Google co-founder Sergey Brin is buying a $50 million oceanfront home on Miami Beach’s Allison Island — but he won’t be able to dock his $450 million megayacht Dragonfly there.

The new-construction dwelling was completed in 2019, according to city records. At just under 10,000 square feet, the property comes with 200 feet on the ocean and sits on just under an acre. 

The double lot is impressive, but the yacht — at 466 feet long — is more than double the width of the property. 

Brin’s offer for the Allison Road home was first reported in the Real Deal. It has since been accepted, although the deal has not closed, sources told Gimme.

Sergey Brin. Anadolu via Getty Images

The exterior of the waterfront residence.

This purchase comes shortly after Brin’s deal for a second Malibu home, bringing his total holdings there up to $85 million, as Gimme Shelter reported exclusively last week. 

Brin’s Miami purchase also comes as California billionaires are scampering around Miami in search of new digs in the wake of a proposed tax on California billionaires, lured by Florida’s lack of state income tax. Billionaires who already live in Florida include Jeff Bezos, Peter Thiel and Ken Griffin. 

That said, this news also follows reports that Brin’s Google co-founder, Larry Page, has bought several homes in Coconut Grove — about a 30 to 40 minute car ride away — for nine figures.

The Allison Island seller is LVMH Americas chairman and CEO Michael Burke, who bought the property as a teardown for $11.7 million in 2014. Because the home was never officially on the market —  although it has been circulating as a “whisper listing” — there are no publicly available interior listing photos. 

Brokers who toured the property, however, told Gimme that it comes with a lovely “Guggenheim style” architectural staircase. There’s also a lot of wall space set up to display art. 

Michael Burke. Getty Images for Fashion Scholarship Fund

An aerial of the Florida property.

“It’s a fine home, but nothing super special, and not nearly nice enough for one of the world’s richest people,” a source said. “Everyone in town is talking about the deal, but no one thinks he will stay here. It’s like a flop house — not a home for one of the wealthiest people in the world.”  

However, it does come with a lot of land. 

Most homes in the exclusive neighborhood sit on one third to half an acre, which means that Brin will have more privacy than usual for the area.

“He doesn’t have to buy his neighbor’s home, because he already owns it,” a broker quipped. “It’s the biggest parcel of land on Allison Island.”