Al Capone’s Miami Beach Mansion Listed at $15M

Apr 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.

About the author

Phil Hall

Link copied

Published

Apr 23, 2018

People On The Move

Asurity Advisors Names Carl Pry Senior Advisor

Pry brings decades of experience in regulatory compliance, banking law, and corporate finance

Asurity Advisors, a mortgage consulting firm, announced that regulatory compliance, banking law, and corporate finance executive, Carl Pry, has joined the team as Senior Advisor. Pry brings decades of industry knowledge and advisory experience to his new role supporting clie...

Analysis and Data

It’s A Buyer’s Market. Tell That To The Buyers

Largest supply of homes in six years now for sale in the U.S., Redfin reports

Things are looking up, or at least you'd think they should be, for mortgage originators. As of January, there were 3.7 months of for-sale home supply on the U.S. market, up 12% from 3.3 months in January 2024. That’s the largest supply of homes for sale since February 20...