Al Capone’s Former Palm Island House Hits the Market for $9.95M
July 21, 2012 by Lucas Lechuga
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!
nice story
If only those walls could talk!
Awesome home! I love the kitchen with a lot of room and I love the counter tops. I love the bathroom and is staged very nice.
The house is very nice, but they took all the original character out of it…. makes me lose interest. I’ve seen the pictures of the home prior to all this reno & it was much more interesting before. NOT everything has to be modernized… there’s a lot to be said for old world charm & classic architecture. I wish they would’ve kept it more to the original than what it is now :-/