This undated photo made available by Casa Casuarina shows the exterior of Casa Casuarina in Miami Beach, Fla. The South Beach mansion once owned by Italian designer Gianni Versace is back on the market for $125 million according to a listing posted on Friday.

Casa Casuarina, the 10-bedroom Miami Beach mansion where fashion designer Gianni Versace was shot and killed, sold at an auction today for $41.5 million to a group including the owners of Jordache Enterprises Inc.

VM South Beach LLC, whose principals include part of Jordache's Nakash family, beat a $41 million bid by Donald Trump for the property, said Ryan Julison, a spokesman for Fisher Auction Co. The deal will be taken to a bankruptcy court Wednesday for approval.

The house was sent to auction after failing to attract bidders for its $125 million sale price, later lowered to $75 million.

The mansion was sold as-is, including a double-king- size bed, rooftop observatory and gold-lined pool. The minimum bid was $25 million.

Peter Loftin, the founder and former chairman of Business Telecom Inc., bought the 19,000-square-foot house in 2000.

He placed the property in bankruptcy in July after VM South Beach, a lien holder, tried to seize control of the sales process, according to the Miami Herald.

The home at 1116 Ocean Drive, a strip frequented by Miami Beach tourists, was built in 1930 by architect and philanthropist Alden Freeman. Some rooms are lined with mosaic tiles, stained glass and paintings of topless women lying by fountains. One guest room is nicknamed the Madonna room, after the pop singer who stayed there.

Versace purchased the house in 1992 and spent $33 million expanding and upgrading the property, adding a south wing, pool and garden. He was shot in front of the house in July 1997 by Andrew Cunanan, who took his own life two weeks later. Versace's will left his interest in the family fashion house to his sister, Donatella, who later sold the residence.