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Times of India·2 min read·easy

Al Capone’s fortified Miami Beach estate site sells for $21 million

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TOI REAL ESTATE DESK
Al Capone’s fortified Miami Beach estate site sells for $21 million
AI Summary

A vacant waterfront lot in Miami Beach, formerly the site of Al Capone's fortified estate, has sold for $21 million. The original mansion was demolished in 2023 after preservation efforts failed, reflecting the extreme appreciation of Miami real estate.

Why it matters

The sale underscores the intense demand for luxury real estate in Miami, where land value often supersedes historical preservation.

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In 1928, at the height of his reign as Chicago’s most notorious gangster, Al Capone purchased a sprawling estate on Miami Beach’s Palm Island, seeking a warm-weather retreat from the cold and his foes. He is reported to have spent some $200,000 bolstering the property with bulletproof walls, steel shutters and other security measures befitting a man who lived under threat of attack at every turn. Nearly a century later, the mansion that once was home to “Scarface” is no more, demolished in 2023 after years of deterioration and fruitless attempts at preservation.

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