Meta boss Mark Zuckerberg is the world’s fourth-richest man, with a net worth of $232 billion, and he just got poorer by roughly $150–$200 million. The reason is his latest purchase, a Florida mansion on Miami’s Indian Creek, reportedly bought from an entity linked to Jersey Mike’s founder Peter Cancro, turning the deal into a quiet billionaire-to-billionaire handoff. The purchase comes as California proposes a 5% billionaire tax while Florida offers no state income tax. Zuckerberg and his better half, Priscilla Chan’s newly built dwelling is a gorgeous waterfront mansion sitting on a nearly 2-acre lot. This puts them in the growing bandwagon of California billionaires who are planning to, or already have, shifted base.
Zuckerberg’s move signals he is following suit and snapping up real estate somewhere other than the Hawaiian island of Kauai, where he could be dubbed the uncrowned king of Kauai owing to his land ownership. Back in Billionaire Bunker, he is one among many other tech tycoons and ultra-high-net-worth individuals like Jeff Bezos, Ivanka Trump, Jared Kushner, Carl Icahn, Tom Brady, and others.
The Miami mansion of the man worth $232 billion
The 40-year-old billionaire’s new construction at 2 Indian Creek Island Road will enjoy several enviable perks like long Biscayne Bay frontage and a private dock, with aerial shots showing a broad bayfront lawn and a dock big enough for a sizeable yacht. Perhaps he can park his $300 million Launchpad or $100 million Wingman right at the back of his home, a flex only afforded by centibillionaires like the Facebook co-founder. Construction records list 2 Indian Creek as a roughly 30,000-square-foot residential shell with a breezy, resort-style composition.
The main house is surrounded by multiple pavilions wrapped around courtyards, with extensive glass, deep overhangs, and strong indoor–outdoor flow. It sounds just like something Zuckerberg would prefer, given that his Palo Alto home is the culmination of 11 homes and even includes his daughters’ school inside.
Mark’s new neighbors
According to The Wall Street Journal, billionaire auto dealer Norman Braman and his wife Irma Braman live next door to Zuckerberg’s new home. Reached by phone, Irma said Zuckerberg had told them he planned to move into the property by April. “We’re happy to have him,” she said. We sure hope this stance does not change once Mark Zuckerberg starts developing this into one of his eccentric dwellings. Work went on for so long at his Palo Alto residence that, to drown out the constant construction noise from his sprawling $110 million compound, Zuckerberg’s staff handed out noise-canceling headphones and Krispy Kreme doughnuts to his annoyed multimillionaire neighbors.
Mark jumps onto the big billionaire migration-
It is not just Zuckerberg. Google co-founder Larry Page has purchased several properties in the Coconut Grove area for roughly $188 million in the past few months. Even tech titan Sergey Brin has been in discussions to purchase a property in Miami Beach for $50 million. The renderings The Wall Street Journal references for Zuckerberg’s new home show blue shutters, water features, wraparound terraces, and a large bayfront pool, making it feel more like a private resort than a single hulking box.
The posh address and its amenities
The upscale Village of Indian Creek is a separate incorporated municipality, a gated, man-made barrier island with only 41 waterfront home sites surrounding a private golf course called the Indian Creek Country Club. Owing to its well-heeled residents, Indian Creek has its own public-safety department with a marine patrol boat and a 24/7 perimeter patrol. It would not be wrong to say Mark Zuckerberg has zeroed in on one of the most protected and secure incorporated municipalities in the United States, and he saves on tax too. It is a win-win.