Former Versace home lists for $125M

The late designer Gianni Versace’s former Miami Beach home Casa Casuarina is on the market asking $125 million, according to the Wall Street Journal. The 10-bedroom, 11-bathroom, 19,000-square-foot estate was purchased by Versace in 1992 for close to $10 million. The designer had made $33 million in renovations to the property, adding a 6,100-square-foot south wing, a 54-foot-long mosaic-tiled pool lined with 24-karat gold and a courtyard before he was murdered outside the house in 1997. The mansion, which is located at 1116 Ocean Drive in South Beach, has since been converted to a hotel and restaurant by Peter Loftin, a telecom entrepreneur. It is now called the Villa by Barton G. Loftin purchased the house in 2000 for $20 million. Jill Eber and Jill Hertzberg of Coldwell Banker are marketing the property. [WSJ]