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Meta CEO’s reported $150–$200 million Indian Creek purchase underscores growing migration of tech titans to Florida’s tax-friendly shores
Mark Zuckerberg is the latest Silicon Valley heavyweight to expand his real estate footprint in Florida, reportedly acquiring an ultra-luxury estate on Miami’s exclusive Indian Creek Island for an estimated $150 million to $200 million. The purchase, first reported by The Wall Street Journal, signals a broader movement of billionaires reassessing their ties to California as the state debates new wealth tax measures.
The Meta CEO and his wife, Priscilla Chan — co-founder and co-CEO of the Chan Zuckerberg Initiative — have secured a sprawling waterfront compound on Indian Creek, the gated barrier island famously nicknamed “Billionaire Bunker” for its concentration of ultra-high-net-worth residents.
Aerial images reveal an expansive estate spanning multiple adjacent lots along Biscayne Bay. Reinforced seawalls line the property, with several private docks extending into turquoise waters, offering direct yacht and boat access.
At the heart of the compound stands a newly constructed main residence, surrounded by palm-lined walkways and meticulously planned grounds. The property backs onto a lush golf course and parkland, creating a buffer of open green space behind the home. Bridges and causeways connect Indian Creek to Miami Beach and the mainland, offering both exclusivity and accessibility.
Construction equipment and unfinished landscaping visible in recent images suggest the estate is in its final stages of completion. Portions of the grounds show patchy soil and bare earth awaiting sod and plantings, while terraces and rooflines appear newly installed, with outdoor amenities still in progress.
The seller is reported to be a limited liability company linked to Jersey Mike’s founder Peter Cancro.
Indian Creek’s elite roster of residents includes David and Victoria Beckham, Tom Brady, Jeff Bezos and billionaire auto dealer Norman Braman. According to reports, Braman’s wife, Irma, indicated that Zuckerberg is expected to move into the property by April. “We’re happy to have him,” she said.
Zuckerberg’s acquisition comes amid increasing debate in California over a proposed one-time 5% “billionaire tax,” designed to raise funds for a healthcare system facing strain after federal funding cuts. The proposal has sparked concerns among high-net-worth individuals and intensified speculation about a wealth exodus from the Golden State.
Real estate agents in Miami report a noticeable influx of affluent Californians seeking ultra-luxury homes in Florida, long considered a tax haven due to its lack of state income tax.
“The 5% tax in California is really driving out people in a major way,” Danny Hertzberg, a Miami real estate agent with Coldwell Banker Realty, told The Wall Street Journal.
Zuckerberg is not alone in his Florida expansion. Google co-founder Larry Page has reportedly purchased multiple Miami properties for approximately $188 million in recent months. Fellow co-founder Sergey Brin is said to be in talks to acquire a $50 million residence in Miami Beach. Page has also moved several of his business entities out of California, reportedly to mitigate potential tax exposure.
The Miami estate adds to Zuckerberg’s already extensive property holdings, which include residences in Palo Alto, Lake Tahoe and on the Hawaiian island of Kauai. His real estate investments reflect both lifestyle preferences and strategic diversification.
Indian Creek, with its private police force, restricted access and concentration of billionaire residents, represents one of the most secure and prestigious enclaves in the United States. The island’s reputation as a sanctuary for the ultra-wealthy has only grown as high-profile tech leaders and financiers relocate or expand their presence there.
As policymakers in California continue to debate fiscal reforms, Florida’s appeal appears to strengthen. For Zuckerberg and his peers, Miami offers more than sunshine and waterfront views — it represents a strategic realignment in an evolving economic and political landscape.
Whether driven by taxation concerns, lifestyle preferences or long-term financial planning, the migration of tech billionaires to Florida is reshaping America’s map of wealth — and Indian Creek is rapidly becoming its most exclusive address.
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