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ONCE LISTED AT $125 MILLION … VERSACE MANSION SELLS AT AUCTION!

Posted by Lorea Thomson on Friday, September 20th, 2013 at 11:40am.

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The 10-bedroom Miami mansion, known as “Casa Casuarina”, was originally listed in June 2012 and then later reduced to $75 million.  Many expected the house to become the most expensive ever sold in Miami.   Bidding on the property has required very deep pockets.  It has required an opening offer of $25 million dollars.  A total of $3 million must be put in escrow and prospective buyers must show proof of a minimum of $40 million in funds.  

After more than a year on the real estate market, the estate once owned by legendary fashion designer Gianni Versace has sold.   Considered by most, at $41.5 million, the sale is a bit disappointing – 67% off the original asking in June 2012.  The estate was on FORBES’ magazine of "America’s Most Expensive Homes For Sale” list.

Versace’s former mansion has 10 bedrooms, 11 bathrooms, and an observatory.  The property was sold with all of the furnishings and artwork.  The house is a work of art complete with hand painted murals, fresco adorned walls and ceilings, and mosaic tiled courtyard (more than one million tiles) leading to an opulent 54-foot long pool lined in 24-karat gold.
 
Versace died on the front steps of his beloved “Casa Casuarina”, just five years after buying it and spending nearly $33 million on the mansion with his over the top opulence.  Gianni Versace was shot by stalker Andrew Cunanan.

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