After more than a year on the real estate market, Miami’s Versace Mansion finally sold for $US41.5 million in a closed-door auction today.
For those keeping score, that’s an $US83.5 million discount from the home’s original $125 million listing price.
The infamous property was bought today 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 $US125 million in June of 2012, the home was the most expensive in America at the time.
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 $US10 million, and invested $US33 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.
Welcome to 1116 Ocean Drive in Miami, the infamous Versace Mansion. These are the steps where fashion designer Gianni Versace was murdered in 1997.
If you can believe it, this living room with telescope, leather couches, and exposed-beam ceiling is one of the most bland rooms in the house.
Many of the mosaics on the walls, ceilings, and floors were added during Versace's refurbishing of the home.
There are plenty of opulent details throughout the home, like these stained glass windows, wall frescoes, and intricate staircase railing.
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