Al Capone’s Miami Mansion Sells For $15.5M

MIAMI BEACH (CBSMiami/AP) — Al Capone’s Miami mansion has been sold for $15.5 million.

CBS4 quality spouse the Miami Herald reported Tuesday that the location was sold to 93 Palm Residence LLC, managed by Coral Gables accountant Toni Alam.

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Capone, the archetypal “Scarface,” bought the waterfront location for $40,000 successful 1928. He died determination successful 1947 from a bosom attack.

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Developer Todd Michael Glaser and spouse Nelson Gonzalez, elder vice president of Berkshire Hathaway HomeServices EWM bought the residence successful August for $10.75 cardinal with plans to demolish it and regenerate it with a much modern project. But preservationist successful Miami Beach balked astatine their plans.

Glaser said the connection came retired of the bluish and compared it to a winning lottery ticket.

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“If idiosyncratic tells you they privation to springiness you a $5 cardinal lotto ticket, of people you’d instrumentality it,” Glaser said.

CBSMiami.com Team