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Fall Of The House Of Versace

The owners of Casa Casuarina - the Versace Mansion - have filed for Chapter 11 bankruptcy, potentially putting the house in control of a court appointed trustee. This is just the latest twist in three years of lawsuits that have swarmed around the house, which is still listed for the rather mindboggling sum of $75 million, not including the amount of money it would cost the new owners to lawyer up and straighten themselves out of this mess. Gianni's ghost can't be happy about this. [SFBJ]

Casa Casuarina

1116 Ocean Drive, Miami, FL 33139