Miami just scored another tech titan.

Mark Zuckerberg and his wife, Priscilla Chan, are the latest heavyweights to buy on Indian Creek Island—Miami’s ultra-exclusive, police-guarded enclave better known as “Billionaire Bunker.” Sources close to the deal say the Meta CEO is purchasing a newly completed waterfront mansion, and while the exact number hasn’t been confirmed, insiders estimate the home could have easily traded between $150 million and $200 million—or more. That puts it squarely in rarefied air among the most expensive residential sales in Florida history. And Zuckerberg isn’t arriving alone. His move is part of a full-blown billionaire buying spree sweeping Miami Beach.

The Billionaire Buying Frenzy

In recent months alone, Miami Beach has seen jaw-dropping sales including $105 million at 5940 North Bay Road, $100 million at 18 La Gorce Drive, and $120 million at 26 Star Island Drive. The message is loud and clear: the world’s wealthiest are voting with their checkbooks—and they’re voting South Florida.

From Silicon Valley to the Sand

Zuckerberg already owns an impressive real estate portfolio in Palo Alto, Lake Tahoe, and Hawaii’s Kauai, but this Indian Creek purchase marks a bold escalation in Miami’s billionaire migration.

The seller? A limited liability company tied to Peter Cancro, founder of Jersey Mike’s Subs, who sold a majority stake in the sandwich empire to Blackstone in 2024 in an $8 billion deal. The home was never publicly listed—par for the course in Miami’s ultra-luxury, off-market world.

From across Biscayne Bay, the estate is impossible to miss, boasting wraparound terraces, a private dock, dramatic water features, and a waterfront pool, according to renderings by CMA Design Studio. This isn’t just a house—it’s a statement.

Billionaire Row Adds Another Power Player

Indian Creek has quietly become the most elite ZIP code in America, home to names like Jeff Bezos, Carl Icahn, and auto mogul Norman Braman, who happens to live next door to Zuckerberg’s new property.

There’s been plenty of buzz on the island in recent weeks, and it now seems confirmed. Braman’s wife, Irma, shared that Zuckerberg told them he plans to move in by April. “We’re happy to have him,” she said—because who doesn’t want a tech billionaire as a neighbor?

Another nearly completed mansion on the island is currently listed for $200 million, reinforcing just how far—and how fast—values continue to climb.

Taxes, Tech, and a Market on Fire

Zuckerberg’s Miami move comes as California weighs a proposed 5% billionaire tax, while Florida continues to offer no state income tax—a difference that can mean tens of millions of dollars a year for ultra-high-net-worth buyers. “California is really driving out people in a major way,” said Jeff Miller of One Sotheby’s International Realty. “And we welcome them with open arms.”

Personally, I even have a special ringtone on my phone for incoming calls from 310, 415, and 650—because when California calls, Miami answers.

The momentum shows no signs of slowing. Larry Page recently snapped up multiple Coconut Grove properties totaling roughly $188 million, and Sergey Brin recently purchased a $50 million home on Allison Island in Miami Beach.

With Zuckerberg’s arrival on Indian Creek, Miami’s evolution into the nation’s premier billionaire refuge no longer feels like a trend—it feels permanent.

The only real question left: Is not when but.... who will be next?

And for those wondering—having lived in Miami Beach since the late 1990s, I have direct access to additional off-market trophy homes currently available. In this market, the best deals are rarely the ones you see online.

If you’re thinking about buying or selling in Miami Beach, The Jeff Miller Group is here to be your trusted partner. With deep market insight, a proven record of success, and a passion for delivering outstanding results, we specialize in helping clients navigate Miami’s high-end real estate market with clarity and confidence. Call me today at (305) 610-4509