Billionaire Thomas Sandell Offering Versace Mansion in Manhattan for Reduced $55M

Billionaire Thomas Sandell Offering Versace Mansion in Manhattan for Reduced $55M

Published: October 5, 2023 | By: American Luxury Staff

Behind grand limestone walls on Manhattan’s coveted Upper East Side, an opulent six-story townhouse that once housed fashion icon Gianni Versace now awaits its next steward. The property hit the market last year with a $70 million price tag that was subsequently reduced to $60 million. Now asking $55 million, this Baroque palace provides over 14,000 square feet of unrestrained luxury, its every inch an ode to Versace’s legendary maximalism and couture flair.

Through the grand double doors, a dramatic marble gallery astounds with a sweeping staircase, inlaid geometric floors, and soaring ornamented columns. Regal parquet, intricate friezes, and pyramidal skylights continue the over-the-top elegance. The dazzling spaces culminate in the Sistine Chapel-esque great room, its painted ceiling and gilded paneling sourced from a Florentine palazzo.

The lavish primary suite indulges with a spa-like dual bathroom adorned in gold molding and a marble Jacuzzi. A Moroccan media room, game lounge, and rooftop terrace offer glamorous entertaining. The estate’s pièce de résistance is the hauntingly beautiful backyard garden oasis overlooked by the full-width balcony.

Current owner Thomas Sandell meticulously restored Versace’s original vision, offering a rare chance to own the legendary designer’s NYC home. The theatrical townhouse exemplifies Versace’s skill merging Baroque grandeur, Renaissance inspiration, and modern luxury into an unabashed celebrity abode. Through each hand-painted, mosaic-lined room, Versace’s ethos echoes beauty that must dazzle unapologetically. For connoisseurs of fashion history and design bravura, this singular trophy residence promises a brightly colored, proudly embellished hideaway in the heart of Manhattan.

Sandell’s net worth is north of $1 billion.

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5738 October 5, 2023 Real Estate October 5, 2023