From Fox Business: Page, Brin, Ellison, Thiel, Sacks — and now, Zuckerberg.
Meta CEO Mark Zuckerberg is the latest California billionaire heading for Florida, snapping up a massive waterfront mansion in Miami’s exclusive “Billionaire Bunker,” as Golden State lawmakers push a proposed 5% tax on the ultra-wealthy.
Zuckerberg and his wife, Priscilla Chan, are buying a newly built mansion on Indian Creek, one of the area’s most expensive enclaves. The deal has not been confirmed as closed, sources with knowledge of the transaction told The Wall Street Journal, but neighbors said Zuckerberg plans to move in by April — signaling a relocation rather than a vacation home.
“People like Zuckerberg plan three moves ahead. That billionaire tax chatter has a lot of Palo Alto owners doing real math. If you’re staring at a potential 5% hit tied to net worth, Florida becomes a business decision. And Indian Creek is the clearest signal you’re serious, because it’s built for privacy and control,” Troy Dean Home CEO Troy Ippolito told Fox News Digital in reaction.
Zuckerberg reportedly purchased the nearly 2-acre property from a limited liability company tied to Jersey Mike’s Subs founder Peter Cancro. The property is estimated to be worth $150 million to $200 million, based on similar sales. The sale to Zuckerberg was off-market, a common move for ultra-wealthy buyers seeking privacy, the report explains.
Zuckerberg’s new Florida home is located across Biscayne Bay and features a private dock, wraparound terraces, lush landscaping, a waterfront pool, charming blue shutters and other elaborate amenities.
Some of his new neighbors will include Jeff Bezos, Tom Brady, Carl Icahn, Ivanka Trump and Jared Kushner, David Guetta, Julio Iglesias, Jaime Gilinski and Edward Lampert.
Realtor.com reported: The 1.84 acres on which the home now sits previously sold for the sky-high price of $37 million in 2021 to an LLC linked to Jersey Mike’s founder Peter Cancro, according to records seen by Realtor.com®.
Although California’s “wealth tax” legislation has not yet been signed into law, many wealthy people aren’t waiting around, and are moving out of the state. If the new tax law does go into effect, Realtor.com noted that it would likely cost Zuckerberg around $12 billion, given his net worth.
Zuckerberg also owns home in Washington, DC., Lake Tahoe and Palo Alto in California, and Kauai, Hawaii.
Exclusive: Billionaire Meta CEO Mark Zuckerberg and his wife, Priscilla Chan, are purchasing a newly completed waterfront mansion on Miami’s Indian Creek, becoming the latest California billionaires to buy a home in South Florida. https://t.co/VpmTXnqUyA
— The Wall Street Journal (@WSJ) February 9, 2026
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