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Miami Beach mansion of ‘Scarface’ Al Capone sells for $15.5M

The gate house entrance of the waterfront mansion once owned by gangster Al Capone in Miami Beach, Fla., Wednesday, March 18, 2015. (AP Photo/Alan Diaz) (Alan Diaz, Copyright 2021 The Associated Press. All rights reserved.)

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.