The Jills are pleased to announce that we’ve concluded one of the most historic and record-breaking real estate closings in South Florida history – the iconic and world-famous Versace Mansion, known also as the Casa Casuarina, was finally sold for $41.5 million at yesterday’s high-profile auction.
The lucky buyer was Joe Nakash of the Nakash family, who are the founders of Jordache Enterprises and the adjacent Victor Hotel. Plans call for the mansion to be turned into an ultra-luxurious hotel, which will no doubt be one of the most popular attractions in the region. With 10 bedrooms, 11 bathrooms, and an immense living area of over 23,400 square feet, there’s plenty of potential.
Needless to say, this renowned sale reverberated across the nation, with numerous media outlets reporting on it. These included CNN, The Huffington Post, WSVN, The Arizona Daily Star, and still more. Most sources noted the sheer opulence of mansion, as well as the prominence of many of the bidders, which included the Trump Group. Several publications even quoted our Jill Eber and Jill Hertzberg, who offered details on this amazing property.
Enticingly located on 1116 Ocean Drive, the Versace Mansion is one of the few Miami Beach Homes to be situated on iconic Ocean Drive, thereby surrounded the finest beaches, clubs, restaurants, and boutiques in South Florida. Many of this city’s main attractions can be reached in just a short walk, including the pristine beach right across the street – this will no doubt make it an attractive hotel.
First built in 1930, during the first heyday of South Florida real estate, the historic residence retains its unique classical charm, combined with the world-class appointments, decorations, and finishes that reflect former owner Gianni Versace’s visionary $33 million renovation. These include hand-painted walls, multicultural accents, stunning ceiling frescos, and a unique design that characterizes every individual room. Outdoor features include a 24 karat gold-lined pool and a well-manicured courtyard complete with contemporary art pieces.
It goes without saying that The Jills are very proud of this significant sale, and congratulate the lucky buyer.