The former Miami Beach mansion of Italian fashion
designer Gianni Versace sold for $41.5 million Tuesday, an
auction company said.
Fisher Auction Company and the Jills, a Coldwell Banker
Residential Real estate team, announced the sale of the
Casa Casuarina, formerly the Versace Mansion.
Auctioneer Lamar Fisher said the buyer was Joe Nakash,
whose family owns the Jordache denim brand. The family
also owns the Victor Hotel next door and they told Fisher that
they plan on turning the mansion into a boutique hotel.
Versace was shot dead outside the mansion in 1997. He
purchased the property five years earlier and invested $33
million on expansions including a 54-foot mosaic pool lined
with 24-karat gold.
designer Gianni Versace sold for $41.5 million Tuesday, an
auction company said.
Fisher Auction Company and the Jills, a Coldwell Banker
Residential Real estate team, announced the sale of the
Casa Casuarina, formerly the Versace Mansion.
Auctioneer Lamar Fisher said the buyer was Joe Nakash,
whose family owns the Jordache denim brand. The family
also owns the Victor Hotel next door and they told Fisher that
they plan on turning the mansion into a boutique hotel.
Versace was shot dead outside the mansion in 1997. He
purchased the property five years earlier and invested $33
million on expansions including a 54-foot mosaic pool lined
with 24-karat gold.
This price presents a drastic shortfall against the previous bids for the mansion last year which reached a whooping $125 Million.
"We are very pleased to have had the opportunity to manage
the sale of this iconic property," Fisher said. "This beautifully
appointed estate drew significant attention from prospective
buyers from around the world."
Jill Hertzberg of The Jills called the property the "crown jewel
of Miami."
"Jill Eber and I are delighted that we were able to be a part
of this once-in-a-lifetime sale," she said
the sale of this iconic property," Fisher said. "This beautifully
appointed estate drew significant attention from prospective
buyers from around the world."
Jill Hertzberg of The Jills called the property the "crown jewel
of Miami."
"Jill Eber and I are delighted that we were able to be a part
of this once-in-a-lifetime sale," she said
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