The South Beach mansion once owned by Italian designer Gianni Versace is headed for the auction block.
Fisher Auction Company is handling the sale, which is scheduled for Sept. 17. The 23,000 square-foot oceanfront mansion had previously been listed for $125 million.
Originally built in 1930, the 10-bedroom, 11-bathroom, gated home features a 54-foot 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. "We feel this beautifully appointed estate will draw significant attention from prospective buyers around the world."
The home at 1116 Ocean Drive received national attention in 1997, when Versace was fatally shot in front of the property. He had purchased the home in 1992 and spent about $33 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. Bidders must be prequalified and place a $3 million deposit.