Social Networks

Al Capone’s compound on Palm Island in Miami to hit market with $9.95 million asking price


Nest Seekers recognizes the importance of networking, connecting and sharing our voice and content with communities around the world.

You can now follow us at your convenience on your favorite community platforms including FaceBook, YouTube, LinkedIN, Jigsaw, Twitter and many more.

Join us, follow us, share us and share with us. Stay connected.

Nest Seekers on Twitter

Al Capone’s compound on Palm Island in Miami to hit market with $9.95 million asking price

Want to live like America's "original gangsta"? It'll cost you close to $10 million.

Al Capone's massive compound on Palm Island in Miami will hit the market in the next few days — but only modern-day robber barons could afford the $9.95 million asking price.

Capone bought the home at the height of his power in 1928 for just $40,000. Last year, Peter Corsell, founder of the energy solutions conglomerate Grid Point, bought it for $5.65 million with the intention of fully restoring it to its original gangster grandeur.


The arcaded mansion sits on a huge, football-field-sized waterfront lot in Biscayne Bay.

"Two Versace South Beach villas could fit on this property," said broker Jorge Alonso of Elliman Florida. "You step up to this huge pool. It's so glamorous."

It has verandas, a recreation room, private dock, ornate plasterwork, and a black-and-gold Art Deco powder room that looks the same as when Capone used it.

Corsell, a history buff, restored bathrooms, bronze lamps and original wall sconces, a two-story pool house, and a front gate house added by Capone for his armed guards.


Alonso said that the house is already attracting would-be buyers from Russia, Brazil and France. A major professional basketball player has already expressed serious interest.

The buzz is not only for the house, but for its connection to Capone lore. The master criminal held lavish parties and fishing expeditions at the island home, which also served as Capone's alibi during some of his gang's famous killings, including the St. Valentine's Day Massacre in 1929. Soon after, Capone was convicted — on tax evasion charges — but held onto his island paradise through a nearly decade-long sentence at Alcatraz.


When he was released from the Rock in 1939, he headed back to Palm Island, where he died in 1947 of syphilitic dementia that reduced his mind to that of a child's.

Yet the historic pull of the house continues.

"Everyone thinks there is money hidden somewhere inside," said Alonso. "None of that is true. He did die there, though, in a room upstairs. It used to be creepy, but after the renovation it's this charming little room. Everyone loves it up there."

There is fear a buyer could tear the house down to take advantage of the lot size.

"We hope that doesn't happen," says Alonso. "It's such an important piece of America."

See more:

Nest Seekers International Expands to New Jersey with Jersey City and Hoboken Offices
Things You May Not Know about the Flatiron Building
10 Inspiring Rustic Meets Industrial Interior Design Concepts
Living life on the edge, literally
Brace yourselves, Manhattanhenge is coming!
How to host an open house and attract serious offers
Nothin' better than a loft in Soho
Nest Seekers agent looks to set the record for the most expensive single-family condo sale in Long Island City
Cayman Islands real estate surges as the U.S. and global economy strengthens
NYC Taxi Magnate To List $27 Million Penthouse With World Trade Center Views
The gated estates of Los Angeles’ Westside never go out of style, reflected in a soaring luxury market.
Upper West Side mansion asking $40M now down to $30M
Ryan Serhant on movie role: Another way to win clients
Porter House's Sixth Floor Wants $22M, Needs to be Combined
The 30 Most Expensive Homes In Tech, Ranked!
The Most Expensive Homes In Finance, Ranked!
Real Estate Roundtable: What Is Your Dream Hamptons Listing?
Can the Ritz Brand Carry a $118M Condo in Battery Park City?
Real Estate Roundtable: What Is Your Dream Hamptons Listing?
Manhattan’s Top Listing Agents
‘Million Dollar Listing’ Star Reveals Hottest Properties for Unfamiliar Buyers
'Million Dollar Listing' Star Reveals Hottest Properties for Foreign Buyers
Why a $118.5 Million Apartment is an Easier Sell than an $11 Million One
CONDO CLASH: Broker for $48M Tribeca sky loft with 360-degree views lays down the penthouse challenge
Start-up says it’s redesigning interior design
HOUSE OF THE DAY At $118.5 Million, This Giant Ritz-Carlton Penthouse is NYC's Most Expensive Home
$118 million penthouse listing now biggest in downtown NYC
Three Contiguous New York Condos Ask a Combined $118.5 Million
Meet Robert Canberg of Nest Seekers International
Posh condo sale sets new Queens record as waterfront real estate booms A buyer from Colombia purchased the ground floor apartment at The View in Long Island City for $3.35 million