Versace Mansion Sells at Auction for $41.5 Million

The former Casa Casuarina Hotel (Versace Mansion) Room Review Miami Beach, FL One of America’s landmark homes, the Miami Beach mansion that once belonged to Italian fashion designer Gianni Versace, was sold at an auction on Tuesday for $41.5 million to a business group that.

Joe Nakash, center, and Eli Gindi, second from right, with VM South Beach LLC, emerge from the south beach mansion that once belonged to Gianni Versace after placing the winning bid of $41.5 million for the property during an auction, Tuesday, Sept. 17, 2013 in Miami Beach, Fla. Gianni Versace bought the property in 1992.

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When the Versace mansion first hit the market, it was priced at $125 million. Two price cuts and a few months later, the home was listed at $75 million.When the property headed to bankruptcy auction, the stalking horse bid started at $25 million.. The final sale price? $41.5 million.

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Casa Casuarina (source: joe raedle/getty images). owned by italian designer gianni versace has been sold at auction for $41.5 million.

The former versace mansion fetched a top bid of $41.5 million at a high-profile auction Tuesday from New York's Nakash and Gindi families,

The Miami Beach Versace mansion once owned by Italian fashion designer Gianni Versace and the site of his 1997 fatal shooting in Florida was sold on Tuesday for $41.5 Million. Versace spent million renovating the mansion, which features a 54-foot mosaic pool lined with 24-karat gold.

Gianni Versace’s world famous Versace Mansion, now called Casa Casuarina is finally sold for $41.5 million at bankruptcy auction. The 1930s-era Mediterranean-style estate, which has 10 bedrooms, 11 bathrooms and a pool inlaid with 24-karat gold, was auctioned off by its current owner, telecom magnate Peter Loftin.

Gianni Versace’s Miami Beach mansion was sold for $41.5 million at auction. The 1930’s-era Mediterranean-style estate owned by the Italian designer has 10 bedrooms, 11 bathrooms, a 24-karat inlaid pool, hand-painted walls, gold-and-marble toilet.

Gianni Versace’s exquisite Miami Beach mansion was sold for $41.5 million at an auction on Tuesday. The designer was gunned down at the mansion’s gate by serial killer Andrew Cunanan in 1997. The buyers are in a business group that includes the owners of the jordache jeans brand, the Associated Press reported.

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