Al Capone’s former Miami Beach home, located on exclusive Palm Island, is still a pending sale, according to the Southeast Florida Multiple Listing Service. The property was listed for sale in early 2006, for the first time in more than 35 years, and was on the market for 28 months, before it became a pending sale in June 2008. The closing is scheduled to take place within the next few months.
The historical home needs total renovation, and if not for city ordinances that prohibit the demolition of buildings of historic value, it would probably be torn down, and replaced with a new structure. The house sits on a large 30,000 square feet lot, with 100 linear feet of frontage on Biscayne Bay’s intracoastal waterway, with a view of adjacent Hibiscus Island.
The 6,103 square feet house was built in 1922, and is one of the oldest homes on Miami Beach. The asking price for the property was $6,800,000. According to a Miami Herald report, Henry Morrison, who owns the home located at 93 Palm Ave., purchased it in 1971 for $56,000.
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