By CBSMiami.com Team

MIAMI BEACH (CBSMiami/AP) — Al Capone’s Miami mansion has been sold for $15.5 million.

CBS4 news partner the Miami Herald reported Tuesday that the home was sold to 93 Palm Residence LLC, managed by Coral Gables accountant Toni Alam.

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Capone, the original “Scarface,” bought the waterfront house for $40,000 in 1928. He died there in 1947 from a heart attack.

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Developer Todd Michael Glaser and partner Nelson Gonzalez, senior vice president of Berkshire Hathaway HomeServices EWM bought the residence in August for $10.75 million with plans to demolish it and replace it with a more modern project. But preservationist in Miami Beach balked at their plans.

Glaser said the offer came out of the blue and compared it to a winning lottery ticket.

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“If someone tells you they want to give you a $5 million lotto ticket, of course you’d take it,” Glaser said.

CBSMiami.com Team