Fashion designer Donatella Versace has purchased a historic 15,000-square foot Italian villa in the town of Meina, overlooking Lake Maggiore.
- Barron's reports that fashion designer Donatella Versace just purchased a villa that overlooks Lake Maggiore in northern Italy.
- The lavish home has a rich history and was previously owned by Italian publisher Arnoldo Mondadori, who frequently invited famous writers like Thomas Mann and Ernest Hemingway to stay at the villa.
- The 64-year-old designer purchased the villa for approximately €5 million (roughly $5.6 million), according to brokerage firm Engel & Völkers Lago Maggiore.
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Donatella Versace has added another home to her real estate portfolio.
The 64-year-old fashion designer bought a villa previously owned by famed Italian publisher Arnoldo Mondadori. The villa was initially listed with brokerage firm Engel & Völkers Lago Maggiore, though the sale was made without their mediation, according to a press release provided by the company. Versace purchased the luxurious home (which was last asking €4.8 million, according to Mansion Global) for around €5 million (or approximately $5.6 million).
The mansion, known as Villa Mondadori, is located in Meina, a small coastal town in northern Italy that overlooks Lake Maggiore. Much like Lake Como, Maggiore is considered a hotspot for wealthy international buyers.
Read on to learn more about the estate and its history - including the famous guests who have stayed in its 20 bedrooms - and to take a closer look at the property.