Mark Zuckerberg’s $170M FL Estate Is Most Expensive Home Sale In U.S.

MIAMI, FL — Meta CEO Mark Zuckerberg is one of the latest billionaires flocking to South Florida, amidst wealth taxes proposed in West Coast states, after last month’s closing on a $170 million waterfront estate on an island appropriately dubbed “Billionaire Bunker.”

The 2-acre Indian Creek property, at 7 Indian Creek Island Road, was not only easily the most expensive home sold in the U.S. in March, but the most expensive home ever sold in Miami-Dade County, according to a new report from RedFin.

Indian Creek, a village located on a man-made barrier island off Miami Beach in Biscayne Bay, has always been a magnet for the ultra wealthy.

Last year, an empty lot on the island sold for $105 million, according to the New York Post. Meanwhile, another nearly completed Indian Creek home is listed for $200 million, reports said.

The gated community is already home to Amazon founder Jeff Bezos — who scooped up a third property on the island for his compound in 2024 — billionaire investor Carl Icahn, and Ivanka Trump and Jared Kushner.

Miami already has the highest concentration of millionaires and billionaires per capita in the U.S., based on data from a study from global advisory firm Henley & Partners, Miami New Times reported. About 6.7 percent or 38,800 of Miami residents — including those in Coral Gables and Miami Beach — hold millionaire status, while 180 are centi-millionaires and 17 are billionaires, including several of the richest people in the world.

After West Coast states have proposed wealth taxes on its richest residents, even more of the super rich are swapping out their hoodies for flip-flops.

In California, a so-called “billionaire tax” was proposed by a union representing health care workers in California. And Washington enacted a 9.9 percent tax — dubbed the “millionaires’ tax” — on personal income over $1 million with collections beginning in 2029.

In addition to Zuckerberg, former Starbucks CEO Howard Schulz last announced on the same day Washington’s House passed the new tax that he would be retiring to the Miami area, the Morning Brew said.

See Also:

• Tennis Champion’s Waterfront FL Home Hits The Market For $2.6M
• Tampa's Iconic ‘Beer Can Building’ Has New Owners
• $11M Asking Price For Hulk Hogan’s Clearwater Beach Home
• Hulk Hogan’s Clearwater Beach Cottage Hits The Market For $4.5M

He reportedly dropped $44 million on a Surfside penthouse, just directly across the bay from Indian Creek.

Google co-founder Larry Page, spent $188 million on several properties earlier this year to assemble a waterfront estate in Miami’s Coconut Grove neighborhood, the New York Post reported.

Another Google co-founder, Sergey Brin, is also buying a $50 million oceanfront home on Miami Beach’s Allison Island, the Post said earlier this month.

Billionaires Ken Griffin and Stephen Ross, who already call the Sunshine State home, recently launched a $10 million initiative called Ambition Accelerated geared toward convincing CEOs and high-level business leaders to relocate to South Florida, the Tampa Bay Times reported.

Companies are also moving their corporate headquarters to Florida in droves.

In January, D-Wave announced its move from Palo Alto to Boca Raton with plans to build a major research and development hub at the Boca Raton Innovation campus, according to Refresh Miami. Florida Atlantic University also signed a $20 million deal with the company to install one of its Advantage2 annealing quantum computers on campus.

Software company Palantir, which was founded in Palo Alto, posted to X in February that it moved its headquarters from Denver to Miami. Its co-founder, Peter Thiel, also relocated to the area, CNBC said.

And earlier this year, Wells Fargo became the first major bank to move its operations headquarters to Florida, relocating to West Palm Beach, Fox Business News said.

“A lot of people are coming here for tax efficiency, and as a result of that the ecosystem has really matured here in South Florida,” Anthony De Yurre, a partner at Miami-based law firm Bilzin Sumberg, told MarketWatch.

The executives moving to Florida tend to have their “own center of gravity,” as employees and families relocate with them, De Yurre added.