At the eleventh hour, famed mobster Al Capones legendary home on Palm Island in Miami Beach has been saved from the wrecking ball.
Last August, developer Todd Michael Glaser and partner Nelson Gonzalez, purchased the nine-bedroom, Miami Beach house for $10.75 million, with plans to level it for a new two-story modern spec home.
The house is a piece of crap, said developer Todd Glaser to the Miami Herald. Its a disgrace to Miami Beach. Glaser told the publication the home sits about 3 feet below sea level, has flood damage and standing water underneath it.Naturally, preservationists in Miami were not happy.
However, yesterday the Herald reports the home was sold for $15.5 million to 93 Palm Residence LLC, which plans to keep the home intact. If someone tells you they want to give you a $5 million lotto ticket, of course youd take it, said Glaser to the publication.
After he was released from prison, the home was also Capone's final residence until he died of a heart attack in 1947. Capone's widow, Mae, sold the home in 1952.
All photos via Realtor.com