The house features 10 bedrooms, 11 baths decorated with Italian marble, an observatory room and a big pool.

Gianni Versace bought the house and its adjacent lot in 1992 for a little under $10 million and then put another $33 million in the property to upgrade it, adding a 6,100-square-foot south wing, a 54-foot-long mosaic-tiled pool lined with 24-karat gold, a mosaic-covered courtyard and frescoes on the mansion’s walls and ceilings.

“Casa Casuarina” is facing the Atlantic Ocean, the owners can enjoy unique views from their rooms.

Peter Loftin, a telecom entrepreneur, purchased the property back in 2000 for $20 million. After using it as a residence for several years, Mr. Loftin turned the home into a boutique hotel with a restaurant and opened it in late 2009 as the Villa by Barton G.