Pablo Escobar's, aka the "King of Cocaine", former Miami beach home is being demolished by the new owners to make way for a new modern multi-million dollar mansion. According to public records, Escobar purchased the home back in 1980 for $760,000. Current owners, Christian de Berdouare and Jennifer Valoppi, paid a reported $9.6 Million in May of 2014 for the home, which sits on a 33,000 soft Lot. Demolition will continue and we'll keep you posted on the progress of the new mansion.
Source: The Real Deal.