The Florida property where gangster Al Capone died in 1947 is hitting the market as an empty lot for as much as $23.9 million: the house was demolished last summer

The lot where famed gangster Al Capone's Florida home once stood is for sale with an asking price of a whopping $23.9 million.

The property on exclusive Palm Island, a man-made island off the coast of Miami, is advertised as a 30,000-square-foot lot that can accommodate a 15,000-person mansion.

Following protests from local preservationists, Capone's home, where he died of a heart attack in 1947 at the age of 48, was demolished last summer.

The land is now being offered as an opportunity for an ultra-wealthy individual to build his or her dream home.

Before its demolition, Capone's home on the property was an elegant Spanish Colonial-style villa overlooking the water.

Al Capone's former home is seen during a tour of the historic home on March 18, 2015 in Miami Beach, Florida

The American gangster paid $40,000 for the house in 1928 – less than $1 million in today's dollars.

During Capone's time on the estate there was an 60-foot swimming pool with a cabana, a private beach and a gatehouse.

In 1947, after neurosyphilis rotted Capone's brain for years, reducing his mental abilities to those of an adolescent, he died several days after suffering a stroke.

It is said that he spent his last years at home fishing and playing one-man tennis against a wall as his mind deteriorated.

Now the empty waterfront lot, flanked by $50 million homes, is listed with Douglas Elliman for the first time since 2015 – Dina Goldentayer is the listing agent.

Several years ago, the property, which at the time included the house, was sold by developer Todd Michael Glaser and a business partner to the current owner for $15.5 million.

The current owner, who made the decision to demolish the house, is listed only as an LLC.

Capone's home was demolished last August, much to the dismay of the Historic Preservation Association of Coral Gables, which called the action “nothing short of sacrilege.” Mansion Global.

The property on Palm Island is marketed as a spacious plot with enough space to build a dream home. Here is a rendering of what a newly built home might look like

The plot offers access to the water of 30 meters, perfect for the possibility of building a dock for private sea vessels

840 SEI*189648967 Notorious gangster Al Capone smokes a cigar on the train taking him to the federal prison in Atlanta, where he began serving his eleven-year sentence

The plot is surrounded by equally extravagantly priced mansions

American gangster Al Capone ('Scarface') (1899 – 1947) relaxes in his holiday home, Miami, Florida, 1930 – the house where the empty lot now stands

An aerial photo shows what once was of Capone's vacation home, which has since been demolished

The pool cabana is seen during a tour of Al Capone's former home on March 18, 2015 in Miami Beach, Florida

“Wealthy individuals have always been attracted to the Palm and Hibiscus Islands for their estate-sized plots, security and proximity to popular destinations,” said Dina Goldentayer, the property's agent.

Goldentayer argues that for the property's ultra-wealthy potential buyers, the country's historic ties aren't really a primary selling point.

Rather, it is the security of the gated community, the proximity to popular destinations and the size of the lot that will ultimately appeal to buyers.

“Wealthy individuals have always been attracted to the Palm and Hibiscus Islands for their estate-sized plots, security and proximity to popular destinations,” she told Mansion Global.

“I think what will attract buyers is the rarity of a plot of this caliber on Palm Island.”