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Casa Casuarina, the Miami Beach, Florida house once owned by late fashion designer Gianni Versace, is on the market for $125 million. The home is located on Ocean Drive and features 10 bedrooms and 11 bathrooms. Gianni purchased the home and its adjacent lot in 1992 for just under $10 million and then invested another $33 million in the property, adding a 6,100-square-foot south wing, a 54-foot-long mosaic-tiled pool lined with 24-karat gold, a mosaic-covered courtyard and frescoes on the home’s walls and ceilings. He was killed outside the home in July 1997. Peter Loftin, a telecom entrepreneur, purchased the property in 2000 for $20 million. After using it as a residence for several years, Mr. Loftin turned the home into a boutique hotel with a restaurant and opened it in late 2009 as the Villa by Barton G. It’s currently tied with the $125 million Fleur de Lys estate as the most expensive residential property for sale in the country.

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  • Nightmoves

    Having walked past this home, it is very nice, but not $125M. Zero privacy, right in the middle of all the South Beach caos.




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  • Daniel

    Wow. Wasn’t expecting this to go on the market. While the property and the home are both outstanding, I would never want to make this my private residence. It’s turned into one VERY public tourist destination, and I wouldn’t see myself being able to escape when hundreds if not thousands of people are snapping photos of my front door on a daily basis. Add to the fact that a simple supermarket run would take about 30-45 minutes each way. I don’t think this could ever be considered a “single-family” home. Price is…ambitious. However, there truly is nothing else like this in Miami or the country for that matter. Interesting to see what it will go for.




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  • Al Robinson

    I am absolutely floored that they priced this home at $125 million. That is ridiculous!!
    I home like this should be more in the price ranch of $20 – $40 million. Even if it was owned by Versace.

    Question to the realtor: If you add in another $50, will the ghost of Versace haunt it? 😉




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  • Limedaiquar

    125 mil? I would buy it. Bulldoze it. And build something else.




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  • Brian

    Virtually everything in Palm Beach, and most mansions in Miami, including new builds, are architecturally better. So this should have vast waterfront acreage to account for the price. But then, foreign billionaires often buy by price and are largely indifferent to architecture and amenities.




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  • Grrrowler

    I love the exterior, hate the interior, despise the location, and find the asking price hilarious.




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  • george

    125 mil. I wonder just how stupid the owner and the realtor think people are?




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  • Daniel
  • Hugh

    That price made me squeel!

    There was a hotel on SB on the market for like 7 mil recently




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  • Don

    I picture the other Ecclestone daughter buying it…..




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  • Hugh

    I would also never buy a house where the owner was shot out the front.




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  • Chance

    They’re gonna have to drop $75 million off the price before it sells, and that’s still on the high end.




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  • Andrew

    I was in this house several years ago back when it was still a hotel, it’s actually quite private and quiet once you’re through the front door, although if I remember correctly there really isn’t any sort of a foyer and you basically enter onto a staircase, which seems like a pretty major drawback for a house of this asking price. Then again, I don’t know of any other house with such a prime location in South Beach so I guess there aren’t really any comparables.




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  • A.K

    I’d say $45M tops.




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  • Jeff P.

    I do not like Versace’s fashion designs, and I do not like this house. I agree with the others who would bulldoze it and build something attractive in its place.




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  • Rocco

    The interior of the “house” is atrocious, there isn’t one square foot of wall, ceiling and floor space that isn’t covered in some gaudy, tacky mess.

    Gut it or bulldoze it.




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