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Web page, Brin, Ellison, Thiel, Sacks — and now, Zuckerberg.
Meta CEO Mark Zuckerberg is the most recent California billionaire heading for Florida, snapping up an enormous waterfront mansion in Miami’s unique “Billionaire Bunker,” as Golden State lawmakers push a proposed 5% tax on the ultra-wealthy.
Zuckerberg and his spouse, Priscilla Chan, are shopping for a newly constructed mansion on Indian Creek, one of many space’s costliest enclaves. The deal has not been confirmed as closed, sources with data of the transaction informed The Wall Road Journal, however neighbors stated Zuckerberg plans to maneuver in by April — signaling a relocation reasonably than a trip residence.
“Folks like Zuckerberg plan three strikes forward. That billionaire tax chatter has numerous Palo Alto homeowners doing actual math. In the event you’re watching a possible 5% hit tied to web price, Florida turns into a enterprise choice. And Indian Creek is the clearest sign you’re critical, as a result of it’s constructed for privateness and management,” Troy Dean Residence CEO Troy Ippolito informed Fox Information Digital in response.
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“It is a loud sign that South Florida is a major market now. When somebody at Zuckerberg’s degree buys right here, it adjustments purchaser psychology in a single day,” he continued. “If that tax really strikes ahead, you’ll see the affect first on the very prime, as a result of there’s so little true trophy stock.”
Priscilla Chan and Mark Zuckerberg on the WSJ. Journal 2025 Innovator Awards held at The Museum of Fashionable Artwork on October 29, 2025, in New York, New York. (Getty Photos)
The practically 2-acre property is estimated to be price $150 million to $200 million, based mostly on comparable gross sales, and the reported vendor is a restricted legal responsibility firm tied to Jersey Mike’s Subs founder Peter Cancro.
Cancro cashed out large in 2024 when he bought a majority stake in Jersey Mike’s to Blackstone for $8 billion, together with debt. His residence sale to Zuckerberg was off-market, a typical transfer for ultra-wealthy consumers in search of privateness.
Aerial views of the property present that it sits throughout Biscayne Bay and encompasses a personal dock, wraparound terraces, lush landscaping, a waterfront pool, charming blue shutters and different elaborate facilities. The property joins Zuckerberg’s already intensive actual property portfolio in locations like Lake Tahoe and Palo Alto in California, and Kauai, Hawaii.
“It’s one entrance, tightly managed, and solely about 41 houses. You’re minutes from Miami, however it feels remoted. In the event you’re a world title, and also you need a really personal yard, that is as shut because it will get,” Ippolito stated.
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Meta didn’t instantly reply to Fox Information Digital’s request for affirmation or remark.
A few of Zuckerberg’s new neighbors on Indian Creek embrace Jeff Bezos, Tom Brady, Carl Icahn, Ivanka Trump and Jared Kushner, David Guetta, Julio Iglesias, Jaime Gilinski and Edward Lampert.
Zuckerberg’s transfer comes on the heels of different notable, longtime California-based billionaires who’ve solidified residency in South Florida in response to a proposed California wealth tax.
Although the initiative has not but obtained the required 875,000 signatures to qualify for the November poll, the proposal — backed by the Service Staff Worldwide Union–United Healthcare Employees West — would impose a one-time 5% tax on the web price of California residents with property exceeding $1 billion.
The Corcoran Group agent Julian Johnston solely speaks to Fox Information Digital in regards to the new wave of California billionaires migrating to South Florida on account of a proposed wealth tax.
The tax could be due in 2027, and taxpayers might unfold funds over 5 years, with further prices, in accordance with the California Legislative Analyst’s Workplace.
If voters approve the measure, anybody who was a California resident on Jan. 1, 2026, would owe the tax, in accordance with the proposal’s language.
Many South Florida actual property brokers have informed Fox Information Digital that for the reason that new 12 months, a recent wave of purchaser curiosity has flooded in from California, with elevated calls and dealer web site visitors.
“There’s just a few different very large founders and in addition tech giants and in addition enterprise capitalist companies, the heads of which I’ve additionally moved right here,” luxurious actual property dealer Julian Johnston of The Corcoran Group beforehand stated. “It was all the time a layover, one night time, an occasion, however Miami’s modified so much within the final 10 years. It is culturally extra fascinating… They stated they have been fairly glad to maneuver right here after which see what occurs within the subsequent few years.”
FOX Enterprise host Marcus Lemonis discusses billionaires fleeing California to keep away from a proposed wealth tax on ‘The Backside Line.’
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“One shopper stated, ‘You already know, this might be like a $5 billion tax for me,’” he recalled. “In order that they’re transferring due to that.”
“Florida feels predictable. You may have a clearer tax image, fewer hurdles, and a a lot simpler day-to-day,” Ippolito weighed in. “Plenty of consumers really feel like California treats them like a goal. Florida treats them like they belong right here.”
