Notorious gangster Al Capone’s former Florida address is for sale.
A vacant plot of land on Miami’s exclusive Palm Island, which was once home to notorious gangster Al Capone, is now on the market for a staggering $23.9 million (roughly Rs. 200 crore), according to reports. New York Post. While the original mansion where Capone lived and died was controversially demolished last summer, the 30,000-square-foot oceanfront parcel presents a unique opportunity for potential buyers.
Douglas Elliman agent Dina Goldentayer, who is managing the listing, tells us new york post “This is an opportunity to build one of the finest estates in Miami Beach.”
Despite protests from preservationists, the mansion was eventually demolished, leaving a blank canvas for its future owners.
this List site The property is defined by its idyllic surroundings, away from the hustle and bustle of city life, enjoying the sea breeze from the island’s preferred location. This new Estate Street features mega-mansions on the block surrounded by lush tropical landscaping. With 100 linear feet of water frontage, let your yacht dock at the edge of the hotel with the downtown Miami skyline as your backdrop.
The asking price is a significant increase from the $10.75 million the property sold for in 2021. Within weeks, the developer that acquired the property flipped it for $14.9 million, underscoring the site’s appeal and historic significance.
While the Capone connection has undoubtedly increased interest, the focus now shifts to the potential for new luxury homes. This guarded island community features gorgeous mansions and stunning water views, making it a highly desirable address.
The historic mansion where Al Capone is believed to have masterminded the infamous Valentine’s Day Massacre has reportedly suffered damage from flooding.
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