Tuesday, 12 June 2012

Gianni Versace's Miami Home Is Now For Sale

The 10-bedroom, 11-bathroom Miami home that once belonged to Gianni Versace is on sale with an asking price of $125 million. The property holds a somber place in fashion history: Versace was walking up the steps of the house, known as Casa Casuarina, when he was murdered in 1997.

Versace bought the property, which was built in 1930, in 1992. He spent an estimated $33 million renovating the house, decorating each bedroom in a fantasy theme and adding a pool house.

Peter Loftin, a telecommunications entrepreneur, bought Casa Casuarina from the Versace estate in 2000 for $20 million. He lived there for several years and reportedly did not change Versace's original decorations. In 2009, he reopened the home as a boutique hotel and restaurant called Villa by Barton G.

"Every room is a work of art,'' said Loftin's real estate agent Jill Eber. "If the person buying it is not already a celebrity, it gives them instant celebrity status — if they want it."

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