Curbed National: PriceChopper: Versace Villa Drops 20 Percent, Still a Staggering $100M

Curbed National Interior Design, Decor, and Real Estate

PriceChopper: Versace Villa Drops 20 Percent, Still a Staggering $100M Nov 9th 2012, 15:15 Click here to view the full photogallery. In June, Casa Casuarina, the Miami Beach villa once owned and souped up by the late fashion juggernaut Gianni Versace, hit the market for an eye-popping $125M. Well, that starry-eyed ask didn't last too long: after less than six months on the market, the mansion—which was converted to an ultra-luxury hotel in 2009 by telecom impresario Peter Loftin—has plunged by $25M to $100M. While living at Casa Casuarina, Versace poured some $30M into ostentatious details like a "54-foot-long mosaic-tiled pool lined with 24-karat gold," so it made sense that the villa, with 10 bedrooms and 23,000 square feet, was originally tied, price-wise, with Los Angeles' equally lavish Fleur de Lys as the most expensive listing in the country (and one of the most expensive in the world). Now there are a number of megamansions—one in Bel-Air, Calif., and two in Beverly Hills—that are being unofficially shopped around for $150M, putting even Fleur de Lys to shame. · Just $100 Million: Price of Versace's Former Home Is Cut 20% [WSJ] · Versace's Miami Villa Tied for Most Expensive Home in U.S. [Curbed National] · All Blockbusters Coverage [Curbed National]

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