Gianni Versace’s House in Miami Can Be Yours for $125 million
**Update*** We originally posted this article back in June, today the price of Gianni Versace’s mansion has been sliced 20% from $125 million to $100 million… Are you interested in owning Gianni Versace’s house in South Beach Miami? Do you have an extra $125 million laying around? Well then we have good news for you. Versace’s massive beach front mansion, that was converted into an ultra-exclusive hotel and club after the fashion designer’s tragic murder, has been put up for sale, and yes your eyes are not deceiving you the listing price is $125 million! Located at 1116 Ocean Drive, Miami Beach, FL 33139, Gianni Versace’s House is 23,000 square feet and features 10 bedrooms, 11 bathrooms, a 12 car garage, lavish interiors, a pool that is lined with 24 karat gold and much more!
Take a Tour of Gianni Versace’s House:
Legend has it that Versace bought the house in 1992 for $10 million after walking by it once and falling in love. Gianni promptly spent an additional $33 million upgrading, restoring and remodeling the house. Versace increased the square footage by 6000 and added the amazing gold-lined pool. It was Versace’s main residence until his tragic murder in 1997 at the hand of psychopath Andrew Cunanan. Cunanan shot Versace on the front steps of the house as he returned home from a morning walk to a local coffee shop. After his death, Donatella Versace quickly sold the house for $20 million to Florida telecom mogul Peter Loftin. Loftin eventually converted the house into an ultra exclusive hotel, nightclub and residence and renamed it “Villa by Barton G”.
At the time of his death, Gianni Versace’s net worth was $1.4 billion. He left 50% of his company to his 11 year old niece Allegra. When Allegra turned 18, six years later her net worth was $800 million. So if you had the money, would you buy this house? If not, what would you buy and where? Let us know in the comments!