Al Capone’s $7.4 Million Home!

Al Capone’s $7.4 Million Home!

Al Capone's $7.4 Million Home!

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There’s no denying that if Mafia kingpins could be called rock stars, Al Capone would have been right up there with our generation’s Michael Jackson on the 1920’s celebrity list. Over 65 years after his death, Capone is still first in the minds of most Americans as the all time king of organized crime. His peers tried to emulate him and had dreams of attaining equal notoriety, but no one ever came close.

To the work-a-day world going about their business and bored with their routine lives, stories of Mafia horrors blaring across the headlines of their evening newspapers seemed glamorous. Reading about their ostentatious wealth, Las Vegas and celebrity connections, limos and starlets on their arms pulled the reader out of his worn easy chair into the fantasy world of the rich and famous with the added excitement of a criminal twist. Lead by Capone, other crime figures such as Jack Diamond, Lucky Luciano and Dutch Schultz, made prime time newspaper headlines all across the United States. Today, they are still the subject of legends, books, TV shows and movies.

Al Capone was a ruffian off the streets of New York and Chicago, short on ethics, and totally lacking in refinement. In other words, he was a thug from the start. In the early 1920s, his main business was as a pimp who was bringing in approximately $8,000 a month when the average family was managing on $8,000 a year. This was more money than he could have imagined as a youth, but he wanted more. His greed and driving desire to have the most led him into 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.

In 1931 the IRS arrested Al for tax evasion, which was and still is, a standard procedure for snaring Mafia members. He was released on parole in 1939, but suffered the worsening effects of neurosyphilis, which he had suffered for years. He died in 1947 at the young age of 48 in his waterfront home on Palm Island.

This lovely home, which Capone originally purchased in 1928, was recently sold after being on the market for several years. The .7 acre compound consists of the 6,103 square foot, seven bedroom, seven bath main house, a two bedroom guest house and a two-story pool house built by Capone where he housed his security guards on the upper level. The main house recently underwent a $4 million renovation and the new owner received plans and permits in place for further expansion as part of the sale.

Al's Miami home, where he supervised the St. Valentine's Day massacre in 1929, sold after a long time on the market. Listed at $9.5 million - sold for $7.43 million.

Source: www.huffingtonpost.com