Page, Brin, Ellison, Thiel, Sacks – and now Zuckerberg.
Meta CEO Mark Zuckerberg is the latest California billionaire to head to Florida, snapping up a massive waterfront mansion in Miami’s exclusive “Billionaire Bunker” as Golden State lawmakers propose a 5 percent tax on the ultra-rich.
Zuckerberg and his wife, Priscilla Chan, purchase a newly built mansion in Indian Creek, one of the region’s most expensive enclaves. The deal has not been confirmed as done, sources with knowledge of the transaction told The Wall Street Journal, but neighbors said Zuckerberg plans to move in by April — signaling a move rather than a vacation home.
“People like Zuckerberg are planning three steps. This billionaire tax chatter has many Palo Alto homeowners doing some real math. If you’re looking at a potential 5 percent tied to equity, Florida becomes a business decision. And Indian Creek is the clearest signal that you’re serious, because it’s built for privacy and control,” Troy Ippolito, CEO of Troy Dean Home, said in reaction to Fox News Digital.
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“It’s a strong signal that South Florida is now a primary market. When someone at Zuckerberg’s level buys here, it changes the psychology of the buyer overnight,” he continued. “If this tax is actually implemented, you will see the impact first at the very top, because there are very few real trophy stocks.”
Priscilla Chan and Mark Zuckerberg at the WSJ. Magazine 2025 Innovator Awards held at the Museum of Modern Art on October 29, 2025 in New York, New York. (Getty Images)
The nearly 2-acre property is estimated to be worth $150 million to $200 million, based on comparable sales, and the listed seller is a limited liability company tied to Jersey Mike’s Subs founder Peter Cancro.
Cancro cashed in big in 2024 when it sold a majority stake in Jersey Mike’s to Blackstone for $8 billion, including debt. Zuckerberg’s house sale happened off-market, a common move for ultra-wealthy buyers seeking privacy.
Aerial views of the property show that it faces Biscayne Bay and has a private dock, wraparound terraces, lush landscaping, a waterfront pool, charming blue shutters and other elaborate amenities. The estate joins Zuckerberg’s already extensive real estate portfolio in places like Lake Tahoe and Palo Alto in California, and Kauai, Hawaii.
“It’s gated, tightly controlled, and only about 41 houses. You’re minutes from Miami, but you feel secluded. If you’re an international name and you want a truly private backyard, this is as close as you can get,” Ippolito said.
Meta did not immediately respond to Fox News Digital’s request for confirmation or comment.
Zuckerberg’s new neighbors in Indian Creek include Jeff Bezos, Tom Brady, Carl Icahn, Ivanka Trump and Jared Kushner, David Guetta, Julio Iglesias, Jaime Gilinski and Edward Lampert.
Zuckerberg’s move follows other notable longtime California-based billionaires solidifying their South Florida residency in response to a proposed California wealth tax.
Although the initiative has not yet received the 875,000 signatures required to qualify for the November ballot, the proposal – supported by the Service Employees International Union – United Healthcare Workers West – would impose a one-time 5% tax on the net worth of California residents with assets exceeding $1 billion.
The tax would be due in 2027 and taxpayers could spread their payments over five years, with additional costs, according to the California Legislative Analyst’s Office.
If voters approve the measure, everyone residing in California on January 1, 2026 would owe the tax, according to the proposal’s language.
Many South Florida Real Estate Agents told Fox News Digital that since the new year, a new wave of buyer interest has poured in from California, with an increase in calls and traffic to brokers’ websites.
“There are some other really big founders, as well as tech giants and venture capital firms, that I’ve moved here too,” luxury real estate broker Julian Johnston of the Corcoran Group previously said. “It was always a stopover, a night, an event, but Miami has changed a lot in the last 10 years. It’s more culturally interesting…They said they were very excited to settle here and then see what happens in the next few years.”
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“One customer said, ‘You know, this could be a $5 billion tax for me,'” he recalls. “So they’re moving because of that.”
“Florida seems predictable. You have a clearer tax situation, fewer obstacles and a much easier daily life,” Ippolito added. “A lot of buyers feel like California treats them like a target. Florida treats them like they belong here.”
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