Versace mansion to go on auction

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26 Jul 2013

The house spans more than 23 000 sq ft and had previously been listed for as much as $125 million.

The oceanfront Miami South Beach mansion formerly owned by Italian fashion icon Gianni Versace is up for auction.

A bankruptcy court has appointed Fisher Auction Company to handle the sale  in conjunction with Coldwell Banker Residential Real Estate's high-profile Miami-based realtors' The Jills, Jill Hertzberg and Jill Eber.

The mansion, now known as Casa Casuarina, spans more than 23 000 square feet and had previously been listed for as much as $125 million. The estate was constructed in 1930 and includes ten bedrooms, eleven bathrooms and features a 54 foot mosaic pool lined with 24 carat gold.

Bidders must be prequalified and place a $3 million deposit.

Versace bought the mansion in 1992 and spent $33 million renovating the property by adding another wing and making numerous upgrades. It was also the scene where he was tragically gunned down by spree killer Andrew Cunanan in 1997 and the property was later purchased by its current owner in 2000. 

It can be used for residential or commercial purposes and for the past several years, has operated as a ten room boutique hotel. The Villa By Barton G closed earlier this year.   

The auction will be held on Thursday, September 17 at 10am at the estate, 1116 Ocean Drive, Miami Beach, 33139. Registration will begin at 9am and bidders must be prequalified and place a $3 million deposit.

The estate includes ten bedrooms and a 54 foot mosaic pool lined with 24 carat gold.

Lamar Fisher, President and CEO of Fisher Auction Company, says they are pleased to have the opportunity to manage the sale of the one-of-a-kind property. "We feel this beautifully appointed estate will draw significant attention from prospective buyers around the world."

For more information, click here.

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