Living like Al Capone for $9.95 million

25 Jul

After the Versace Mansion on Ocean Drive, another one of the most glamorous property of Miami hits the market. Built in 1922, Al Capone’s estate on Palm Island is a huge arcaded mansion located on a 30,000 sq ft waterfront lot. For those who are unfamiliar with area, Palm Island is close to Fisher Island between Miami Beach and Downtown Miami.

The massive property includes a main house, a guest house and a pool cabana for a total of 7 bedrooms and 7 bathrooms and an impressive 30 x 60 ft pool.

The famous American gangster bought the property in 1928 at the apogee of his wealth for $40,000 ($538,000 today). Few months after, he got send to Alcatraz on tax evasion charges. When he got released 11 years later, he went back to his property in Palm Island where he died from syphilis.

Last year, the mansion got bought for $5.65 million and its owner decided to gut it out to give it back its glamorous original appeal.

Living in such a historic, prestigious property is unfortunately not given to anyone since the property has been listed for $9.95 million…



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Posted by on July 25, 2012 in News


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