Home Decor: House of Versace

Via: NY Daily News

Casa Casuarina, which is still called "the Versace mansion" by locals, was initially listed for sale at $125 million in 2012. The bidding started at $25.5 million.

Casa Casuarina, which is still called “the Versace mansion” by locals, was initially listed for sale at $125 million in 2012. The bidding started at $25.5 million.

 

 

MIAMI BEACH, Fla. ā€” The new owners of the South Beach mansion where Gianni Versace lived and died said Tuesday that they hope to use the Italian fashion designer’s name and legacy in rebranding the property as a hotel.

VM South Beach LLC bid $41.5 million for the oceanfront property on Miami Beach’s touristy Ocean Drive. The company’s principals include the Nakash family of New York, which controls Jordache Enterprises.

Joe Nakash said he and VM South Beach would like to turn the Casa Casuarina, better known as the Versace mansion, into a hotel.

Joe Nakash said he and VM South Beach would like to turn the Casa Casuarina, better known as the Versace mansion, into a hotel.

 

Joe Nakash, chairman of Jordache Enterprises, said he expects to retain all the vestiges of Versace’s time in South Beach in the 1990s ā€” the snake-haired Medusa heads, a swimming pool inlaid with 24-karat gold tiles, gold-plated bathroom fixtures, custom-made mosaic floorings and frescos and the throngs of tourists who still routinely stop to have their picture taken on the front steps where the designer was slain.

 

“We’re going to keep it the way it is,” Nakash said.

Nakash all the   vestiges of Versace, including this 54-foot mosaic pool lined with 24-karat gold, will remain the same.

Nakash all the vestiges of Versace, including this 54-foot mosaic pool lined with 24-karat gold, will remain the same.

 

“We’d like the public to use it, so we’re going to create a hotel that will be consolidated with the Victor,” Nakash said. “We’re going to use the name Versace after we receive OK from the family.”

Though the Versace family hasn’t owned the oceanfront mansion since 2000, auctioneers hoped the designer’s legacy would attract potential buyers. Celebrities and investors worldwide expressed interest, but in the end, only three bidders emerged, said Lamar Fisher, president and CEO of Fisher Auction Company, which was appointed by a bankruptcy court.

Bidding started at $25.5 million and rose in $500,000 increments under a tent next to the mansion’s 54-foot-long swimming pool, Fisher said.

“Have you ever been inside? You will understand how beautiful it is. The art, the pool, everything,” Nakash said.

Even if the Versace family declines to license their name, Nakash said he planned to honor the designer with a plaque marking where he died.

Dan Golinsky, who works in real estate in Miami, still has his Casa Casuarina membership card in his wallet. Standing outside the mansion, he said the bidders knew the property came with a cache they could extend to their wealthy clientele.

“The whole thing has its own persona that obviously still speaks well for what Versace did in renovating it and bringing that prominence to Miami Beach,” Golinsky said.

Versace and an entourage of celebrity friends that included Madonna, Cher and Elton John helped change South Beach from a retirement community known as “God’s waiting room” to the party-centric, international tourist destination it is today.

The designer bought a neglected three-story, Mediterranean-style home, originally built in 1930 by Standard Oil heir Alden Freeman, and a dilapidated hotel next door in 1992 and spent $33 million on renovations. The 23,000-square-foot mansion has 10 bedrooms, 11 bathrooms and an open-air courtyard.

Versace was fatally shot in 1997 by serial killer Andrew Cunanan, who later shot himself as a police search closed in on him.

Versace Mansion in Miami Beach

Such a beautiful house! I remember visiting it years ago during a Miami trip. It’s so tragic though that Versace died in the house, just like art the house is tragic and full of history. I am glad it is going to be turned into a hotel, although I think it would be better suited as a museum! House of Versace just like the House of CoCo Chanel in Paris.

What do you guys think?!

 

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