Gianni Versace Mansion Hits Miami Market for $125 Million

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The Gianni Versace mansion in Miami has hit the market for $125 million.

The 10-bedroom, 11-bath home has been owned by telecom entrepreneur Peter Loftin for the last several years. After living in the home until 2009, Loftin turned it into a hotel known as The Villa by Barton G.

Versace bought the home for about $10 million back in 1992 and then added $33 million in improvements including another 6,000-square-foot wing on the home. Loftin purchased the property in 2000 for $20 million.

The oceanfront mansion also includes several artistic upgrades added by Versace when he lived there. One decadent detail: there's a 54-foot pool lined with 24-karat gold and floor to ceiling mosaics inside.

Source: The Wall Street Journal; Photo: The Villa by Barton G

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