The Florida address where gangster Al Capone died in 1947 is back up for sale as an empty 30,000-square-foot lot asking $23.9 million.

The storied property on Palm Island, a man-made isle in the Biscayne Bay off the coast of Miami, was the center of a struggle between local preservationists and various developers for years before it was ultimately torn down last summer. The owner, listed in property records as a limited liability company, is selling the empty lot as an opportunity for the buyer to build a new custom mansion.

For decades, Capone lived in a stately Spanish Colonial-style villa on the property, which he bought for $40,000 in 1928 (the equivalent of $850,577 in today’s dollars). The now-demolished home had a private beach, a gatehouse and a large 60-foot pool with a cabana. He died from a heart attack at the house at the age of 48.

The empty waterfront lot can now accommodate a new mansion spanning up to 15,000 square feet, according to information provided by listing agent Dina Goldentayer with Douglas Elliman, who put the lot on the market a week ago.

“This location is the new Estate Row on the island. The buyer will be in good company surrounded by $50 million-plus homes,” Goldentayer said in an email. The lot has 100 feet of water frontage, according to the agent.

The property last changed hands in 2021 for $15.5 million, when the current owner bought it from developer Todd Michael Glaser and his business partner Nelson Gonzalez, whose plans to raze Capone’s former house had faced strong opposition. The sale was seen as an opportunity to save the estate from demolition.

Nevertheless, the current owner tore the home down in August, a result that the Historic Preservation Association of Coral Gables—a local organization that once held a tour of the estate—called “nothing less than sacrilege.”

Rather than its ties to Capone, the property’s location—in a guard-gated community—and size are ultimately what will appeal to buyers, Goldentayer said.

“Wealthy individuals have always been drawn to Palm and Hibiscus Islands because of their estate-size parcels, security and proximity to popular destinations,” she said. “I think what will attract buyers is the rarity of a parcel of this caliber on Palm Island.”