Frescoed bedrooms, a gold kitchen and a Medusa mosaic in the courtyard: Lavish Miami mansion, where Gianni Versace was killed, hits market for $125m
17:54 GMT, 8 June 2012
The famously extravagant South Beach mansion once belonging to the late and great fashion designer, Gianni Versace, has been put on the market for a mind-blowing $125million.
Known as Casa Casuarina, the ten bedroom 11 bathroom palace on the exclusive Miami Beach strip of South Beach is being sold by its current owner, telecom magnate Peter Loftin.
The telecom entrepreneur bought the luxury mansion in 2000 and converted the residence into a boutique hotel and private club in 2009.
Opulence: Gianni Versace's old home in South Beach, known by most as Casa Casuarina though now a hotel owned by Peter Loftin, has been listed for $125million
Design marvel: Though the designer behind Villa by Barton G, refurbished the 23,000 square foot space, the style is very much in keeping with the lavish tastes of its former owner
Those who have toured the incredible
property maintain that the once gold-lined swimming pool and museum quality
frescoes are just a few of the lavish features that contribute to the
hefty price tag.
In fact, such is its value, property experts refer to the luxurious villa as a 'trophy property', reports the Wall Street Journal.
Palatial: Peter Loftin, a telecom entrepreneur, bought the mansion in 2000 and resided there before its conversion into a boutique hotel in 2009
Boutique: The Versace motif remains on the floor of one of the hotel suites, a tribute to the designer who spent $33million renovating and expanding the property after he bought it in 1992
Prints and patterns: The villa was originally built in the 1930s by architect Alden Freeman as an homage to the oldest existing house in the western hemisphere in Santo Domingo
Lavish: The hotel still features the murals and frescoes painted on the walls and ceilings by Mr Versace, a detail that contributes to the hefty $125million price tag
The now legendary Italian designer
bought Casa Casuarina in 1992 for just under $10million after allegedly
passing by and falling in love with it.
Originally built in the 1930s by architect Alden Freeman, the Miami Beach property was somewhat dilapidated until Mr Versace invested $33million into restoring and improving the property.
Ocean view: Villa by Barton G looks out onto the Atlantic from its Miami Beach location, an exclusive section of the South Beach strip
A step in the wrong direction: Mr Versace was tragically killed at the entrance to Casa Casuarina in 1997 by Andrew Cunanan who committed suicide shortly after
Once an architect himself, the
flamboyant designer added a 6,100 square foot south wing and a 54ft pool
lined with 24-karat-gold.
The impressive courtyard he covered in thousands upon thousands of individual mosaic tiles while elaborate
frescoes were painted across the property's walls and ceilings.
Illuminating: A skylight brightens up the original interior designed by Gianni Versace in the famously ornate home that he bought in 1992 after falling in love with the property
Grandeur: The couturier added a 6,100 square foot south wing to the property and covered the courtyard in thousands upon thousands of individual mosaic tiles
Kids room The property cost Mr Versace $10million and though he plugged $33million of his own money into its renovation, after his death his family made a quick sale for only $20million to its new owner
Residential palace: The one acre property featured ten bedrooms, 11 bathrooms, seven fireplaces, a garage for 12 cars and a guesthouse
Indeed it was Mr Versace's pride
and joy until the fateful June day of 1997 when Andrew Cunanan
assassinated him in cold blood on the very steps of the house.
Icon: Missed by the fashion world, the late Gianni Versace was once an architect
When Donatella Versace scrambled to sell
off the designer's assets, Mr Loftin gained from a quick bargain and
bought the villa for a cool $20million.
After residing there himself for a
number of years, he turned the opulent property into a boutique hotel.
The property is now known as Villa
by Barton G after the events impresario Barton G. Weiss who renovated and re-styled it .
Nowadays, according to the hotel's website, the decor 'takes up style where fashion designer Gianni Versace left off.'
Boasting 23,400sq feet, the ornate
house includes seven fireplaces, a guest house and a parking garage
large enough for a dozen cars, and all within a one acre plot.
For the past three years hotel guests have enjoyed the surrounding attractions of Miami's historic Art Deco district while re-energising from the day poolside or in one of two of the residence's lounges.
Coldwell Banker's Jill Eber and Jill Hertzberg, known to many as 'The Jills' are representing Mr. Loftin in the sale.
is now seeing prices like it's never seen before, with an influx of
international buyers, so it's the perfect time to sell this trophy
property,' Ms Eber told the Wall Street Journal.