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Mark Zuckerberg is the latest Silicon Valley heavyweight to plant a flag in Florida, and the price tag is eye-watering even by billionaire standards. The Meta chief executive and his wife, Priscilla Chan, have reportedly bought a vast waterfront estate on Miami’s ultra-exclusive Indian Creek Island.
The deal is said to be worth somewhere between $150 million and $200 million, according to the Wall Street Journal. It adds Zuckerberg to a growing list of tech titans drifting away from California as talk of new wealth taxes rattles the state’s richest residents. The move feels symbolic. Another big name. Another headline. And perhaps another sign that America’s billionaire map is quietly being redrawn.
How Indian Creek became Miami’s most exclusive enclave
Indian Creek is not just any postcode. It’s a gated barrier island in Miami-Dade County, often nicknamed “Billionaire Bunker”.
The island is home to high-profile residents, including Jeff Bezos, Tom Brady and David and Victoria Beckham. Privacy is tight. Security is tighter, as reported by The New York Post. A dedicated police force. For the ultra-wealthy, it seems to tick all the boxes.Aerial photographs published in the US show a sprawling compound stretching across multiple adjacent lots. The estate runs along Biscayne Bay, complete with reinforced seawalls and several private docks.
Boats and yachts can pull up directly. Behind the house sits a golf course and green parkland, creating a wide buffer of open space. In a city that keeps building upwards, that kind of breathing room feels rare.
Source: NYP
Indian Creek property under construction with Zuckerberg set to move soon
Construction equipment can still be seen in some images. Bare patches of soil. Landscaping that looks half-done. It seems the property is in its final stages rather than fully move-in ready. Roofs and terraces look freshly installed.
Outdoor areas appear unfurnished. No loungers. No poolside parties. Not yet. Reports suggest Zuckerberg may move in by April. That timeline feels ambitious, though with enough resources, almost anything is possible.The seller is said to be a limited-liability company linked to Jersey Mike’s founder Peter Cancro.
Why billionaires are reportedly buying up Florida estates
Florida has long marketed itself as tax-friendly. No state income tax. Fewer regulatory headaches, some would argue.
For billionaires watching policy debates in California, that matters. California lawmakers have proposed a one-time 5% “billionaire tax” aimed at raising funds for a healthcare system under pressure. The proposal has sparked fierce debate. Some business leaders say it could drive wealth out of the state.
Critics argue it’s necessary to address funding gaps.It seems the mere discussion of such measures is already influencing decisions.Google co-founder Larry Page has reportedly bought multiple properties in Miami for around $188 million. Sergey Brin is said to be in talks for a $50 million Miami Beach home. Real estate agents in the area claim there’s been a noticeable influx of Californians shopping for ultra-luxury estates.One Miami broker told the Journal that the proposed 5% tax is “really driving out people in a major way”. That may be overstating it. Or maybe not. Wealth tends to move quietly until it doesn’t. California Governor Gavin Newsom has criticised the billionaire tax proposal, calling it badly drafted and suggesting it has already had an outsized impact. The politics are messy. The optics even more so.
English (US) ·