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Mark Zuckerberg moves to Florida’s ‘Billionaire Bunker’ amid CA wealth tax
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Web page, Brin, Ellison, Thiel, Sacks – and now Zuckerberg.
Meta-CEO Mark Zuckerberg is the newest California billionaire to go to Florida, shopping for up an enormous waterfront mansion in Miami’s unique “Billionaire Bunker” as Golden State lawmakers push a proposed 5% tax on the ultra-wealthy.
Zuckerberg and his spouse Priscilla Chan are buying a newly constructed mansion on Indian Creek, one of many space’s costliest enclaves. The deal has not but been confirmed as closed, sources with data of the transaction advised The Wall Road Journal, however neighbors mentioned Zuckerberg plans to maneuver in in April — suggesting a transfer reasonably than a trip residence.
“Folks like Zuckerberg are planning three steps forward. This discuss billionaire tax returns is making many Palo Alto homeowners do some actual math. Once you have a look at a possible 5% acquire tied to wealth, Florida turns into a enterprise resolution. And Indian Creek is the clearest sign that you just imply enterprise as a result of it is constructed for privateness and management,” Troy Dean Dwelling CEO Troy Ippolito advised Fox Information Digital.
PETER THIEL DONATES $3M TO GROUP FIGHTING PROPOSED CALIFORNIA BILLIONAIRE TAX
“This can be a loud sign that South Florida is now a major market. If somebody at Zuckerberg’s degree buys right here, it can change purchaser psychology in a single day,” he continued. “If that tax is definitely applied, you may see the influence on the very high first, as a result of there’s so little actual trophy stock.”
Priscilla Chan and Mark Zuckerberg on the WSJ. Journal 2025 Innovator Awards held on the Museum of Trendy Artwork on October 29, 2025 in New York, New York. (Getty Photos)
The almost 5-acre property is estimated to be price $150 million to $200 million, primarily based on comparable gross sales, and the reported vendor is a restricted legal responsibility firm tied to Jersey Mike’s Subs founder Peter Cancro.
Cancro made massive cash in 2024 when he offered a majority stake in Jersey Mike’s to Blackstone for $8 billion, together with debt. His home sale to Zuckerberg happened off-market, a standard transfer for ultra-wealthy patrons in search of privateness.
Aerial images of the property present that it sits throughout the road from Biscayne Bay and incorporates a non-public dock, surrounding terraces, lush landscaping, a waterfront pool, charming blue shutters, and different intensive facilities. The property joins Zuckerberg’s already intensive actual property portfolio in locations like Lake Tahoe and Palo Alto, California, and Kauai, Hawaii.
“It is one entrance, tightly managed, and solely about 41 homes. You are minutes from Miami, however it feels remoted. If you happen to’re a worldwide title and also you desire a actually non-public yard, that is as shut as you will get,” Ippolito mentioned.
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Meta didn’t instantly reply to Fox Information Digital’s request for affirmation or remark.
A few of Zuckerberg’s new neighbors at Indian Creek embody Jeff Bezos, Tom Brady, Carl Icahn, Ivanka Trump and Jared Kushner, David Guetta, Julio Iglesias, Jaime Gilinski and Edward Lampert.
Zuckerberg’s transfer comes on the heels of different notable, longtime California-based billionaires who’ve strengthened their residence in South Florida in response to a proposed wealth tax in California.
Though the initiative has not but obtained the required 875,000 signatures to qualify for the November poll, the proposal – backed by the Service Workers Worldwide Union – United Healthcare Employees West – would impose a one-time 5% tax on the web price of California residents with belongings over $1 billion.
Corcoran Group agent Julian Johnston speaks solely to Fox Information Digital concerning the new wave of California billionaires migrating to South Florida due to a proposed wealth tax.
Based on the California Legislative Analyst’s Workplace, the tax could be due in 2027 and taxpayers might unfold the funds over 5 years, leading to further prices.
If voters approve the measure, anybody who was a California resident on Jan. 1, 2026, would owe the tax, in line with the proposal’s language.
Many South Florida actual property brokers advised Fox Information Digital {that a} new wave of curiosity from California patrons has poured in for the reason that new 12 months, with extra telephone calls and extra web site visitors from actual property brokers.
“There are a number of different very massive founders and likewise tech giants and enterprise capitalist corporations, the heads of which I’ve moved right here as properly,” luxurious actual property agent Julian Johnston of The Corcoran Group mentioned earlier. “It was at all times a stopover, one evening, an occasion, however Miami has modified rather a lot within the final 10 years. It is extra culturally attention-grabbing… They mentioned they have been actually excited to maneuver right here and see what occurs within the subsequent few years.”
FOX Enterprise host Marcus Lemonis discusses billionaires fleeing California to keep away from a proposed wealth tax on ‘The Backside Line’.
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“One consumer mentioned, ‘You recognize, this could possibly be a $5 billion tax for me,’” he remembers. “In order that’s why they’re shifting.”
“Florida feels predictable. You might have a clearer tax image, fewer hurdles and a a lot simpler day-to-day,” Ippolito mentioned. “Many patrons really feel like California is treating them like a goal. Florida is treating them like they belong right here.”