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AU Gianni Versace's mansion to be auctioned

Property Here - Thursday, July 18, 2013

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Versace Mansion

Casa Casuarina, the mansion once owned by Italian designer Gianni Versace, in Miami Beach, Florida. Source:AP

THE South Beach, Florida, mansion once owned by Italian designer Gianni Versace and the place he was fatally shot is headed for the auction block.

Fisher Auction Company is handling the sale, set for September 17. The 2100 square-metre oceanfront mansion had previously been listed for $US125 million ($136 million).

Originally built in 1930, the 10-bedroom, 11-bathroom, gated home features a 16-metre long mosaic pool lined with 24-karat gold. It also includes numerous frescos, ornate statues, arched doorways and an open-air courtyard.

"We are very pleased to have the opportunity to manage the sale of this one-of-a-kind property," said Lamar Fisher, President and CEO of Fisher Auction Company, who said the sale should draw prospective buyers from around the world.

In 1997, the 50-year-old Versace was killed in front of the property by Andrew Cunanan, who committed suicide eight days later. Versace had purchased the home in 1992 and spent about $US33 million renovating and adding another wing. Tourists can still routinely be spotted taking photos in front of the house.

The property had been operating as a 10-room boutique hotel for several years but closed earlier this year. A bankruptcy court has appointed Fisher Auction Company to handle the sale, in conjunction with Coldwell Banker Residential Real Estate.

Versace had many famous friends including Princess Diana, Madonna, Elton John and Cher.

Versace Mansion

The exterior of Casa Casuarina in Miami Beach, Florida.

Gianni Versace

Fashion designer Gianni Versace prior to his murder in 2007.

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