Florida Mansion Owned By Notorious Al Capone Sold!!!
Once the home of Al Capone, this mansion originally listed in July of 2012 for $9.95M, but its illustrious history–or at least, its infamy– did not bring in buyers at that price point. Top 10 Real Estate Deals reports that 93 Palm Ave. sold this July for $7.43M.
If these walls could talk…
Most of us know Al Capone’s reputation. The house too has history, largely based on Capone’s occupancy there both before and after he went to prison for tax evasion. With his success as a mafioso, he was able to buy the 36,000 square foot waterfront abode in 1928 for just $40,000– which according to the Huffington Post would be “about $538,000 today.” Before Capone took possession, the mansion housed Clarence Busch of Anheuser-Busch fame and fortune.
Capone’s fame and fortune was rather less above board, though he too dabbled in the alcohol business. Top 10 Real Estate Deals puts it this way:
Al Capone was a ruffian off the streets of New York and Chicago. [Yet] in the early 1920s, his main business was as a pimp…..bringing in approximately $8,000 a month when the average family was managing on $8,000 a year. [Later he began] bootlegging during Prohibition. In time, Capone owned breweries, warehouses, fleets of boats and trucks, private businesses counting in the hundreds, gambling venues such as horse and dog tracks and more, including his Miami Beach Palm Island estate. His gross annual income was thought to be in the neighborhood of $105 million a year. Much of this money he gave to various charities and he became a strong public figure in spite of his questionable methods of acquiring the money. Many called him a modern day Robin Hood, though his media manufactured image was somewhat crushed when his involvement in the 1929 St Valentine’s Day Massacre hit the news.
Since Capone was living in the Florida mansion by then, he could have planned that massacre within its walls.
Prison and illness
In 1931 the IRS arrested Capone for tax evasion, a standard procedure for snaring Mafia members whose other crimes couldn’t be sufficiently connected to them. He returned to the Palm Ave. mansion upon his release in 1939, but not to happy times, despite being still a wealthy and relatively young man. Suffering from neurosyphilis, his propensity for violence and mental condition deteriorated dangerously; the family even had to hire a male nurse who disguised himself as a chauffeur to protect the public from his outbursts. In the end, Capone died at age 48, right in this very home, in 1947.
Additional owners, renovation
Venezuelan architect/developer Luis Pons is credited with the restoration and upgrade of this 1922 estate, a $4M project. The home offers 7 beds, 7 baths, a 2 bedroom guest house and 2 bedroom pool house. That pool is impressive in its own right: at 30-by-60-feet, it was “originally built to best the Biltmore Hotel’s record for largest pool in the area.”
Indeed, like everything about Capone ambitious. Now it’s all in the hands of a new owner. But will Capone haunt the hallways? Hard to believe such personality could ever truly disappear.
this article was published by sfgate.com
By: Anna Marie