Former Al Capone Palm Island estate sells for $7.4M

The gangster reputedly died there in 1947

Jun.June 17, 2013 12:00 PM

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

Related Articles

Julian Cohen and a rendering of the project

Felix and Julian Cohen propose waterfront spec mansion on North Bay Road

The Indian Creek lot and Julio Iglesias (Credit: Getty Images)

Singer songwriter Julio Iglesias relists Indian Creek lot for $32M

From left: Nelson Gonzalez, Danny Hertzberg, Julian Johnston and Ben Moss

“The biggest week of the year”: Luxury brokers eye potential buyers in town for Super Bowl

From left: Jill Hertzberg and 1633 North View Drive, and Dr. Arthur Agatston and Sari Agatston (Credit: Getty Images)

South Beach Diet founder sheds Sunset Island home

55 Palm Avenue (Credit: Realtor and iStock)

Metals executive mines Miami Beach home

387 Ocean Boulevard (Credit: Realtor)

Golden Beach oceanfront home of late attorney sells for price chop

(Credit: Douglas Elliman)

Fine print no more: New Florida advertising rules kick in for agent teams

90 Palm Avenue and Leo Macedo

Brazilian developer lists his Miami Beach mansion for $29M