Versace mansion drops asking price to $100 million

The Casa Casuarina estate, the former mansion of designer Gianni Versacci, has dropped its asking price according to Coldwell Banker’s Jill Eber and Jill Hertzberg, who have the exclusive listing on the property. 

The 19,000-square-foot home, which is located at 1116 Ocean Drive in Miami Beach, has dropped its price to $100 million from $125 million.

The 10-bedroom home was put on the market in June. It is marked by a 54-foot-long mosaic pool lined with 24-karat gold.

“I am delighted that the owner made this decision, as we are entering a very exciting season,” Eber said in a statement. “We have many local and international buyers who are keenly interested in our community, and by moving the price now, we open the property up to many more perspective buyers.”

Versace paid $10 million for the home in 1992, and was murdered just outside the property five years later.

Seller Peter Loftin, a telecom mogul, paid $20 million for the property in 2000.

The mansion, in which Ponzi schemer Scott Rothstein was once an investor, has been the target of a number of legal actions since 2011.