Al Capone’s Ex Miami Beach Property In Contract

The waterfront property that once belonged to the late mobster Al Capone will soon have a new owner.

The pending deal for the property, asking $23.5 million, is one of 18 luxury home contracts signed in Miami-Dade County between April 27 and May 3, according to the weekly report by Douglas Elliman’s Eklund-Gomes team.

The report tracks listings of homes and condos asking $4 million and up in Miami-Dade that are included in the Multiple Listing Service. The properties spent an average of 138 days on the market.

Fifty-one luxury listings were added to the market, for a total of 1,250 listings.

The previous week, buyers signed 28 contracts for properties in Miami-Dade, asking a combined $275.5 million.

The asking dollar volume for the 14 single-family homes and four condos under contract last week totals $146.3 million, according to the report published by the team led by Fredrik Eklund and John Gomes.

The single-family homes that entered into contract last week have an average asking price of $9.5 million and spent an average of 144 days on the market. They total $123.7 million in asking dollar volume.

At the top of the report is the lot at 93 Palm Avenue, which once belonged to Capone.

The Prohibition-era gangster bought the home in 1928 for $40,000. He died at the Palm Island property in 1947. The property was demolished in 2023. The seller is an LLC named after the property that paid $15.5 million for the lot in 2021. It’s on the market with Joel Lusky of the Brokerage South Florida and Jordan Karp of Jordan Karp LLC.

The condos that secured buyers last week have an average asking price of $5.6 million and spent 116 days on the market, on average. They total $22.5 million in asking dollar volume, or an average of $1,780 per square foot.

Last week in New York, buyers signed contracts for 29 homes, according to Olshan Realty. Their combined asking price is nearly $246 million, and the typical home spent 507 days on the market.