Facebook billionaire Mark Zuckerberg has reportedly snapped up an extraordinary waterfront mansion on Miami’s infamous Billionaire Bunker—seemingly becoming the latest tech tycoon to flee California before a proposed wealth tax is implemented on the state’s wealthiest residents.
Zuckerberg, 41, and his wife, Priscilla Chan, 40, are understood to be in the process of purchasing a newly built megamansion on Indian Creek Island—known as Billionaire Bunker because of the huge net worths of its residents—just a few doors down from a sprawling compound owned by Amazon CEO Jeff Bezos.
According to The Wall Street Journal, it is unclear exactly how much the Meta founder and his spouse have paid for the sprawling mansion, which has only just been completed; however, local real estate agents told the outlet that the home likely sold for anywhere between $150 million and $200 million.
The 1.84 acres on which the home now sits previously sold for the sky-high price of $37 million in 2021 to an LLC linked to Jersey Mike’s founder Peter Cancro, according to records seen by Realtor.com®.
There is currently only one home listed for sale on Indian Creek Island—an enormous nine-bedroom mansion just a few doors down from Zuckerberg’s alleged new spread—which is on the market for $200 million, according to Realtor.com
Because the dwelling has not officially been put on the market, little is known about its features; however, satellite images obtained by The Wall Street Journal show that the property boasts multiple structures across the sizable parcel, including what appears to be a guest or guard house close to the street that runs along the edge of the entire island.
A sizable boat dock sticks out over the water, while a swimming pool overlooking Biscayne Bay can be seen in the backyard.
News of Zuckerberg’s reported property purchase comes amid something of a wealth exodus from California, which is currently in the process of voting on a proposal to implement a one-time tax of 5% on residents who have a net worth of more than $1 billion.
According to Forbes, California is currently home to 246 billionaire residents who would be forced to hand over anywhere from $50 million to $13 billion a piece if the tax proposal is passed.
In Zuckerberg’s case, the tax would likely cost him around $12 billion, given his current net worth, which stands at $239 billion at the time of writing, according to the Bloomberg Billionaires Index.
The fact that the wealth tax has yet to be signed into law has done little to deter the Golden State’s wealthiest residents from hauling their personal fortunes out of California, with everyone from Oracle founder Larry Ellison to former Google head Sergey Brin moving their business dealings to states like Florida and Nevada.
Brin reportedly transferred five LLCs connected to the billionaire out of California at the end of 2025, while venture capitalists Peter Thiel and David Sacks both announced the opening of new satellite offices in Florida and Texas, respectively, laying a paper trail that might thwart future California tax collectors.
Notably, it’s unclear whether Zuckerberg has officially closed on his new Florida dwelling, which might make the move somewhat moot; although the ballot initiative has yet to pass, it would apply to any billionaires who lived in California on Jan. 1, 2026, prompting many of the state’s ultrarich to rush to establish alternate residency before the onset of the new year.
Zuckerberg is understood to have been an official resident of California for many years now, having established his primary residence in Palo Alto back in 2011, when he began amassing a collection of properties that now make up an extraordinary compound worth around $112 million.
However, the Facebook founder—who is originally from New York—has long since expanded his property portfolio beyond the borders of the Golden State, snapping up homes in Washington, DC; Hawaii; and Lake Tahoe.
The property on Indian Creek Island would mark the first significant real estate investment that Zuckerberg has made in Florida in many years.
It will also grant Zuckerberg entry into one of the most elite and high-profile communities in the U.S., which already counts the likes of Bezos and his wife, Lauren Sanchez Bezos, as well as Tom Brady, and Ivanka Trump and Jared Kushner among its residents.
Zuckerberg has yet to comment on the purchase of the home—nor has he publicly expressed any desire to move his residency from California to Florida.
Interestingly, while other wealthy California residents have been open in their objections to the wealth tax, Zuckerberg has remained somewhat mum about the proposal, although he has continued to invest ample funds into the continued growth of the state’s technology epicenters.
In January, he pledged $50 million to Sacramento State University to help it build new STEM labs and an AI center, saying in a statement provided to Fortune that he hoped the money would help to “support the next generation of leaders and inventors.”
California Gov. Gavin Newsom, who is vehemently opposed to the billionaire tax, praised the gift, saying that it will “open doors for students to success and for our communities to prosper.”
Newsom has previously vowed to put a stop to the billionaire tax, telling the New York Times in January that he was working diligently behind the scenes to ensure that the measure is not implemented.
“This will be defeated—there’s no question in my mind,” he said. “I’ll do what I have to do to protect the state.”
However, those in support of the ballot measure have accused Newsom of prioritizing the needs of the state’s 1%, rather than the majority of its residents, whom the tax’s most devoted backers insist would be the ultimate beneficiaries of the levy.