The popular touristic spot and one of the most expensive properties in South Beach and the U.S. for that matter is for sale. The All My Sons of Jacksonville found out the mansion where fashion designer Gianni Versace lived and died in 1997 is for sale for a whopping $125 million. This property is right across from the beach on Ocean Drive and has been operated as a boutique hotel for a little while, operating as The Villa by Barton G since 2009. Rooms went for about $895 a night. This mansion has 10 bedrooms and 11 baths. It’s a three-story home with 23,462 square feet. Versace bought this Miami Beach property in 1992 for $2.95 million as well as the historic Revere Hotel next door which he demolished. Renovations are said to have cost $33 million, adding a 54-foot mosaic pool lined in 24 karat gold. After Versace’s murder the home was sold for $19 million to a corporation headed by a telecom entrepreneur who lived in it for several years. This South Beach mansion however is subject to several lawsuits.
So what do you think, will this mansion sell fast? Do you think it will sell for its asking price?
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