Deadline day for Versace Mansion auction

Auction scheduled for Sept 17


MIAMI BEACH, Fla. – Thursday is the last day for bids on the Versace Mansion.

The villa at 1116 Ocean Drive was built in 1930. It's had many names, but is most well-known as the former home of Italian designer Gianni Versace, who was fatally shot on its steps in 1997.

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.

Fisher Auction Company is handling the sale of the 23,000 square-foot oceanfront mansion, which is scheduled for Sept. 17.

Prequalified bidders must show they have at least $40 million to spend and be able to place a $3 million deposit. The asking price fell to $75 million -- with a minimum bid of $25 million.