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.
Versace House
1116 Ocean Dr.
Miami Beach, FL 33139
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