In 1992, Versace purchased the original house for $2.95 million and the Revere Hotel next door for $3.7 million. He spent an astonishing $32 million on renovations that included demolishing the Revere to make way for a pool, garden, and new south wing of the home.
Versace turned the 24 apartments into 10 large suites in the original house.
The designer built an additional two suites in the south wing.
He lined the pool with 24-karat gold tiles.
The Victor Hotels group paid $41.5 million for the property at a 2013 auction. (Donald Trump reportedly put in a bid, too.)
Read more: http://www.housebeautiful.com/design-inspiration/celebrity-homes/g14762522/versace-mansion-hotel-miami-beach/