{"id":187542,"date":"2026-03-11T18:15:16","date_gmt":"2026-03-11T18:15:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/187542\/"},"modified":"2026-03-11T18:15:16","modified_gmt":"2026-03-11T18:15:16","slug":"billionaire-pays-44-million-for-penthouse-in-miami-dade-wsj","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/187542\/","title":{"rendered":"Billionaire pays $44 million for penthouse in Miami-Dade: WSJ"},"content":{"rendered":"<p class=\"text text--small text--normal text--primary\">Published:\u00a0March 11, 2026 at 1:55 PM<\/p>\n<p>Howard Schultz on Linkedin: \u2018We are enjoying the sunshine of South Florida\u2019lead-art-block.fullscreen-enterExpand<img fetchpriority=\"high\" decoding=\"async\" data-chromatic=\"ignore\" alt=\"\" class=\"c-image\" loading=\"eager\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/03\/QKDJT6GTYZGNFJ4R7THV5BOUGU.jpg\"  width=\"1280\" height=\"720\"\/>THE SURF CLUB: This is a screen grab of the Google Maps Street View at 9011 Collins Ave. <\/p>\n<p class=\"c-paragraph\">SURFSIDE, Fla.  \u2014 Miami-Dade County\u2019s Surfside residents have a new billionaire neighbor on Collins Avenue. <\/p>\n<p class=\"c-paragraph\"><a href=\"https:\/\/www.instagram.com\/howard.schultz\/?hl=en\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.instagram.com\/howard.schultz\/?hl=en\">Howard Schultz<\/a> paid $44 million for a penthouse at the <a href=\"https:\/\/thesurfclub.com\/residences.php\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/thesurfclub.com\/residences.php\">Surf Club<\/a>, <a href=\"https:\/\/thesurfclub.com\/residences.php\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/thesurfclub.com\/residences.php\">Four Seasons Private Residences<\/a> at 9011 Collins Ave., the Wall Street Journal <a href=\"https:\/\/www.wsj.com\/real-estate\/luxury-homes\/howard-schultz-starbucks-florida-penthouse-1340d1d7\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.wsj.com\/real-estate\/luxury-homes\/howard-schultz-starbucks-florida-penthouse-1340d1d7\">reported on Wednesday<\/a>. <\/p>\n<p class=\"c-paragraph\">Schultz, 72, the former chairman and chief executive of Starbucks, had announced on Tuesday that he was moving from Seattle to South Florida. <\/p>\n<p class=\"c-paragraph\">In <a href=\"https:\/\/www.linkedin.com\/posts\/howardschultz_forty-four-years-ago-sheri-and-i-made-the-activity-7437280836049133569-5gBy\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.linkedin.com\/posts\/howardschultz_forty-four-years-ago-sheri-and-i-made-the-activity-7437280836049133569-5gBy\">a post on Linkedin<\/a>, Schultz wrote that he and his wife Sheri Schultz made the cross-country trip from New York City to Seattle in their 1979 Audi. <\/p>\n<p class=\"c-paragraph\">\u201cWe were starting a new life. Sheri would be the breadwinner in the family, taking on a career in design. And I started a new job on September 7, 1982, at a place called Starbucks,\u201d Schultz wrote. <\/p>\n<p class=\"c-paragraph\">In retirement, Schultz, who has an estimated net worth of $3.5 billion, wrote that they have traveled to dozens of places around the world, entrusted the Schultz Family Foundation to <a href=\"https:\/\/schultzfamilyfoundation.org\/team-member\/vivek-varma\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/schultzfamilyfoundation.org\/team-member\/vivek-varma\/\">Vivek Varma<\/a>, and moved to Miami. <\/p>\n<p class=\"c-paragraph\">\u201cWe are enjoying the sunshine of South Florida and its allure to our kids on the East Coast as they raise families of their own &#8230; While our private family office will move to Miami, our Foundation will continue operations in Seattle,\u201d Schultz wrote. <\/p>\n<p class=\"c-paragraph\">Washington state lawmakers are working to pass legislation to implement a 9.9% tax on annual income over $1 million.<\/p>\n<p class=\"c-paragraph\">Location<\/p>\n<p class=\"c-paragraph b-article-body__copyright\">Copyright 2026 by WPLG Local10.com &#8211; All rights reserved.<\/p>\n<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"Andrea Torres\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/03\/https:\/\/author-service-images-sandbox-us-east-1.publishing.aws.arc.pub\/wplginc\/83a8effa-fc87-4940-96.jpeg\"  width=\"100\" height=\"100\"\/>Andrea Torres<\/p>\n<p class=\"c-paragraph b-author-bio__author-description\">The Emmy Award-winning journalist joined the Local 10 News team in 2013. She wrote for the Miami Herald for more than 9 years and won a Green Eyeshade Award.<\/p>\n<p><script async src=\"\/\/www.instagram.com\/embed.js\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"Published:\u00a0March 11, 2026 at 1:55 PM Howard Schultz on Linkedin: \u2018We are enjoying the sunshine of South Florida\u2019lead-art-block.fullscreen-enterExpandTHE&hellip;\n","protected":false},"author":2,"featured_media":187543,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[123,125,124],"class_list":["post-187542","post","type-post","status-publish","format-standard","has-post-thumbnail","category-miami","tag-miami","tag-miami-headlines","tag-miami-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/187542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=187542"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/187542\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/187543"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=187542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=187542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=187542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}