Gianni Versace’s New York mansion is on sale for $70 million

A lavish property of late designer Gianni Versace is up for grab. Priced at $70 million, it is a 35-foot-wide Neoclassical limestone property. The mansion, built-in 1950, offers the buyer a chance to “live like royalty” and “own a piece of real estate and fashion history,” the listing says. In 1995, Versace paid $7.5 million for this home, which in today’s value would be $14.34 million.

Versace’s genius and vision

The garden level features hand-painted canvas walls and a marble stairway. It has a gallery with a gorgeous Greek key pattern border. Moreover, it has 17 bedrooms, 6 floors, 14,175 square feet, and 3,025 square feet of internal and external space respectively. Each floor has a different pattern and theme to it.

With 17 luxurious rooms spread across six floors, the property overlooks Fifth Avenue and borders Central Park. Every floor in the mansion has a different theme.

“Versace’s genius and vision is revealed over the first 4 floors, each presenting the designer’s legendary taste and permeating the home,” the listing said.

The property also features French-style windows that overlook a trellised garden below. The green space is also visible from a balcony that extends the length of the back of the house. A roof terrace with a gazebo with views of Fifth and Madison avenues is located on the upper level. Furthermore, the new owner can accommodate up to nine bedrooms inside. The listing mentions the remodeling of the eat-in kitchen recently.

A magnificent legacy left by Gianni Versace

Swedish hedge-fund manager Thomas Sandell, 61, and his 46-year-old wife Ximena Sandell are the current owners of the New York property. According to the Journal, they bought the house from the Versace family for $30 million in 2005. Versace’s finishes are still available on four floors of the building to this day. There have been a lot of changes to these details by the Sandells.

“We pursued extensive restorations and renovations with an incredible team of artists and artisans honoring the magnificent legacy left by Gianni Versace,” the couple said.

In 1978, Versace debuted his first independent collection in Milan, co-founding his company with his brother, Santo, and sister, Donatella. Seductive shapes and theatrical flare are hallmarks of his work. Versace was assassinated in 1997 on the stairs of his Miami Beach villa. Donatella Versace has continued to drive the brand’s creative concept since his death.

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