MIAMI BEACH — The sprawling Miami Beach home of infamous gangster Al Capone has appeared on the market, listed for a whopping $15 million.
Capone, of course, is mainly known as a key Chicago organized crime figure in the 1920s, but he spent a great deal of time at his Miami retreat as well.
Capone purchased the Palm Island compound in 1928 (6 years after it was constructed) for a mere $40,000, a shockingly small price tag when assessed against the amount the property commands today.
The 30,000 square foot estate is situated on a private beach with views of both the Miami skyline and Biscayne Bay. Included are a 4-bedroom villa, a 2-bedroom guest house and a 2-level pool cabana.
Capone—who used the luxurious residence not just to relax but also to plot with confederates—adapted 93 Palm Avenue to his lifestyle, turning the guest quarters instead into a guardhouse. He also put in a set of gates, a 7-foot-tall perimeter wall and even searchlights to secure the property.
The gangster reportedly used the property to plan his legendary Saint Valentine’s Day Massacre, where hitmen disguised as police assassinated executed rival gang members in Chicago on February 14, 1929.
Big things were on the horizon for the home as early as 2015, when a $1.5 million renovation spruced up the property considerably, while still retaining various Art Deco aspects, as well as the 30’x60’ pool Capone was known to enjoy and prize.
Capone is believed to have said that the grand residence and the surrounding grounds reminded him “of the sunny shores of Italy,” though in fact he had never actually been to Italy.
After his conviction and eventual release for tax evasion, Capone spent the remainder of his years at the Miami Beach compound. Fading at an uncommonly early age, he suffered from dementia and died in the mansion on January 25, 1947 of stroke at a mere 48 years old.
“This home is a real piece of American history that has been restored to its glory,” said Nelson Gonzalez, the real estate agent overseeing the sale.