The former estate site of Al Capone at 93 Palm Avenue on Miami Beach’s Palm Island sold for $21 million in August 2026. Jordan Karp and Joel Lusky represented the seller.
A 0.7-acre waterfront lot at 93 Palm Avenue on Palm Island — the site of Al Capone’s final home, where the gangster lived from 1928 until his death in 1947 — sold for $21 million in a transaction that closed in mid-August 2026, with nothing standing on the parcel but 100 feet of Biscayne Bay frontage. Sellers Albert and Karise Claramonte had purchased the property in 2021 for $15.5 million and demolished the century-old villa in 2023, over a preservation petition signed by nearly 26,000 people. Jordan Karp of Jordan Karp LLC and Joel Lusky of The Brokerage South Florida represented the sellers; Albert Justo and Mirce Curkoski of One Sotheby’s International Realty brought the buyer, Russian investor Ilya Karpov.
Capone bought the Palm Island estate for $40,000 in cash in 1928 and spent his final years there after his release from federal prison, before dying of a heart attack in the house in January 1947. His widow, Mae Capone, sold the property in 1952, and it changed hands repeatedly over the following seven decades before the Claramontes’ 2023 demolition ended its run as a standing structure.
Karpov sold his own waterfront estate on North Bay Road the same week for $72 million. On Miami Beach’s guard-gated islands, the address and the water frontage carry the value; the house, in this case quite literally, was optional.