Mark Zuckerberg moves to Florida’s ‘Billionaire Bunker’ amid CA wealth tax
Auger founder and CEO Dave Clark joins ‘Mornings with Maria’ to discuss President Donald Trump’s push to re-export US chains and his deal with Meta’s Reality Labs to use Auger’s app.
Page, Brin, Ellison, Thiel, Sacks – and now, Zuckerberg.
Meta CEO Mark Zuckerberg is the latest California billionaire to head to Florida, snapping up a waterfront mansion in Miami’s exclusive “Billionaire Bunker,” as Golden State lawmakers push for a proposed 5% tax on the super-rich.
Zuckerberg and his wife, Priscilla Chan, bought a newly built mansion in Indian Creek, one of the most expensive areas in the area. The deal has not been confirmed to close, sources with knowledge of the transaction told The Wall Street Journal, but neighbors say Zuckerberg plans to move in in April — indicating a move rather than a vacation home.
“People like Zuckerberg plan three things going forward. That discussion of the billion tax has many owners of Palo Alto doing real calculations. If you look at the possibility of a 5% hit combined with the total value, Florida becomes a business decision. And Indian Creek is a clear signal that you are serious, because it is built for privacy and control,” Troy Dean Dean Hometo told Foxy CEO of Foxy.
PETER THIEL DONATES $3M TO PROPOSED CALIFORNIA BILLIONAIRE TAX FIGHT GROUP
“This is a big sign that South Florida is a prime market right now. When someone of Zuckerberg’s caliber buys here, it changes the buyer’s mind overnight,” he continued. “If that tax really goes forward, you’re going to see the impact very high, because there’s a very small list of true rewards.”
Priscilla Chan and Mark Zuckerberg at WSJ. Magazine 2025 Innovator Awards held at the Museum of Modern Art on October 29, 2025, in New York, New York. (Getty Images)
The nearly two-acre property is valued at $150 million to $200 million, based on comparable sales, and the reported seller is a limited liability company tied to Jersey Mike’s Subs founder Peter Cancro.
Cancro made a big buck in 2024 when it sold a majority stake in Jersey Mike’s to Blackstone for $8 billion, including debt. The sale of the home to Zuckerberg was not for sale, a common move by ultra-wealthy buyers seeking privacy.
An aerial view of the property shows that it sits across Biscayne Bay and has a private dock, surrounding gardens, lush landscaping, a waterfront pool, spectacular blue shutters and other great amenities. The estate joins Zuckerberg’s already extensive real estate portfolio in places like Lake Tahoe and Palo Alto in California, and Kauai, Hawaii.
“It’s a single entrance, strictly controlled, and only about 41 homes. You’re minutes from Miami, but you feel isolated. If it’s a global name, and you want a really private backyard, this is as close as it gets,” said Ippolito.
‘Making Money’ host Charles Payne analyzes Meta and reveals whether a year-end market rally is still on the table for ‘Varney & Co.’
Meta did not immediately respond to Fox News Digital’s request for confirmation or comment.
Some of Zuckerberg’s new neighbors at Indian Creek include Jeff Bezos, Tom Brady, Carl Icahn, Ivanka Trump and Jared Kushner, David Guetta, Julio Iglesias, Jaime Gilinski and Edward Lampert.
Zuckerberg’s move comes on the heels of other prominent, longtime California-based businessmen who have strengthened their South Florida residency in response to California’s proposed wealth tax.
Although the initiative has not yet received the required 875,000 signatures to qualify for the November ballot, the proposal – supported by the Service Employees International Union-United Healthcare Workers West – would impose a one-time 5% tax on the net worth of California residents over $1 billion.
Corcoran Group agent Julian Johnston speaks exclusively to Fox News Digital about the new wave of California billionaires moving to South Florida because of the proposed wealth tax.
The tax is due in 2027, and taxpayers can spread the payments over five years, with additional costs, according to the California Legislative Assessor’s Office.
If voters approve the measure, anyone who was a California resident on Jan. 1, 2026, will owe the tax, according to the language of the proposal.
Many South Florida real estate agents told Fox News Digital that since the new year, a new wave of buyer interest has flooded in from California, with increasing phone calls and website traffic from buyers.
“There are quite a few other very big founders and tech giants and venture capital firms, the heads of which I’ve moved here,” luxury real estate broker Julian Johnston of The Corcoran Group previously said. “It was always a holiday, overnight, party, but Miami has changed a lot in the last 10 years. It’s culturally interesting … They said they’re excited to move here and see what happens in the next few years.”
FOX Business host Marcus Lemonis discusses billionaires fleeing California to avoid proposed wealth tax on ‘The Bottom Line.’
GET FOX BUSINESS ON THE GO BY CLICKING HERE
“One client said, ‘You know, this could be like five billion dollars in taxes for me,'” he recalled. “So they’re moving because of that.”
“Florida feels predictable. You have a clear tax picture, few barriers, and it’s very easy every day,” Ippolito opined. “A lot of consumers feel that California treats them like a target. Florida treats them like they’re here.”
READ MORE AT FOX BUSINESS
