Versace mansion drops asking price to $100 million

Casa Casuarina

The Casa Casuarina estate, the former mansion of designer Gianni Versacci, has dropped its asking price according to Coldwell Banker’s Jill Eber and Jill Hertzberg, who have the exclusive listing on the property.

The 19,000-square-foot home, which is located at 1116 Ocean Drive in Miami Beach, has dropped its price to $100 million from $125 million.

The 10-bedroom, 11-bedroom home was put on the market in June. It is marked by a 54-foot-long mosaic pool lined with 24-karat gold.

“I am delighted that the owner made this decision, as we are entering a very exciting season,” Eber said in a statement. “We have many local and international buyers who are keenly interested in our community, and by moving the price now, we open the property up to many more perspective buyers.”

Versace paid $10 million for the home in 1992, and was murdered just outside the property five years later.

Seller Peter Loftin, a telecom mogul, paid $20 million for the property in 2000.

The mansion, in which Ponzi schemer Scott Rothstein was once an investor, has been the target of a number of legal actions since 2011.

November 09, 2012 02:27PM
By Alexander Britell


About Sonia Quesada

For over 14 years I have represented buyers and sellers in south Florida. My experience includes luxury homes, vacation homes, residential, and income generating properties. I am extremely familiar with the large variety of housing options available. If it is a condo on the beach, a single family home near a particular school, a maintenance-free villa conveniently located near shopping, or an estate home in a private golf course community, I will find it for you or help you sell it. When it is time to sell, in today's market, price is paramount. My most important job is to tell you the truth about market conditions and to price your home correctly. This information is crucial so you can make the smartest decision for your future. I work with each client personally to find the best solution to their situation and remember, “Your satisfaction is my #1 priority.” I am dedicated to serving your best interests whether you are buying or selling. I look forward to working with you, please call me for your free Comparative Market Analysis (CMA) or to see how I may assist you. You may reach me at 786.486.8174 or by e-mail - I look forward to working for you!
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