MIAMI BEACH, Fla. – Local 6 news partner WPLG in Miami is reporting that a corporation had the winning bid for the South Beach mansion that once belonged to Gianni Versace.
VM South Beach LLC bid $41.5 million Tuesday for the oceanfront property on Miami Beach's touristy Ocean Drive.
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The Miami Herald reports that VM South Beach's principals include the Nakash family of New York, who control Jordache Enterprises.
"It's a very small price to pay for this villa, the former Versace [Mansion], very small price -- $41.5 million is small," said Joe Nakash.
Gianni Versace bought the property in 1992. He was fatally shot on its steps in 1997 by a serial killer. His family sold it in 2000, and it operated as a private club and then as a boutique hotel until earlier this year.
The mansion has 10 bedrooms, 11 bathrooms and a 54-foot-long swimming pool lined with 24-karat gold tiles. Versace spent $33 million renovating it.
It was initially listed for sale at $125 million.