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Al Capone's home sells for $15.5 million weeks after it was set to be demolished
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The Miami home where Al Capone took his final breath in 1947 after suffering a heart attack is being saved from demolition after a spirited campaign by locals was launched to preserve the estate.
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.
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