Versace Mansion Goes To Bankruptcy Auction

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After filing for bankruptcy in 2013, it was bought at auction for a $41.5 million cash deal with VM South Beach, LLC and turned into a boutique hotel. Though the Versace family took many of the.

Though the Versace family hasn’t owned the ocean-front mansion since 2000, auctioneers hope the Italian designer’s legacy will attract bidders to the miami beach property when it goes up. this year.

Donald Trump has submitted the $3 million deposit necessary to bid on the Versace mansion in South Beach during a bankruptcy auction tuesday morning, two sources close to the auction said late Monday.

Almost $700,000 of the $41.5 million sale price of Gianni Versace’s former South Beach mansion will go toward the estate of Ponzi schemer Scott Rothstein’s law firm, an attorney for the mansion’s.

Versace Mansion Sale Falls Short of Expectations The Versace Mansion has sold at auction for $41.5 million. When the Versace mansion first hit the market, it was priced at $125 million. Two price cuts and a few months later, the home was listed at $75 million. When the property headed to bankruptcy auction, the stalking horse bid started at $25 million.

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The Versace mansion will go to bankruptcy auction on Sept. 17, listing broker Jill Eber told The Real Deal. Bidders will need to deposit $3 million into escrow and show proof of funds of $40 million, confirmed Eber, of the Coldwell Banker team The Jills.

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Versace Mansion heading to Bankruptcy Auction 1116 Ocean Drive, Miami Beach, Florida, United States, 33139. One of the most well known homes in Miami Beach is set to go to auction on September 17. The 23,000 square foot compound was formerly owned by Italian designer Gianni Versace who was shot dead on the steps to the mansion on July 15, 1997.

The 23,000-square-foot mansion, now known as Casa Casuarina, will go on the block at a bankruptcy auction on September 17, according to Lamar Fisher, president of the Fisher Auction Company.

The mansion formerly owned by fashion designer Gianni Versace in Miami Beach, Florida is to go under the hammer at a bankruptcy auction – with minimum bids for the Ocean Drive pad set for $25m (16m)