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Is South Florida becoming the new Silicon Valley (or would Silicone Valley be more fitting)? Body modification jokes aside, South Florida seems to be attracting more billionaires by the day, so centi-billionaire Facebook founder Mark Zuckerberg heading to the 305 likely won’t shock many.
According to reporting from the Wall Street Journal, Zuckerberg is the latest of the filthy rich to purchase property in Indian Creek’s illustrious Billionaire’s Bunker. The island, between Surfside and Biscayne Park in the bay, has attracted the likes of Amazon founder Jeff Bezos, Ivanka Trump and Jared Kushner, NFL legend Tom Brady, and investor Carl Icahn.
Although the exact address is unclear, Zuckerberg and his wife, Dr. Priscilla Chan, are reportedly in the process of purchasing a newly completed waterfront mansion on the island, the Journal reported, citing unnamed sources with knowledge of the transaction.
“The seller is a limited liability company tied to Jersey Mike’s Subs founder Peter Cancro, according to sources with knowledge of the property. It isn’t clear if the deal has closed,” the Journal reported.
The two-acre property is reportedly worth between $150 million and $200 million. Renderings of the home on the architect’s (CMA Design Studio Inc.) website show a stark white Anglo and Caribbean-style mansion with powder-blue shutters. Palm tree-lined courtyards and vine-crept columns allow the architecture and nature to blend harmoniously. The interior is defined by simplistic elegance, with all the modern amenities you’d expect, including marble countertops, built-in bookshelves, backlit mirrors, and lots and lots of white.
Zuckerberg is just the latest high-profile Californian on the move to South Florida, likely pushed across the country in part by his state’s proposal of a five percent billionaire tax. He’s also likely attracted to Florida for its lack of state income tax.
“Real-estate agents in South Florida say they have been working non-stop showing properties to Californians since the possibility of the new tax was announced,” the Journal story reads. “The tax would apply retroactively to Jan. 1 of 2026, and Miami real-estate lawyers said they were working at a breakneck pace at the end of last year to close sales of multimillion-dollar properties. Some lawyers said they had to turn down closings because they were unable to address them before the end of the year.”
