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Al Capone’s house for sale

By Polyana da Costa · Bankrate.com
Friday, July 20, 2012
Posted: 5 pm ET

Would you like to live in Al Capone's home?  All you need is about $10 million -- or if you prefer to  get a mortgage -- make sure you can afford the monthly payments of more than $50,000.

The mobster's estate on Palm Island in Miami is on the market for sale for $9.95 million.

The seven-bedroom house, at 93 Palm Ave., sits on a 30,000-square-foot waterfront lot. The compound includes the main house, a guest house, a pool and a two-story cabana.

The pool of Capone's Palm Island Home. Courtesy: Douglas Elliman

The notorious Chicago gangster paid $40,000 for the 6,000-square-foot mansion in 1928. He died in the house in January 1947, a few years after he was released from Alcatraz. Capone's wife, Mae, stayed in the house and sold it in the '70s to former Delta Airlines pilot Hank Morrison, says listing broker Jorge Alonso, of Douglas Elliman Florida.

The retired pilot signed a contract to sell the property in 2008 with the option to live in the house for another three years. The deal closed last year for $5.65 million. Peter Corsell, founder of energy-technology company Gridpoint, was the buyer. The house has been entirely renovated, Alonso says.

Several buyers have already inquired about the house, including a basketball player and some foreign buyers, most of them from France and Russia, Alonso says.

Follow me on Twitter @Polyanad and I'll let you know who ultimately gets the mobster's crib.

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5 Comments
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MD
July 24, 2012 at 5:27 pm

We moved to Miami in 1969 and this house came up for sale in the early 70's. My Dad had a chance to buy it for $110,000 then and passed it up. He knew it was a steal even then, but just couldn't pull the trigger. He was right, but wrong for not doing it. Oh well.