Versace is a billion-dollar empire! When it comes to sultry, sensual, and alluring clothing designs, the fashion house hovers right at the top. And all around the world, the words “Versace” symbolizes exquisite, Italian luxury.

Miami has some of the most expensive luxury real estate in the United States. From international movie stars to professional athletes, there’s no shortage of mansions in the coastal city. But there’s one home, in particular, that’s best known for its arch...