{"id":341453,"date":"2026-07-15T22:57:15","date_gmt":"2026-07-15T22:57:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/341453\/"},"modified":"2026-07-15T22:57:15","modified_gmt":"2026-07-15T22:57:15","slug":"ultra-wealthy-buy-adjacent-lots-in-landmaxxing-trend","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/341453\/","title":{"rendered":"Ultra-Wealthy Buy Adjacent Lots in Landmaxxing Trend"},"content":{"rendered":"

Buying mansions here and there is not enough for the uber-rich.\u00a0<\/p>\n

\u201cLandmaxxing,\u201d or buying up adjacent properties to assemble sprawling private compounds, has been a major part of the ultra-luxury market this year, the Wall Street Journal reported<\/a>.\u00a0<\/p>\n

Compounds are increasingly in demand, and some of the business world\u2019s biggest names are leading the trend. In South Florida, Citadel billionaire Ken Griffin dropped more than $450 million to piece together a 27-acre Palm Beach compound. Griffin has spent more than $1 billion assembling land from Miami to Palm Beach, The Real Deal previously reported<\/a>.\u00a0<\/p>\n

Jeff Bezos has become one of the most prolific buyers in Indian Creek Village<\/a>, Miami\u2019s \u201cBillionaire Bunker\u201d enclave, where he\u2019s spent more than $230 million on several residential properties.\u00a0<\/p>\n

Last month, WeatherTech CEO David MacNeil and Oracle chairman Larry Ellison paid<\/a> a combined $67 million for land from Florida real estate developer Stewart Satter, splitting the property for their respective neighboring Manalapan compounds. Larry Ellison has also been a busy buyer in Malibu, California, and Nevada\u2019s Incline Village, the newspaper reported.\u00a0\u00a0<\/p>\n

Wealthy clients want as much as 300 feet of water frontage, which is often only possible by piecing together several properties, Chad Carroll of Compass told the publication.\u00a0<\/p>\n

Venture capital investor Ben Ling and his husband, Hedge Labs co-founder Chris Coundron, paid<\/a> $40 million for a waterfront teardown next to their mansion on Palm Island, expanding their compound to 2 acres, TRD reported<\/a>.\u00a0<\/p>\n

Other clients want extra space for more amenities or guest houses<\/a>.\u00a0<\/p>\n

Last year, GFL Environmental CEO Patrick Dovigi paid $48.5 million across three transactions for properties in Miami Beach\u2019s Sunset Islands, where he\u2019s adding a gym, spa, padel court and cabana around the main residence.\u00a0<\/p>\n

Some buyers are assembling compounds to protect the land around their homes.<\/p>\n

Dace Stubbs, a member of the family that makes Jack Daniel\u2019s, bought a 14.3-acre ranch in Colorado for $3 million, then dropped another $1.2 million for 40 more acres to protect the ranch\u2019s mountain views, the outlet said.\u00a0<\/p>\n

U.S. luxury property searches doubled from January to May compared to a year before, and searches for buildable land jumped 97 percent, according to Coldwell Banker. Searches for distinct properties also more than doubled.\u00a0<\/p>\n

While the broader housing market is strained<\/a> by high interest rates, rising home prices and economic uncertainty, the luxury market tells a different story. Average luxury sales volume rose 2.8 percent in the first five months of the year compared to a year earlier, and the median price rose 4.7 percent to $1.8 million, the outlet reported.\u00a0<\/p>\n

\u2014Grace McClung<\/p>\n

\tRead more
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\t\t\t\t\t\t\t\t\t\t\t\t\t\"Ben\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

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\n\t\t\t\t\t\t\t\t\tSouth Florida\t\t\t\t\t\t\t\t<\/p>\n

Venture capital investor buys Palm Island teardown next door for $40M<\/p>\n

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\t\t\t\t\t\t\t\t\t\t\t\t\t\"WeatherTech\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

WeatherTech, Oracle billionaires pay $67M for slices of neighboring Manalapan land<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Buying mansions here and there is not enough for the uber-rich.\u00a0 \u201cLandmaxxing,\u201d or buying up adjacent properties to…\n","protected":false},"author":2,"featured_media":341454,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[140238,123,125,124],"class_list":["post-341453","post","type-post","status-publish","format-standard","has-post-thumbnail","category-miami","tag-landmaxxing-trend","tag-miami","tag-miami-headlines","tag-miami-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/341453","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=341453"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/341453\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/341454"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=341453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=341453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=341453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}