Al Capone’s Miami Getaway Is Now on the Market
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1/10Photographs Courtesy of EWM Realty InternationalIf you’ve always longed to live in a former “Gangsta’s Paradise,” your timing is spot on as Al Capone’s waterfront manse has just been listed for the first time since its elaborate remodeling in 2015. The ample estate is located on the man-made, gated Palm Island, which sits in Biscayne Bay between South Beach and downtown Miami. Capone might be happy to know that listed at $14.9 million, this estate is surely a steal.In a manner of island-hopping, the mob boss originally purchased the sprawling property at age 29 right after serving time at Alcatraz. He paid $40,000 in his wife’s name to close the deal and later spent $200,000 to build the gatehouse complete with towering walls, searchlights and a coral rock grotto. This was all positioned right at the edge of the property and likely wouldn’t pass through zoning today, so it is a one-of-a-kind set up.The property consists of three buildings, including the gatehouse, now a guesthouse, and a two-floor cabana, in addition to the main villa. The 1922-built mansion was thoughtfully restored to emphasize the home’s historic signature features. MB America, a Miami-based wealth and investment management company, spearheaded the renovations, and was meticulous about maintaining the timeless beauty of the estate. They ensured details like the 1920 ceiling lights, French doors, original hardwood floors, stunning archways and multi-pane windows were restored to their former glory. They also made sure to keep intact a luxurious black and gold Art Deco powder room in the main villa. At the same time, they made strategic updates to increase value where applicable, making sure amenities were top notch, and the utilities, like ventilation and electrical were updated.The grounds retain the original palm trees and even a Royal Poinciana Flame tree, a classic symbol of Southern Florida. Back in Capone’s era, the massive pool was connected to the bay via grate and would rise and fall with the tides. The pool has since been updated, but it still might hold the record for being the largest private pool in Florida, according to Mansion Global.Nelson Gonzalez of EWM Realty International has the historic listing, which is making a splash in the real estate world.Photographs Courtesy of EWM Realty InternationalIf you’ve always longed to live in a former “Gangsta’s Paradise,” your timing is spot on as Al Capone’s waterfront manse has just been listed for the first time since its elaborate remodeling in 2015. The ample estate is located on the man-made, gated Palm Island, which sits in Biscayne Bay between South Beach and downtown Miami. Capone might be happy to know that listed at $14.9 million, this estate is surely a steal.In a manner of island-hopping, the mob boss originally purchased the sprawling property at age 29 right after serving time at Alcatraz. He paid $40,000 in his wife’s name to close the deal and later spent $200,000 to build the gatehouse complete with towering walls, searchlights and a coral rock grotto. This was all positioned right at the edge of the property and likely wouldn’t pass through zoning today, so it is a one-of-a-kind set up.The property consists of three buildings, including the gatehouse, now a guesthouse, and a two-floor cabana, in addition to the main villa. The 1922-built mansion was thoughtfully restored to emphasize the home’s historic signature features. MB America, a Miami-based wealth and investment management company, spearheaded the renovations, and was meticulous about maintaining the timeless beauty of the estate. They ensured details like the 1920 ceiling lights, French doors, original hardwood floors, stunning archways and multi-pane windows were restored to their former glory. They also made sure to keep intact a luxurious black and gold Art Deco powder room in the main villa. At the same time, they made strategic updates to increase value where applicable, making sure amenities were top notch, and the utilities, like ventilation and electrical were updated.The grounds retain the original palm trees and even a Royal Poinciana Flame tree, a classic symbol of Southern Florida. Back in Capone’s era, the massive pool was connected to the bay via grate and would rise and fall with the tides. The pool has since been updated, but it still might hold the record for being the largest private pool in Florida, according to Mansion Global.Nelson Gonzalez of EWM Realty International has the historic listing, which is making a splash in the real estate world.
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2/10Photographs Courtesy of EWM Realty International
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3/10Photographs Courtesy of EWM Realty International
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4/10Photographs Courtesy of EWM Realty International
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5/10Photographs Courtesy of EWM Realty International
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6/10Photographs Courtesy of EWM Realty International
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7/10Photographs Courtesy of EWM Realty International
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8/10Photographs Courtesy of EWM Realty International
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9/10Photographs Courtesy of EWM Realty International
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10/10Photographs Courtesy of EWM Realty International
