Al Capone's Miami Beach Home Is Sold & Headed For Wrecking Ball
The upscale Miami Beach home where Chicago's notorious crime-boss Al Capone lived from 1928 until he died in 1947 recently sold and is going to be demolished.
In 1928, Miami Beach's polite society was rocked with the news that the infamous gangster, Chicago crime boss Al Capone, had purchased a home on Palm Island, one of the city's newest and most prestigious addresses. Much to the consternation of the city fathers, local organizations and even the state governor, Capone continued to live there until his death in 1947, and his wife, Mae, held onto the house until 1952. For decades, accounts of Capone's connection with the home and Miami Beach have been a colorful part of the city's history. However, it has recently been purchased by a developer for $10.75 million, who will likely tear it down and replace it with a two-story modern spec home.
During the early development of Miami and Miami Beach, causeways - roads built on landfill and bridges - spanned the distance over Biscayne Bay from Miami to Miami Beach. Developers also dredged the bay to create man-made residential islands extending off the causeways. With only one gated entry and exit to each island and heavy police security, homes were considered to be very secure. It was an ideal location for Capone and he bought the 1922 home at a distressed sale price of $40,000, two years after the Great Miami Hurricane of 1926 that wiped out much of the city. He then poured $200,000 - over $3 million in 2021 dollars - to install a gatehouse, a seven-foot-high wall, searchlights, cabana and coral rock grotto. For additional security, he had guards posted on the second floor of the cabana to protect him from anyone arriving by boat and also at the gatehouse. Safe and secure from his Chicago crime rivals, it was the home where Capone was vacationing, and his alibi, when his gang pulled off the 1929 Saint Valentine's Day Massacre. Capone returned to the home after he was released from prison in 1939, and it was where he lived until he died in 1947.