Florida Home Loans News

Versace Mansion Sells at Auction for $41.5 Million

(AP) – A corporation had the winning bid for the South Beach mansion that once belonged to Gianni Versace. VM South Beach llc bid .5 million Tuesday. Versace spent $33 million renovating it. It.

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 · 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 Mansion Sale Falls Short of Expectations The South Beach mansion, once owned by Italian fashion designer Gianni Versace was sold at auction for $41.5 million to VM South Beach, the property’s mortgage holder, by Fisher Auction Co.

Known as Casa Casuarina, the property once owned by Gianni Versace was sold to VM South Beach, the property’s mortgage holder, for $41.5 million during an auction today at the famous South Beach home.

Versace Mansion Sells at Auction for $41.5 Million The Versace Mansion has sold at auction for $41.5 million. 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.

Gianni Versace’s former Miami home is officially off the market. Casa Casuarina sold at auction for $41.5 million on Monday to a business group that includes the owners of the Jordache denim label.

After years of litigation the property was put up for sale again last year for US$125 million, later reduced to USS$75 million and finally sold yesterday at auction for US$41. 5 million. Versace.

 · Versace mansion sells for $ 41.5 Million via auction. A bit disappointing considering this palatial home, known as Casa Casuarina, was listed at $ 125M and expected to be South Beach’s first $ 100M sale. The new owners, the Nakash family, who control Jordache Enterprises, plan to combine the property with the hotel next.

 · UPDATE: The Nakashes will be turning the house into a boutique hotel, to be operated in conjunction with the Victor Hotel next door. 10:30: It’s official: The Versace Mansion sells for $41.5.

 · The Versace mansion was sold at a court-ordered bankruptcy auction for $41.5 million a few hours ago to a group that includes New York’s Nakash family, the.

The famed Versace Mansion in Miami Beach, Florida sold for $41.5 million at auction on September 17, 2013. The 23,000 square foot compound was formerly owned by Italian designer Gianni Versace who was shot dead on the steps to the mansion on July 15, 1997. Versace purchased the historic home in.

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