Versace Mansion Trump Miami

Versace Mansion Sells at Auction, Outbids Trump

Casa Casuarina on Miami Beach’s Ocean drive has been sold at Auction on Tuesday (9/17/2013) to an investment group, VM South Beach LLC. Outbidding Donald Trump’s bid at $41 million, the sale comes at a 67% discount of the original $125 asking price.

VM South Beach, of the Nakash family, also owns Jordache Jeans and the Hotel Victor.

Owned by the late Gianni Versace from 1992 to 1997, Versace made $30 million dollars worth of improvements during his time of ownership, including lining its 50 foot length pool with 24 karat gold. The 23,000 square foot mansion was sold inclusive of its hand painted murals, artwork, and furnishings.

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