Bling Miami mansion by Versace architect sells for $7M discount

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A waterfront Miami mansion designed by the late Gianni Versace’s favorite architect has finally sold for $13 million, Gimme Shelter reports exclusively.

The sprawling estate on the Venetian Isles first hit the market for $20 million in 2019 and was last asking $13.5 million. The villa at 921 N Venetian Drive is a massive 27,250 square feet and comes with 175 feet on Biscayne Bay.

It was designed by Lorenzo Carmellini, the Milan-based architect who created Versace’s homes and boutiques — often with his late partner, Rocco Magnoli. This home, built with imported Italian materials and artisans, took almost eight years to complete. The materials alone cost $6 million, the brokers say.

Details include Carrara marble floors, onyx bathrooms, elaborate wood work, coffered ceilings, a formal dining room, a large outdoor kitchen, a mosaic swimming pool — and a deep water dock big enough for a yacht. 

921 N Venetian Drive was designed by Versace architect Lorenzo Carmellini
Allan Kleer & Fabian Garcia-Diaz, ONE Sotheby’s International Realty
It weighs in at a massive 27,250 square feet.
It weighs in at a massive 27,250 square feet.
Allan Kleer & Fabian Garcia-Diaz, ONE Sotheby’s International Realty
There are Versace-esque touches throughout.
There are Versace-esque touches throughout.
Allan Kleer & Fabian Garcia-Diaz, ONE Sotheby’s International Realty
It was sold by the estate of the late, Texas-based financier Ken Hill.
It was sold by the estate of the late, Texas-based financier Ken Hill.
Allan Kleer & Fabian Garcia-Diaz, ONE Sotheby’s International Realty
It comes with 175 feet on Biscayne Bay.
It comes with 175 feet on Biscayne Bay.
Allan Kleer & Fabian Garcia-Diaz, ONE Sotheby’s International Realty
And it boasts city views.
And it boasts city views.
Allan Kleer & Fabian Garcia-Diaz, ONE Sotheby’s International Realty

Allan Kleer and Fabian Garcia Diaz with One Sotheby’s International Realty represented the seller, the estate of the late, Texas-based financier Ken Hill. The buyer appears to be trader/investor Josh Patkin, who posted some “closing” photos by the home on his social media. 

The mansion is composed of two separate lots. Hill bought the first for $3.7 million in 2009 and the second for $2.82 million in 2013. The gated, two-story manse comes with five bedrooms and five and a half bathrooms. 

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