Former Al Capone Palm Island estate sells for $7.4M

The gangster reputedly died there in 1947
June 17, 2013 12:00PM

Archived image of Al Capone’s former estate at 93 Palm Ave. on Palm Island, Miami Beach

Al Capone’s former Palm Island mansion sold for $7.43 million, according to the sale’s Miami-based broker team, The Jills.

The house, at 93 Palm Island, is said to be where Capone allegedly planned the St. Valentine’s Day massacre and died of syphilis years later.

The estate, which the gangster reportedly purchased for $40,000 in 1928, boasts a private beach area on 100 feet of Biscayne Bay frontage, a spacious swimming pool and cabana area and multiple balconies, according to Jill Hertzberg, a top-selling Coldwell Banker agent.

“The owner of this property did a magnificent job renovating it, and it is reminiscent of a fabulous boutique hotel on the water,” Hertzberg said.

The two-story seven-bedroom mansion is 6,077 square feet and dates to 1922, according to Miami-Dade County property records, where the owner is listed as the Peter L. Casell trust.

The home was last assessed this year at $4.5 million, records show. The white-awning estate sits on a 6.9-acre lot on Biscyane Bay, a short jaunt from the Atlantic Ocean, between Hibiscus Island and downtown Miami. –Emily Schmall