The Real Deal Miami

Former Versace mansion listing reduced to $75M

May 22, 2013 11:00AM

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Casa Casuarina

Casa Casuarina, the former 1930s Versace mansion in South Beach, had its offer price reduced from $100 million to $75 million, according to Coldwell Banker’s listing agents Jill Hertzberg and Jill Eber, otherwise known as the Jills.

The 25-percent price cut comes on the heels of a lawsuit by current tenant, star Miami chef Barton Weiss, for an emergency injunction to remove his boutique hotel and event space without further ado, as The Real Deal reported last week.

The home of Italian couturier Gianni Versace from 1992 until he was slain outside the front entrance in 1997, current owner Peter Loftin bought the home in 2000.

Weiss, aka Barton G, filed a complaint alleging that Loftin knew of the property’s foreclosure threat before leasing it in 2009. Weiss said the property’s tenuous finances deterred business.

The 10-bedroom, 11-bathroom gated home on Ocean Drive boasts a 54-foot-long mosaic pool lined in 24-karat gold, numerous frescoes and statues, arched doorways and an open-air courtyard. –Emily Schmall

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