Al Capone’s Miami Beach Mansion Listed at $15M
April 23, 2018
The Miami Beach property where Al Capone planned the 1929 St. Valentine’s Day Massacre is back on the market for $15 million.
According to a Miami Herald report, the 30,000-square-foot lot consists of a 6,000-square-foot residence with four bedrooms and three-and-a-half baths plus a two-bedroom/one-bath guesthouse and a two-story pool cabana. Capone bought the property in 1928 for $40,000 and used it for working vacations, including the planning of the infamous 1929 Chicago crime where seven rivals were gunned down by Capone assassins disguised as policemen.
The property also served as Capone’s final residence, returning in 1940 after he served six-and-a-half years in federal prisons for tax evasion. Suffering in his later years from dementia brought about by untreated syphilis, Capone died at the home in January 1947 of a stroke at the age of 48.
The Capone property sold twice in the last five years: For $7.4 million in 2013 and $7.9 million in 2014. In 2015, the investment company MB America financed a $1.4 million renovation that brought the property up to date with current hurricane code.
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