Miami Real Estate Market Update
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Photo courtesy of Lenny Furman
Miami real estate asking prices are still too high, and sellers still don’t get it. If one drives around Miami Beach, or Coral Gables, particularly in those areas where luxury homes …

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Luxury Real Estate Updates

Luxury Real Estate Updates »

Al Capone’s House in Miami Beach For Sale $6.85 Million

Al Capone’s house in Miami Beach on Palm Island is for sale. Advertised as an opportunity to make a piece of Miami Beach history your own, the house once belonging to the infamous gangster Al Capone, comes replete with City of Miami Beach approved plans for rebuilding.


The Palm Island home, located at 93 Palm Ave, Miami Beach, FL, was previously listed in 2006, for $6.8 million, and went through 2 pending sales since that time, with no closing ever taking place. It was relisted for sale this month for $50,000 more than the original asking price.

Al Capone's house in Miami Beach Florida - arial viewThe historical 6,103 square feet house, is situated on a 3 quarters acre lot, with 100 linear feet of frontage facing neighboring Hibiscus Island and Biscayne Bay. Built in 1922, the Capone house is one of the oldest homes in Miami Beach. Henry Morrison, who still owns the house, according to the Miami Dade property records, purchased it in 1971 for $56,000.

Star Island Real Estate Update
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Star Island Real Estate Update

Star Island real estate in Miami Beach has suddenly become readily available to the rich and famous. Star Island, long considered the most exclusive community in all of Miami, is composed of 34 waterfront properties. …

Miami Makes Forbes List Of America’s Most Expensive Communities
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Miami Makes Forbes List Of America’s Most Expensive Communities

Fisher Island, Miami Beach, just ranked by Forbes as #37 of America’s most expensive zip codes, boasts a not too shabby median home price of $2,295,291. Forbes just published it’s new list, with 4 Miami …

Coral Gables Vacant Lot Sold For $10.65 Million
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Coral Gables Vacant Lot Sold For $10.65 Million

A Coral Gables lot directly behind Alan Potamkin’s house, sold and closed this week for $10,650,000. The lot measures more than 2.5 acres and is lined by the waterway leading directly into Biscayne Bay.
Last …

Real Estate Community On Fire Over LeBron James’ Housing Options – Miami Herald Interview With Alex Shay
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Real Estate Community On Fire Over LeBron James’ Housing Options – Miami Herald Interview With Alex Shay

The Miami Herald wrote an article yesterday, after a telephone interview with this writer. It appears in today’s print version of the paper. There are some inaccuracies in the article;for example, I did not say …

LeBron James Tries To Buy Alan Potamkin’s House in Coral Gables
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LeBron James Tries To Buy Alan Potamkin’s House in Coral Gables

LeBron James is trying to buy Alan Potamkin’s house in Coral Gables at 11 Casuarina Concourse, according to reports heard all over Miami today. Priced at a cool $49.5 million, Mr. Potamkin has been trying …

Palm Island Home Sold For $11,950,000
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Palm Island Home Sold For $11,950,000

Palm Island in Miami Beach is one of South Florida’s finest communities. Centrally located, it takes only 10 minutes to drive to the Miami International Airport, and 5 minutes to drive to world renowned South …

Miami Beach Luxury Home Sold For $16 Million
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Miami Beach Luxury Home Sold For $16 Million

Yesterday a gorgeous Miami Beach home located at 88 La Gorce Circle on prestigious La Gorce Island, sold and closed for a whopping $16 million, $3.5 million less than the listed price. The property was …

Rick Pitino’s Miami Home Reduced to $13,900,000
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Rick Pitino’s Miami Home Reduced to $13,900,000

The Miami home of Rick Pitino, former NBA New York Knicks coach, and coach of the University of Louisville basketball team since 2001, has been on the market for sale since mid-September 2008, with no …

Real Estate On The Front Line Of Luxury
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The video clip of the documentary below was recently produced for Plum TV. The first minute or so includes a part of an interview that Plum TV did with me. I was asked to respond …