Haute Estates

Miami

German Bank WestLB Threatening to Seize Versace Mansion

German bank WestLB is threatening to foreclose on a loan made to the owners of the Versace mansion in South Beach. The bank holds a $25 million mortgage on the famous property, which is owned by former telecom tycoon Peter Loftin through a company called Casa Casuarina LLC. In court documents, the bank states that payments have not been made on the loan since January. Read More

Los Angeles

Godly Mansion Back On The Market

Where did ex-Marine Steven Wallace and founder of brokerage firm Pacific Brokerage Services decide to rest his head once the day was done? A 27,816 square foot monstrosity in Holmby Hills with three elevators, a two-story library, and three family rooms, all fit for a God. The deities were literally ingrained in this one, for the mansion even has its own nightclub, named Atlantis. Read More

Los Angeles

Fred Segal’s Laguna Beach Home Sells For $3.3M

Los Angeles-based high-end clothing retailer, Fred Segal, recently sold his oceanfront penthouse in Laguna Beach, according to public records and listing agent Suzanne Robinson of P.C. Properties. (Suzanne Robinson represented both the buyer and the seller.)Listed for $4.995 million in March 2010, the penthouse saw a $1 million price reduction in June and was just sold for $3.3 million. Read More

Miami

NBA Star, Amar’e Stoudemire Sells His W South Beach Penthouse for $5.2M

NBA star Amar’s Stoudemire has just sold his swanky W South Beach penthouse, which sold late last week and was priced at whopping $5.2M. The condo was reduced more than 20% in price; originally tagged at an estimated $6.5M for the oceanfront pad.The B-ball player bought he location straight from the W South Beach developer in July 2009 for $5,575.00. The 2,428 square feet home includes 2 bedroom, 2.5 bathrooms, and also has stunning 2,816 square feet outdoor space—that’s has a private rooftop pool as well as a summer kitchen. Read More

Loader