A developer planned to scrap the Palm Island residence in favor of a more modern construction.
The property traded hands for $15.5 million, records show as of Sept. 24. The sale comes just weeks after it was bought in August by developers Todd Michael Glaser and his business partner Nelson Gonzalez for $10.75 million.
At the time, Glaser pointed out wall street journal About his plan to tear down the 7,500-square-foot Palm Island residence in favor of a modern construction.
Despite Capone’s nefarious reputation and criminal history, an online petition with over 25,000 signatures was launched to stop the development.
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“Miami Beach runs the risk of losing not only our local history, but an important part of American history, if this demolition is allowed to proceed,” organizers said in the petition. “The loss of this historic structure and its replacement with a new larger home will have a long-term negative impact on the community.”
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The petition led the developers to withdraw their application to the local design review board, which would have decided the house could be torn down in mid-September.
in an interview with Miami Herald, he compared the recent sale of the property to winning the lottery.
NS gangster born in brooklyn Bought a seven-bedroom, seven-bathroom home in 1928 for $40,000. It was built in 1922.
Completely renovated and remodeled in 2015, the home has been on and off the market since 2018.
The Spanish Colonial-style waterfront mansion overlooks Biscayne Bay, and features a private beach, a gatehouse, and a 30-by-60-foot pool with a cabana, according to the listing.
The tropical landscaped property consists of three separate structures: the main house, the guest house, and the pool house.