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Miami Beach Mansion of ‘Scarface’ Al Capone Sells for $15.5M

The Miami Beach mansion of Al Capone, once fated to be demolished, just sold for $15.5 million.

The Miami Herald reported Tuesday that the home was sold to to 93 Palm Residence LLC, managed by Coral Gables accountant Toni Alam.

Capone, the original “Scarface,” bought the waterfront house for $40,000 in 1928. He died there in 1947 from a heart attack

Developer Todd Michael Glaser and partner Nelson Gonzalez, senior vice president of Berkshire Hathaway HomeServices EWM bought the residence in August for $10.75 million with plans to demolish it and replace it with a more modern project. But preservationists in Miami Beach balked at their plans.

Glaser said the offer came out of the blue and compared it to a winning lottery ticket.

“If someone tells you they want to give you a $5 million lotto ticket, of course you’d take it,” Glaser said.

www.necn.com

New England Cable News

New England Cable News is a regional 24-hour cable news television network owned and operated by NBCUniversal serving the New England region of the United States. It focuses on regional news, though in some low priority timeslots, paid programming and programming from WNBC such as Talk Stoop and Open House are seen.

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