The property traded hands for a whopping $15.5 million, records show, on Sept. 24. The sale comes only weeks after it was purchased by developers Todd Michael Glaser and his business partner Nelson Gonzalez in August for $10.75 million.
At the time, Glaser told the Wall Street Journal of his plans to tear down the 7,500-square-foot Palm Island residence in favor of a modern build.
Despite Capone’s nefarious reputation and criminal history, an online petition with over 25,000 signatures was started to stop the development.
KISS BASSIST GENE SIMMONS SELLS LOS ANGELES HOME FOR $16 MILLION
“Miami Beach risks losing an important part of not just our local history, but of US history if this demolition is allowed to proceed,” organizers said in the petition. “The loss of this landmark structure and its replacement with a new oversized 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 if the home could be torn down, in mid-September.
In an interview with the Miami Herald, they likened the recent sale of the property to winning the lottery.
The Brooklyn-born gangster purchased the seven-bedroom, seven-bathroom home in 1928 for $40,000. It was built in 1922.
Fully renovated and remodeled in 2015, the home has been on and off the market since 2018.
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The Spanish Colonial-style waterfront mansion features views of Biscayne Bay, and boasts a private beach, a gatehouse and a 30-by-60-foot pool with a cabana, according to the listing.
The tropically landscaped property consists of three separate structures: the main house, guest house and pool house.