Historic Properties – Al Capone’s Miami Seashore house is offered and on the way in which to the wrecking ball

Al Capone’s longtime home in Miami Beach is likely to be demolished.

Where real estate never gets boring!

POMPANO BEACH, Florida (PRWEB)
16.09.2021

“Al Capone’s Florida home is on its way to the wrecking ball”

In 1928, Miami Beach’s polite society was shaken with the news that the infamous gangster, Chicago gang boss Al Capone, had bought a house on Palm Island, one of the newest and most prestigious in town. Much to the dismay of the city fathers, local organizations, and even the state governor, Capone lived there until his death in 1947, and his wife Mae kept the house home until 1952, and Miami Beach was a colorful part of the city’s history. However, it was recently purchased for $ 10.75 million by a developer who is likely to tear it down and replace it with a two-story modern home.

During the early development of Miami and Miami Beach, causeways – roads built on landfills and bridges – spanned the stretch of Biscayne Bay from Miami to Miami Beach. The developers have also dredged the bay to create man-made living islands that stretch away from the causeway. With only one guarded entrance and exit to each island and high police security, the houses were considered very safe. It was an ideal location for Capone, and he bought the house at a distressed sale price of $ 40,000 in 1922, two years after the Great Miami Hurricane of 1926 that wiped out much of the city. He then invested $ 200,000 – over $ 3 million in 2021 – to install a gatehouse, two-meter wall, spotlights, a cabana, and a coral rock grotto. For added security, he had guards posted on the second floor of the cabana to protect him from anyone arriving by boat and from the gatehouse. Safe and secure from his Chicago rivals, it was the house that Capone vacationed and his alibi when his gang carried out the 1929 Valentine’s Day massacre. Capone returned to the home after his release from prison in 1939 and lived there until his death in 1947.

The 6,077 square feet, four bedroom, pool, Capone home has gone through several changes of ownership over the years and is now owned by the same South Florida developer, Todd Michael Glaser, who recently bought and then demolished Jeffrey Epstein’s Palm Beach mansion. Similar to Epstein, Capone’s home sits on prime waterfront property that Glaser plans to tear down and replace with a modern two-story home with eight bedrooms, eight bathrooms, a hot tub, spa, and sauna.

Palm Island and its close neighbors Hibiscus Island and Star Island are still one of Florida’s poshest neighborhoods, with property prices ranging from about $ 20 million to over $ 40 million beachfront. It is conveniently located near South Beach, Key Biscayne, and Coconut Grove with a variety of dining, upscale shopping, white-sand beaches, and entertainment in both mainland and Miami Beach. Many celebrities have also made these islands their home, such as Gloria Estefan, Don Johnson, Rosie O’Donnell, Sean Combs, Shaquille O’Neal and Phillip Frost.

Visit TopTenRealEstateDeals.com for more real estate news, spectacular homes, and celebrity video tours.

Share articles on social media or via email: