Meta CEO Mark Zuckerberg Joins Billionaires Moving To South FL: Report

INDIAN CREEK, FL — Meta CEO Mark Zuckerberg is the latest billionaire to leave California and buy a home in South Florida, the Wall Street Journal exclusively reported.

He and his wife, Priscilla Chan, are buying a newly built waterfront mansion in the ultra exclusive Indian Creek community.

The property’s seller is a limited liability company with ties to Jersey Mike’s Subs founder Peter Cancro, sources told WSJ.

While it’s not clear if the deal has closed yet, local real estate agents told WSJ that the 2-acre property would likely sell for $150 million to $200 million.

Indian Creek, a village located on a man-made barrier island off Miami Beach in Biscayne Bay, has long been dubbed the “Billionaire Bunker.”

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.

Zuckerberg joins other Silicon Valley billionaires who have purchased homes in South Florida after a so-called “billionaire tax” was proposed by a union representing health care workers in California.

If the proposal moves forward, it would collect a one-time 5 percent tax from California residents worth $1 billion or more. There are about 200 billionaires in the state, according to documents filed by an attorney representing those behind the initiative.

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.

Nancy Batchelor, a Miami Beach real estate agent specializing in high-end properties, told the Miami Herald that in recent weeks she’s seen a surge of interest from California billionaires looking to leave the state — all with an eye on South Florida. She expects this trend to continue.

“It’s a big fraternity,” she said. “They all want to be part of this exclusive Miami club.”