3029 Brickell Avenue
3029 Brickell Avenue, as listed on Compass.com.
  • A German shepherd dog is selling a nine-bedroom waterfront mansion in Miami, AP reported.
  • Madonna previously owned the mansion until selling it to the trust of Gunther VI, the dog, in 2000.
  • Gunther VI's trust, which originates from an ancestor's wealthy owner, is worth nearly $500 million.
  • For more stories, go to www.BusinessInsider.co.za.

A German shepherd dog called Gunther VI is selling a Miami mansion that was previously owned by pop singer Madonna, AP reported.

The 1.2-acre waterfront property went on sale on Wednesday with an asking price of $31.75 million (the equivalent of R495 million) — a huge jump from when Madonna sold the villa to Gunther's trust in 2000 for $7.5 million, according to Miami's property appraiser.

The dog's wealth can be traced back to his ancestor, Gunter III, who inherited millions of dollars from his owner, German countess Karlotta Liebenstein, who died in 1992.

Since then, the dog's bloodline has been looked after by handlers, and heirs to Gunter III are due to inherit the money indefinitely

Gunther VI's trust is worth almost $500 million, having grown hugely through savvy investments.

The listing on the real estate agent's website says that the dog's mansion overlooks Biscayne Bay and has nine bedrooms, eight and a half bathrooms, and a swimming pool. The property is one of six waterfront homes and is minutes away from Miami Beach, per the listing.

"He lives in Madonna's former master bedroom," Ruthie Assouline, the real estate agent who is managing the sale of the property along with her husband, Ethan Assouline, told AP. 

Insider has contacted Ruthie Assouline for comment.

Carla Riccitelli, one of Gunther's caretakers, told AP that she's part of a board that oversees the trust. The board makes decisions about when to buy and sell real estate in the trust.

The German shepherd, whose main home is in Tuscany, joins in with the real estate agents' meetings, travels on private jets, and has meals cooked by a chef, Riccitelli told AP.

See the virtual tour of the mansion here:

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