The mansion was built in 1922, and Capone bought it in 1928 for $40,000. Reuters/One Sotheby's International Realty
Gangster’s Paradise: Al Capone's Miami Beach Mansion On The Market For Nearly $8.5 Million -- New York Daily News
Chicago mobster Al Capone bought the 10,000-square-foot waterfront palace in 1928. ‘People love the fact that it's part of Miami history,’ the realtor said.
One of Miami Beach's most notorious pieces of real estate is back on the block: the asking price is almost $8.5 million. The sprawling, waterfront compound is where notorious Chicago gangster Al Capone died after being released from Alcatraz and is said to have plotted the St. Valentine's day massacre in 1929.
The 10,000-square-foot baby blue mansion sits on exclusive Palm Island, sandwiched in Biscayne Bay between downtown Miami's skyscrapers and South Beach's hotel district.
The current owner, a Florida company managed by New York accountant Anthony Panebianco, purchased the home barely six months ago for $7.4 million, according to Miami-Dade property records.
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My Comment: A lot of history in this place.
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