Casa Casuarina, aka the Versace House,
was built in 1930 and modeled after the Alcazar de Colon in Santo Domingo, a residence built in 1510 by the son of Christopher Columbus and reputedly the oldest existing house in the western hemisphere.
Gianni Versace purchased the building in 1992 for $2.9 million. After receiving city approval, he demolished the hotel next door, and a two-story, 6,100-foot addition was built, transforming it into Versace’s Miami Beach house.
Peter Loftin, a telecommunications billionaire, purchased the house from the Versace Estate in September 2000 for approximately $19 million and has since resided there from time to time.
The City has allowed Mr. Loftin to convert Casa Casuarina–the scene of Versace’s 1997 murder, into a member’s only club. The house is also available for private events
It has just gone on the Market, at an asking price of 125 million dollars.