Al Capone’s Estate on Palm Island for sale $9.95 Million

A little bit of history about the property, it was originally built in 1922 by Clarence Busch of the Anheuser-Busch family. Capone reportedly purchased the home for $40,000 cash in 1928 at the age of 29. Capone set about making the enormous 30,000-square-foot property his own by adding the largest pool at the time (30 x 60 feet) to the estate. Capone was known to fish off the back of the properties dock.

When he was let out of Alcatraz for tax evasion he went to 93 Palm Island with his family. Also at the time of the famous St. Valentines Day Massacre he  made sure he was seen at the house as an alibi. In 1947 Capone eventually died in the main house in the guest bedroom of cardiac arrest he was 48.

In the decades since, the house has languished, occupied but falling into disrepair. After Capone died in 1947 and his wife Mae sold the mansion, it ended up in the hands of an airline pilot named Henry T. Morrison in 1971 for $56,000. Three years ago, he sold it to Peter Corsell, founder of the smart energy company Grid Point, for $5.7 million. He finally moved out last year.

As far as who might be interesting in buying the house, “I thought that we would get all these hip-hoppers,” says Jorge Alonso, the real estate agent in charge for the Douglas Elliman firm. “But for now I have been mostly dealing with people that are history buffs. One of them [a potential buyer] even looked just like one of the Sopranos!”

No matter who buys the home this is definitely an iconic Miami property. If you got $10 million burning a whole in your wallet hit up Jorge Alonso at Douglas Elliman.

Source: Miami Herald