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  • REAL ESTATE: The Versace Mansion where Gianni Versace was tragically shot and killed in July, 1997 sold today at auction for $41.5 million. The mansion was built in 1930 by architect and philanthropist... CLICK TO READ MORE
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After more than a year on the real estate market, Miami’s Versace Mansion finally sold for $41 million in a closed-door auction this summer. For those keeping score, that’s an $83 million discount from the home’s original $125 million listing price. The infamous property was bought by the Nakash family, owners of iconic ’80s denim brand Jordache, according to The Real Deal. The Nakash’s company, VM South Beach, is the chief creditor in the mansion’s foreclosure case.The Versace Mansion had trouble finding a buyer from the get-go. Originally listed for $125 million in June of 2012, the home was the most expensive in America at the time. A few months later, however, it was price-chopped down to $100 million, then $75 million, and finally slated for bankruptcy auction. [See & Read More]

The Nakash family reportedly plans to turn the storied mansion into a boutique hotel bearing Versace’s name. Fashion designer Gianni Versace originally bought the home in 1992 for $10 million, and invested $33 million into the property, adding a 6,100-square-foot wing, 54-foot-long mosaic-tiled pool (lined with 24-karat gold), and frescoes on the home’s walls and ceilings. He was murdered outside the property in 1997 by Andrew Cunanan. Tourists and fans still visit the home to take pictures on the steps where Versace died, which could explain why the estate had so much trouble finding a buyer.

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Welcome to 1116 Ocean Drive in Miami, the infamous Versace Mansion. These are the steps where fashion designer Gianni Versace was murdered in 1997.

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Versace originally bought the home in 1992 and spent $33million renovating it.

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He added mosaics, a pool lined with gold, and 6,100 square feet with a new south wing.

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There’s even a luxurious hookah lounge inside the mansion.

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The massive 23,400-square-foot home has 10 bedrooms.

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With columns, Moroccan couches, and a chandelier, this humongous suite has just about everything.

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Many of the mosaics on the walls, ceilings, and floors were added during Versace’s refurbishing of the home.

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This curtained, sunken tub with gold shower head is pretty fancy.

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Here’s a close up of one of the fountains in the main courtyard.

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There are plenty of opulent details throughout the home, like these stained glass windows, wall frescoes, and intricate staircase railing.

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One last look at the tiled backyard and pool that Versace added himself.

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[via Financial Post]

Read 3892 times Last modified on Wednesday, 12 August 2015 00:37

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