93 Palm Avenue and Al Capone (Credit: EWM Realty International, Wikimedia Commons)
What would Big Al think?
The former home of the late Al Capone just hit the market for $14.9 million. The Prohibition-era gangster bought the home in 1928 after being released from Alcatraz, and he died at the property in 1947.
Now, after a multimillion-dollar renovation, MB America, a wealth and investment management company representing a wealthy Italian industrialist family, wants to sell the bayfront estate at 93 Palm Avenue. Miami-based MB America paid $8 million for the home in 2013. It was built in 1922.
Nelson Gonzalez of EWM Realty International is the listing agent.
The property features a four-bedroom, 6,100-square-foot main house, a pool and two-story cabana, and the original gatehouse Capone installed that has been converted to a two-bedroom guest house.
In 2015, MB America unveiled the estate as a production, filming and photo shoot venue following $1.4 million in renovations. The main villa also features the original black and gold Art Deco powder room, ceiling lights from the 1920s, an original fireplace and porch. The 30,000-square-foot property has about 100 feet of waterfront.
The Italian family that owns Capone’s former home has also owned other event venues and retreats in Miami, including the Orchid House, a Mediterranean villa at 1350 Collins Avenue in Miami Beach. – Katherine Kallergis
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