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Versace Mansion Sells for $41.5 Million

This undated photo made available by Casa Casuarina shows the exterior of Casa Casuarina in Miami Beach, Fla. The South Beach mansion once owned by Italian designer Gianni Versace was sold to mortgage holders VM South Beach LLC on September 17, 2013. (AP Photo/Casa Casuarina)

Versace Mansion Sells for $41.5 Million

The Miami Beach Versace mansion once owned by Italian fashion designer Gianni Versace and the site of his 1997 fatal shooting in Florida was sold on Tuesday for $41.5 Million. Versace spent $33 million renovating the mansion, which features a 54-foot mosaic pool lined with 24-karat gold.

The mansion was sold at an auction on Tuesday to a business group that includes the owners of the Jordache jeans brand.

The 1930s-era Mediterranean-style estate, which has 10 bedrooms, 11 bathrooms and a pool inlaid with 24-karat gold, was auctioned off as part of a bankruptcy proceeding by its current owner, telecom magnate Peter Loftin. (Reuters)