As California weighs a proposed 5% billionaire tax, tech mogul Mark Zuckerberg has become the latest ultra-wealthy executive to plant a flag in Florida — snapping up a lavish waterfront home in one of Miami’s most exclusive enclaves, The Wall Street Journal reports.
Zuckerberg and his wife, Priscilla Chan, are buying a newly completed mansion on Indian Creek, the tightly guarded barrier island often dubbed “Billionaire Bunker,” according to people familiar with the transaction.
Real-estate agents say the deal underscores how tax policy is accelerating an already red-hot luxury housing market in South Florida.
‘5% TAX DRIVING PEOPLE OUT’
“The 5% tax in California is really driving out people in a major way,” said Danny Hertzberg, a Miami-based agent at Coldwell Banker Realty, who says brokers have been fielding nonstop inquiries from Californians since the proposal surfaced.
The proposed tax would apply retroactively to Jan. 1, 2026, triggering a scramble late last year to close high-end property deals. Miami real-estate attorneys said they were working at a breakneck pace, with some forced to turn away clients because they couldn’t complete multimillion-dollar closings before year-end.
The Meta Platforms CEO already owns luxury properties in Palo Alto, Lake Tahoe, and on Kauai, but this marks a major South Florida foothold.
