finally sold for $41.5 at auction, now reopen to be turned into a hotel by New York family behind Jordache denim label. The mansion has been officially named casa Casuarina for more than a decade, operating first as a private club and then as a boutique hotel until earlier this year.

Casa Casuarina, which is still called "the Versace mansion" by locals, was initially listed for sale at $125 million in 2012. The bidding started at $25.5 million.

CONSTRUCTION FLORIDA LAND LOAN The Astor Companies closed on $59 million in construction financing for Merrick Manor in Coral Gables, the developer said on Wednesday. Florida Community Bank provided the 24-month loan for the 10..

While the Versace family has slammed the upcoming FX series “The Assassination of Gianni versace: american crime story” as “fiction. of Jordache jeans fame. They paid $41.5 million for it at an.

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Modern Miami is a symbol of the arts and culture; it boasts a stream of new design hotels, historic landmark properties like Vizcaya, and serves as a hub for Art Basel. But there is one architectural.