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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 information of the transaction advised The Wall Avenue Journal, however neighbors stated Zuckerberg plans to maneuver in by April — signaling a relocation somewhat than a trip dwelling.
“Individuals like Zuckerberg plan three strikes forward. That billionaire tax chatter has a variety of Palo Alto homeowners doing actual math. In the event you’re watching a possible 5% hit tied to internet value, Florida turns into a enterprise choice. And Indian Creek is the clearest sign you’re severe, as a result of it’s constructed for privateness and management,” Troy Dean Dwelling CEO Troy Ippolito advised Fox Information Digital in response.
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“This can be 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 truly strikes ahead, you’ll see the affect first on the very high, 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 almost 2-acre property is estimated to be value $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 offered a majority stake in Jersey Mike’s to Blackstone for $8 billion, together with debt. His dwelling sale to Zuckerberg was off-market, a typical transfer for ultra-wealthy patrons looking for privateness.
Aerial views of the property present that it sits throughout Biscayne Bay and includes a personal dock, wraparound terraces, lush landscaping, a waterfront pool, charming blue shutters and different elaborate facilities. The property joins Zuckerberg’s already in depth 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 worldwide 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 embody 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 acquired 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 value of California residents with belongings exceeding $1 billion.
The Corcoran Group agent Julian Johnston solely speaks to Fox Information Digital concerning the new wave of California billionaires migrating to South Florida resulting from a proposed wealth tax.
The tax can be due in 2027, and taxpayers may unfold funds over 5 years, with extra prices, in line 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 line with the proposal’s language.
Many South Florida actual property brokers have advised Fox Information Digital that because the new 12 months, a recent wave of purchaser curiosity has flooded in from California, with elevated calls and dealer web site visitors.
“There’s a couple of different very large founders and likewise tech giants and likewise enterprise capitalist corporations, 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 evening, an occasion, however Miami’s modified quite a bit within the final 10 years. It is culturally extra fascinating… They stated they had been fairly completely happy 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 consumer stated, ‘You recognize, this could possibly be like a $5 billion tax for me,’” he recalled. “So that they’re transferring due to that.”
“Florida feels predictable. You’ve got a clearer tax image, fewer hurdles, and a a lot simpler day-to-day,” Ippolito weighed in. “A whole lot of patrons really feel like California treats them like a goal. Florida treats them like they belong right here.”
