Mark Zuckerberg shuns California, buys Miami – Business News
Mark Zuckerberg is the most recent tech titan to splash enormous money on a Florida property as billionaires proceed to shun the Golden State, based on a new report.
The Meta CEO and his spouse Priscilla Chan bought an property on Miami’s Indian Creek that possible offered for between $150 million and $200 million, the Wall Street Journal reported.
Mark Zuckerberg and his spouse Priscilla Chan, co-founder and co-CEO of the Chan Zuckerberg Initiative, in Nov. 2025. AP
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Aerial photographs obtained completely by The Post show a sprawling waterfront compound spanning a number of adjoining heaps on Indian Creek, a gated barrier island nicknamed “Billionaire Bunker” for its ultra-wealthy residents, together with David and Victoria Beckham, Tom Brady and Jeff Bezos, amongst others.
The property stretches alongside Biscayne Bay, with bolstered seawalls and several other personal docks extending into the turquoise water, offering direct entry for boats and yachts.
A big, newly constructed major residence stands on the middle of the compound — flanked by palm-lined walkways and manicured grounds.
Construction gear and unfinished landscaping seen within the photographs show the home is in its remaining phases of completion.
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Several inside sections show naked ground, patchy soil and areas awaiting sod, plantings or remaining grading — suggesting the landscaping part is just not but full.
Parts of the roofs, terraces and walkways seem newly put in — with no seen furnishings or completed outside facilities
Aerial photographs of the property show a sprawling waterfront compound spanning a number of adjoining heaps on Indian Creek. New York Post
Indian Creek is a gated barrier island nicknamed “Billionaire Bunker” for its focus of ultra-wealthy residents. New York Post
The property backs onto a lush golf course and parkland, offering a buffer of open inexperienced space behind the home. New York Post
The property backs onto a lush golf course and parkland, offering a buffer of open inexperienced space behind the home, whereas bridges and causeways join the island to Miami Beach and the mainland.
Agents and brokers in Miami mentioned there was an inflow of Californians searching for ultra-luxury properties to grab up within the space.
Google co-founder Larry Page bought a number of properties in Miami for round $188 million in current months, whereas fellow co-founder Sergey Brin is in talks to buy a $50 million home in Miami Beach.
The purchases come as California legislators have proposed a one-time 5% “billionaire tax” to scrounge up funds for a health care system underneath pressure after federal funding cuts.
Construction gear and unfinished landscaping seen within the photographs counsel the home was not too long ago accomplished or is in its remaining phases of completion. New York Post
Page moved a number of of his business entities out of California to keep away from the new tax.
Real property brokers consider California’s potential new tax is sending billionaires out of the state and into tax havens like Florida.
“The 5% tax in California is really driving out people in a major way,” Danny Hertzberg, a Miami real-estate agent at Coldwell Banker Realty, advised the Journal.
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Gov. Gavin Newsom is against the billionaires tax, calling it a “badly drafted effort” that has already had a “outsized impact on this state.”
The vendor of the Zuckerberg property is a limited-liability company tied to Jersey Mike’s founder Peter Cancro.
The home sits on the barrier island of Indian Creek, additionally home to billionaire auto vendor Norman Braman. Braman’s spouse Irma advised the Journal that Zuckerberg deliberate to maneuver into the Miami property by April.
“We’re happy to have him,” she mentioned.
Zuckerberg’s new home provides to his in depth real estate portfolio, together with mansions in Palo Alto, Lake Tahoe and on the Hawaiian island of Kauai.
Additional Reporting by Ariel Zilber.
