It's Strictly Business
Wanna buy a used mansion?
The sprawling, waterfront compound is where notorious Chicago gangster Al Capone died after being released from Alcatraz and is said to have plotted the St. Valentine's day massacre in 1929.No word on whether or not Geraldo Rivera is interested...
The 10,000-square-foot baby blue mansion sits on exclusive Palm Island, sandwiched in Biscayne Bay between downtown Miami's skyscrapers and South Beach's hotel district.
The current owner, a Florida company managed by New York accountant Anthony Panebianco, purchased the home barely six months ago for $7.4 million, according to Miami-Dade property records.
The mansion was built in 1922 by Clarence Busch, a member of the Anheuser-Busch brewing family. Capone, who made a vast fortune importing and selling liquor during prohibition, bought it in 1928 for $40,000 after being chased out of Chicago and later Los Angeles, according Ron Chepesiuk, a journalist and author of the book Gangsters of Miami.