MIAMI BEACH, Fla. – The Miami Beach mansion of Al Capone has sold for $15.5 million.
The Miami Herald reported that the home was sold to 93 Palm Residence LLC, managed by Coral Gables accountant Toni Alam.
Capone bought the waterfront house for $40,000 in 1928.
He died there in 1947 from a heart attack.
Developer Todd Michael Glaser and Nelson Gonzalez 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 says the offer came out of the blue.