Why it will sell now…? The world’s billionarires are on a buying spree.
In 1997 the world gasped as Gianni Versace was shot to death on the doorstep of his Miami Beach mansion by a serial killer whose face had been gracing America’s Most Wanted for several weeks. After the tragic shooting, the house, now notorious, sat empty until 2000 when an entrepreneur named Peter Loftin bought it. The new owner restored the 23,400-square foot home, conserving the fashion designer’s touches and converting the space into a high-end boutique hotel. Less than a week ago, Loftin listed the storied estate for sale. The price: an astounding $125 million. It is now one of the two most expensive homes for sale in the U.S. (the other being L.A.’s $125 million Fleur de Lys estate)….Loftin decided to “bring out” Casa Casuarina now for the same reason that many high-end home owners in other parts of the country have been debuting their real estate trophies this year: the world’s billionaires are buying. For example, in New York City casino magnate Steve Wynn recently snatched up the Ritz Carlton penthouse for $70 million and another anonymous billionaire family went into contract last month on a $90 million-plus penthouse in the One57 development. Hedge fund titan John Paulson recently spent $49 million on Hala Ranch in Aspen.
By Megan Brennan, June 13, 12 Forbes
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