Former Versace mansion in Miami Beach headed for bankruptcy auction

Last year Casa Casaurina, formerly owned by late big time fashion designer Gianni Versace, was listed for a whopping $125 million by “The Jills” (Jill Eber and Jill Hertzberg of Coldwell Banker Residential Real Estate) who represented the estate’s owner, Peter Loftin, a telecom entrepreneur. Later the price tag was chopped to $100 million and, failing to sell, was dropped to $70 million. For several years the mansion was used as a luxury boutique hotel named The Villa by Barton G. until recently, when it was closed down. Now the the South Beach mansion is going to bankruptcy auction.

Versace mansion (3)

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