Al Capone’s Former Palm Island House Hits the Market for $9.95M
There is no sure thing but death and taxes – so the saying goes. As it turned out in the end, the two certainties brought about the demise of legendary American gangster, Al Capone – a person who at one time seemed untouchable. When nothing else would stick, the U.S. government finally nabbed the Chicago kingpin on tax evasion charges. He was later tried in court and sentenced to federal prison. Many people erroneously believe that Capone spent his final days locked-up behind bars . The truth, however, is that the mobster was paroled on November 16, 1939 and returned to his home on Palm Island in Miami Beach, Florida where he ultimately died from a series of health issues.
Al Capone purchased the Palm Island estate in 1928 – three years before his prison conviction – for $40,000. He used the waterfront home as an escape from Chicago when the authorities started breathing down his neck. Over the years, the property has had many owners. The current owner acquired the estate in November 2011 for $5.65M and since that time has fully restored it. Yesterday, the Palm Island waterfront mansion hit the market once again with an asking price of $9.95M. That’s gangsta!