An infamous yet glamorous slice of American history is now up for sale. The former waterfront mansion of Al Capone, which has been meticulously restored, is on the market for $14.9 million. The price doesn’t seem like a steal, but it’s located on a lush lot on guard-gated Palm Island, overlooking Miami‘s Biscayne Bay. The Prohibition-era gangster bought this waterfront home in 1928 after a stint at Alcatraz, because it reminded him of the sunny shores of Italy. He reportedly paid $200,000, a veritable fortune at the time, to install a gatehouse, 7-foot-high walls, and search lights, because security was obviously an issue. He also built a cabana, coral rock grotto, and a 30-by-60-foot pool that was the largest private pool in Florida at the time. Capone built it to top the Biltmore Hotel pool, which was the largest in the area at the time. Capone used the property as a luxury getaway from his busy life as a gangster in Chicago. He died in his bedroom in this home in 1947. His wife, Mae Capone, sold the place in 1952. Miami-based wealth and investment management company MB America bought the property in 2014 for $7,975,000 and commenced the restoration. “This is one of the most significant estates in South Florida, now on the market for the first time since its restoration,” said listing agent Nelson Gonzalez, senior vice president of EWM Realty International. “The attention to detail by MB America has preserved the home’s unique 1920s attributes, yet its slew of modern conveniences and top-of-the-line amenities make it a lucrative draw for well-heeled buyers.” Some of the home’s original features include the art deco powder room, 1920s ceiling lights, a tiled fireplace, and the porch with arches. The main villa has four bedrooms and three bathrooms. The two-bedroom gatehouse is now a guesthouse, and the two-story, one-bedroom cabana features a terrace with water views. In total, there are 6,077 square feet of indoor living space. French doors, hardwood floors, columns, archways, and multipane, double-hung windows provide the estate a timeless design. The outdoor space features lush landscaping with century-old trees, a private beach, and a boat dock. The original pond with a grotto lighthouse and a bridge made of red coral has been restored. “The illustrious history and prime location of this residence cannot be overstated,” added Gonzalez. “Nearly 100 years later, this home is truly a rare gem on the water.” The post Take a Shot at Al Capone’s Restored Miami Beach Mansion for $14.9M appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/unique-homes/al-capone-restored-miami-beach-mansion/
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