For Sale: Al Capone's Miami Beach Mansion Gangster died at $8.45M Palm Island estate By Evann Gastaldo, Newser Staff Posted Feb 10, 2014 10:24 AM CST 7 comments Comments This Jan. 19, 1931 file photo shows Chicago mobster Al Capone at a football game. (AP Photo/File) (Newser) – Got $8.45 million kicking around? You could buy the Miami Beach mansion where Al Capone died—and from which he supposedly plotted the infamous 1929 Valentine's Day Massacre. Capone bought the 10,000-square-foot Palm Island mansion in 1928 for $40,000 after he was chased out of Chicago and Los Angeles, Reuters reports. It remained in his family until the 1970s, when a Delta pilot bought it and it fell into disrepair; it was restored and put back on the market in 2011. A Florida company bought it just six months ago for $7.4 million, but now it's on the market again. Capone was at the waterfront mansion when his Chicago associates executed seven men in the Valentine's Day Massacre: "While the most spectacular gangland slaying in mob history was going down in Chicago, (Capone) was 1,300 miles away at a party at his Palm Island estate, providing him with a perfect alibi," wrote Gangsters of Miami author Ron Chepesiuk. Why Florida? "A lot of the booze he was marketing was coming through Miami and south Florida," a historian explains. The location was also popular with mobsters since it's close to Havana. What will your millions get you? According to NBC Chicago, a seven-bedroom main home, two-story guest house, two-story cabana house, an oversized pool, and a private beach.