Miami Condo Market and Lifestyle Updates
Ex-Versace Casa Can Now Be Su Casa at a Revised Price of $100 Million

Ex-Versace Casa Can Now Be Su Casa at a Revised Price of $100 Million

by Sep Niakan | January 22, 2013

 

The former mansion of late Gianni Versace, Casa Casuarina dropped its asking price from a whopping $125 million in June, 2012 to $100 million right before the dawn of the New Year. This impressive mansion has always been the centre of controversies, whether it be the front porch death of its illustrious owner or a long-drawn legal battle. However, none of these controversies can overshadow the fact that this South Beach estate is a real catch.

The 1116 Ocean Drive, 19000-square-feet South Beach estate was bought by Versace in 1992 for $10 million. Renovations worth $33 million were then made to this majestic property, which was again sold off in 2000 for $20 million to telecom mogul Peter Loftin post Versace’s sad demise.

Here’s what the $100 million price tag of the Casa Casuarina is going to fetch you:

  • 19,000 square feet of extravagant living space in the swanky South Beach.
  • 10 luxurious bedrooms with 11 baths, all in marble.
  • A 24-karat gold lined mosaic-tiled pool that stretches a cool 54 feet in length that was part of the $33 million renovations.
  • A lavish, Versace-mosaic courtyard.
  • Plush Italian furniture along with other furnishings such as silk and velvet drapes worth millions of dollars.
  • A boutique hotel called the Villa by Barton G that currently rents one-bedroom suites for $2,250 a night along with a host of British-trained butlers as well as a restaurant serving cocktails in signature Versace martini glasses.

Do you think the $100 million asking price for the Casa Casuarina is justified? Share your thoughts below!

 

Image Source: twistedlifestyle.com

Recent posts

Opinions and Advice

Miami Pre-Construction Frequently Asked Questions

by Sep Niakan | May 22, 2017

How much is the fee to have a knowledgeable and licensed Miami real estate broker help me select the right property? How much of my money does developer use during construction? What are the penalties if I decide to cancel my pre-construction...

Opinions and Advice

Comprehensive Guide to Buying a Pre-construction Property or Condo in Miami

by Sep Niakan | May 22, 2017

Why You Need to Read This Miami Pre-construction Condo Guide Miami Pre-Construction Phases How to Negotiate the Best Miami Pre-Construction Deal How to Finance Pre-Construction Property Closing Costs for Pre-Construction...

Lifestyle

Save the Date for these Stellar June Events in Miami

by Sep Niakan | May 20, 2017

With summer here, Miami turns up the heat with the hottest events lining up for the month of June. You can find a new way to spend each day, whether it's catching up on international cinema, going on a food-eating spree, or peering over the...

Lifestyle

The Top Ten Highest-Rated Restaurants in Miami

by Sep Niakan | May 14, 2017

It’s no secret how Miami’s local food scene is going global with innovative restaurants populating the landscape. We’ve got locals to tourists and even celebrities raving about how Magic City's culinary scene has grown leaps...