If you thought Miami’s so-called Billionaire Bunker couldn’t get any more, well, billionaire-y, think again. Mark Zuckerberg and Priscilla Chan are reportedly the latest power couple to claim a high-priced slice of Indian Creek Island, a guard-gated enclave so rarefied its roughly 40 homes are served by their own municipal government and a private police force that patrols on land and water. It is also, naturally, one of the most expensive ZIP codes in America.
The Meta CEO and his wife are said to be in contract for a newly completed waterfront estate. The off-market deal is rumored to be valued at somewhere between $150 million and $200 million, a price that flirts with Miami-Dade County sales records.
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The seller, who acquired the property in 2021 for $37 million, is an entity tied to Peter Cancro, the founder of Jersey Mike’s Subs. While official records haven’t yet caught up with the sale—or even the home’s full specs—the estate reportedly comes with all the expected trophy-property flourishes. Think wraparound terraces, a waterfront pool, and a private dock stretching into Biscayne Bay where the Zuckerbergs can park their $300 million Feadship superyacht named Launchpad.
mark zuckerberg buys home indian creek island miami florida
Next door is auto magnate Norman Braman and his wife, Irma Braman, who all but confirmed the buyers of the lavish home in a recent interview with the Wall Street Journal, noting they’re “happy to have him” as a neighbor.
The couple, whose net worth stands in excess of $225 billion, join a rapidly expanding club of high-powered and ultra-wealthy homeowners on Indian Creek Island—Jared Kushner and Ivanka Trump, Tom Brady, Carl Icahn, and Jeff Bezos and his new wife, Lauren Sánchez Bezos, among them—who have transformed the tiny, man-made barrier island into something of a real-world Monopoly board for the global elite.
Of course, Zuckerberg isn’t new to real estate one-upmanship. The Facebook founder already maintains an eye-popping portfolio spanning Silicon Valley, Lake Tahoe, Hawaii, and Washington, D.C.
So why Miami, and why now? Blame it, at least in part, on taxes. A proposed 5 percent levy on billionaires in Californiahas sent many tech titans scouting friendlier financial territory, and Florida, with its lack of state income tax, continues to look like a very shiny landing spot. Whether this purchase signals a full-time relocation or simply a tax-strategic addition to an already colossal property portfolio remains to be seen.
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