Al Capone’s Final House Sells for Over $7 Million

When people think of organized crime in America Al Capone if one of the first figures that everyone thinks of. The Chicago-based crime lord made a fortune in the black market for alcohol in the 1920s and he became the most notorious gangster from the era of Prohibition. In 1931, he was convicted of tax evasion and sentenced to eight years in Alcatraz. After getting out of prison he bought an estate in Miami Beach for $40,000 in cash where he lived until his death in 1947 at the age of 48.

Well it turns out that Capone and his successors could have made a fortune through more legitimate means with this house. The house where Capone spent the final years of his life recently sold for $7,431,750 according to Zillow. Adjusting for inflation the home’s value appreciated by $6.7 million between the time Capone bought the house and today. The estate has a two guesthouses and a 30′ x 60′ swimming pool and everything was recently renovated to add the most modern of amenities. Even if Capone had lived another 25 years the house’s value would have long since recouped the initial investment. Just consider that if alcohol wasn’t illegal in the 1920s Al Capone would have been a microbrewer instead of a mafia boss, but he still could have become a wildly successful real estate mogul in Miami.


It sure beats Alcatraz as a retirement home.

Churchill has short-term rental apartments throughout Florida and Nationwide. Please contact us at 866-255-0593 or email National@FurnishedHousing.com for more information.

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