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Versace Mansion Goes To I


t’s been a rocky road for one of Miami’s most expensive and illustrious mansions, and if houses could talk, this one would tell you the story of the joys and disappointments of its 83 years. Te mansion was built in 1930 by Alden Freeman who was an architect and philanthropist with connections to the Standard Oil fortune. He modeled the home after the Alcazar de Colon mansion in the


36 waterfrontmagazines.co.uk Auction


Dominican Republic. Alcazar de Colon was the home of the son of Christopher Columbus and the oldest existing house in the Western Hemisphere. After Freeman died in 1937 the home was purchased by Jacques Amsterdam, who called it Te Amsterdam Palace. From 1937 until 1992 when designer-to the-stars (think Madonna, Princess Diana and Cher) Gianni Versace purchased the property, the home was somewhat of a crash pad for various


hipsters and intellectuals, and the estate’s upkeep was spotty. Versace bought Te Amsterdam Palace and


an adjacent lot in 1992 for almost $10 million, and then spent millions to restore the home to its former glory. He added a 6,100 square foot south wing, a mosaic-covered courtyard, frescoes on the home’s walls and ceilings, and a gold-lined swimming pool with over one million hand-laid mosaic tiles. Versace invested


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