The former villa of Gianni Versace on sale

Listed for sale last June at a price of 125 million dollars (97 million euros), the luxurious villa Casa Casuarina, the former home of fashion designer Gianni Versace, is now for sale for "only" $ 100 million. Located in Miami Beach, Florida, it is one of the most expensive properties in the world.

Ricky Martin Sells Golden Beach Mansion For $12.8 Million

Ricky Martin finally sold his Golden Beach oceanfront mansion.

County records show Martin purchased the property in 2007 for $16.2 million. The Latin hit-maker hoped to grab $19 million when he put it up for sale, but settled for less after two years on the market.

Downsizing on Miami properties seems to be the name of the game for the father of two adopted twins, who just months ago sold his Miami Beach home in La Gorce barely in the black for $10.6 million.

Martin is reportedly planting more long-term roots in New York City, where he's been performing a lead role in the revival of Andrew Lloyd Webber's Evita.