For the first time since its restoration in 2015, the former Miami Beach estate of legendary Prohibition-era gangster Al Capone has come on the market—listed Wednesday for $14.9 million.
Located on the exclusive and guard-gated Palm Island, the sprawling Colonial-style manse, known today as 93 Palm, is one of the oldest and most notorious estates in Miami.
Modern Miami living—and massive amounts of waterfront—for only $12.6 million https://t.co/Nvvin8eybx pic.twitter.com/0L7iTapcBQ
— Mansion Global (@MansionGlobal) April 14, 2018
"I have seen pictures from the 1920s showing it as the only house on Palm Island," said listing agent Nelson Gonzalez of EWM Realty International.
"The house has a charming 1920s feel," he said. "It has very lush tropical gardens and it’s super private."
"You don’t really see the neighbors," he added. "You’re in your own private enclave."
The property features a private beach and 100 feet of waterfront on Biscayne Bay and has views of adjacent Hibiscus Island. Surrounded by Biscayne Bay on all sides, the man-made Palm Island sits in the bay between Downtown Miami and South Beach.
Built in 1922, Capone’s former Florida getaway, which he bought in 1928 and died in 1947, was restored to much of its original splendor following an extensive update and restoration in 2015 by Miami-based wealth and investment management company MB America.
"They put a ton of money into the restoration," Mr. Gonzalez said, including new landscaping, redoing the foundation and roof of the house, bringing back the original wood floors and updating all of the electrical, ventilation, drainage and plumbing systems.
Since 2015, the company has been "using it for photo shoots, for entertainment and for corporate events," he said.
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The 30,000-square-foot property is sealed inside security gates and encircled by a tall masonry wall lined with royal palms and a Royal Poinciana Flame Tree.
There are three structures on the property, Mr. Gonzalez said. "The main house is in the middle and the gatehouse is right on the property line, which you could never get away with today. Then there is a pool house/cabana at the edge of the sea wall."
The 30-by-60-foot swimming pool "holds something like 60,000 gallons of water," Mr. Gonzalez said.
In Capone’s day, the pool was connected to the bay through a grate so the water level would rise and fall. It had salt water, along with fish and algae, according to MB America, the company which did the house’s renovation. It was said to be the largest private pool in Florida.
In total, the property has 6,103 square feet of interior living space, seven bedrooms, five full bathrooms and two partial baths.
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Capone bought the home in 1928, at the age of 29, following a stint at Alcatraz. He bought the house in his wife’s name for $40,000 and reportedly spent $200,000 to install the gatehouse, seven-foot-high wall, searchlights, a cabana and coral rock grotto, according to research by MB America.
The gangster died in his bedroom in the house on Jan. 25, 1947, at the age of 48. The home remained in his family until 1952 when it was sold by his wife, Mae Capone.
The two-story, 4,850-square-foot main villa has four bedrooms, three full bathrooms and one half-bath.
Adjacent to the large pool, the two-story cabana features a water-facing terrace and a half-bath on the first level, and one bedroom and a full bath with a glittering tile mosaic on the second.
The original gatehouse, located at the front of the property, has been converted into a two-bedroom, one-bath guesthouse. Next to the gatehouse and opposite the main villa’s entrance, there is a pond with a little garden bridge, grotto, lighthouse and waterfall, all made of red coral.
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In the main villa, some of the original features include the black-and-gold Art Deco powder room, 1920s ceiling lights, the fireplace in the living room, and the porch. There are also French doors, hardwood floors, columns, open archways, and multi-pane, double-hung windows.
"The furnishings right now are staged, but they could be for sale," Mr. Gonzalez said.