Al Capone’s former mansion gets facelift for the big screen

A wealthy Italian family bought the property for $8M in 2013, has spent $1.4M to date on renovations

TRD MIAMI /
Mar.March 18, 2015 11:15 AM

Al Capone’s former mansion on Miami Beach’s Palm Island is getting a facelift and a new life as a production, filming and photo shoot venue, The Real Deal has learned.

The Mediterranean mansion, complete with a gate house and pool cabana, also has a new name: 93 Palm.

A wealthy, Northern Italian industrialist family bought the storied property at 93 Palm Avenue in April 2013 for $8 million. Since then, MB America, a Miami-based property investment firm that represents the owner, has been renovating the property while trying to preserve its heritage, MB American founder and CEO Marco Bruzzi told TRD.

“Our goal is to save it, to conserve the historical building, and at the same time, to keep the original value of the property,” Bruzzi said.

The same Italian family that owns 93 Palm also owns 100 million euros worth of property in Europe, he said. In Miami, the family also owns Spaceby3, a warehouse at 2105 North Miami Avenue in Wynwood that is used as an event and production venue; and the Orchid House, a Mediterranean villa at 1350 Collins Avenue in Miami Beach that is rented out as a luxury retreat, Bruzzi said. Previous guests that have stayed there include Justin Bieber and his entourage.

“All the investments we bought because we are [offering] them for luxury events and for production, photo shoots and filming,” he said.

For 93 Palm, MB America has brought in its Italian architect Monica Melotti, who has experience in historic renovation. To date, the group has spent $1.4 million on renovations, which began in December and are so far 75 percent complete, Bruzzi said. By May, the property should be available for lease, he said.

The 6,077-square-foot main house, built in 1922, sits on a 30,000 square-foot waterfront site, according to Miami-Dade property records.

“Al Capone bought it in 1928 and he built the gate house and the pool cabana to make the property like a fortress so it could be safe from the street as well as from the sea,” Bruzzi said.

Capone was known as a gangster and Prohibition crime leader. He died in the Palm Island home in 1947.

Historian Paul George, speaking at a media event at the mansion on Wednesday, said Capone was a hard partier, who often held “steak and spaghetti parties with punch” at the home.

Capone’s great niece Deidre Marie Capone, who authored a book “Uncle Al Capone,” recounted learning to swim in the saltwater pool on the estate.

“We were a very close family,” said Capone, 75. “We ate our meals together, we sang together, we cooked together.”

She hopes to get a movie released in 2017 about Capone’s life, which would be partly filmed at the Palm Island home.

“I’m trying to do as much as I can,” she said, “to let people know about what made him laugh, what made him cry, what was he was afraid of, and what made him do the things he did.”

 

Related Articles

arrow_forward_ios
Phil Collins, Orianne Collins, and 5800 North Bay Road (Credit: Tim Chapman/Getty Images, and John Parra/Getty Images)

Phil Collins wants to sell his Miami Beach mansion for $40M, but his ex-wife won’t leave

Phil Collins wants to sell his Miami Beach mansion for $40M, but his ex-wife won’t leave
6493 Allison Road (Credit: Douglas Elliman)

One Thousand Museum developer sells Allison Island home

One Thousand Museum developer sells Allison Island home
Greg Mirmelli with 2120 Bay Avenue (Credit: John Parra/Getty Images)

Miami Beach investor sells waterfront home for $18M, following bidding war

Miami Beach investor sells waterfront home for $18M, following bidding war
Floyd Mayweather & 5501 Pine Tree Drive, Miami Beach (Credit: Google Maps and Jun Sato/Getty Images)

Taking it on the chin: Floyd Mayweather Jr. sells Miami Beach home at a loss

Taking it on the chin: Floyd Mayweather Jr. sells Miami Beach home at a loss
1500 West 21st Street and Todd Glaser (Glaser by Mary Beth Koeth, Todd Michael Glaser)

Todd Glaser buys waterfront Sunset Islands home with plans to list it for $10M

Todd Glaser buys waterfront Sunset Islands home with plans to list it for $10M
A rendering of the monorail

Miami-Dade approves interim contract for monorail to Miami Beach

Miami-Dade approves interim contract for monorail to Miami Beach
Lord Balfour Hotel

Mezz lender forecloses on Ocean Drive hotel in South Beach

Mezz lender forecloses on Ocean Drive hotel in South Beach
Oceanside Fisher Island and a map of condo sales (Credit: Google Maps)

Weekly condo sales volume in Miami drops below $40M

Weekly condo sales volume in Miami drops below $40M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...