Fall in love with a home that comes with a story and a charm unlike any other. Own and live in a piece of American history.
If these walls could talk, what a story they would tell. Prohibition-era gangster Al Capone bought this property in 1928, apparently because “it reminded him of the sunny shores of Italy.” He used this property as his sunshine retreat and getaway from his life as a big time Chicago gangster, until he died here, in his bedroom in 1947.
Seven decades later, in 2014, MB America acquired the estate on behalf of a private investor, rescued it from a state of progressive deterioration and renovated it, paying meticulous attention to its original integrity.
The wealth management and investment firm contracted a Boston-based team of experts in restoring and rebuilding heritage buildings. After 6 months of intensive work, a team of 50 people led by MB America brought the 1922 mansion back to its original splendor.
Today, 93 Palm is a private property which has been featured in a wide range of TV programs and documentaries, and has hosted photo and video shoots, events, movie and product launches.
House is built
The house is built as an investment by Pennsylvania born Clarence M. Busch, a successful realtor.
Capone buys the house
1928 After leaving Alcatraz, at the age of 29, Al Capone buys the house in his wife’s name for $40,000.
At the time, the house was owned by James W. Popham, a successful insurance broker. Capone was not in search of a house but was approached by hotel owner Parker Henderson Jr., son of a former Mayor of Miami, and then Miami Mayor John Newton Lummus Jr., who was also a realtor. James Popham was furious when he found out through insurance records that Al Capone was to be the new owner of the house as he had believed that he was selling it to Parker Henderson, Jr. (Source: Myalcaponemuseum.com)
In 1928, JW Popham filed suit to foreclose on Al Capone’s winter home. Popham alleged that he sold the property on Palm Island for $30,000 to Parker Henderson and that the Capones never paid the indebtedness or any part of it (Source: Los Angeles Times – September 13, 1928, page 5).
Capone spent $200,000 to create a winter command post with a gate-guest house, a 7ft high wall, search lights, a cabana and a coral rock grotto.
Capone is sent to prison
Capone goes to prison for a tax evasion conviction
Capone returns to Palm Island
Al Capone returns to Palm Island.
Al Capone dies in his Palm Island house on January, 25th, at the age of 48.
Capone’s wife sells the property
Mae Capone, Al Capone’s wife, sells the house to Cleveland realtor Thomas Warren Miller.
The property hits the market
William Knowles buys the house for $48,000.
93 Palm listed again
The home is sold to Mr. Roy Fowler for $50,000.
Pilot buys the property
Delta airline pilot Henry T. Morrison purchases 93 Palm avenue mansion for $56,000 without even knowing it was once owned by Al Capone.
Current owner gives 93 Palm a makeover
The house is remodeled.
Property is put on the market
Henry Morrison places the house on the market.
Property finds a new owner
Peter L. Corsell, a founder of an energy company, buys and renovates the house.
93 Palm is back on the market
The house is sold to a French buyer.
MB America buys the property
In May 2014, MB America purchases the 93 Palm Avenue property on behalf of a private investor and renames it 93 Palm.
Property taken down to the studs
In March 2015, after total refurbishment, 93 Palm re-opens as an exclusive photo and video productions venue.
Property is put on the market
MB America lists the property for a selling price of $15m