Miami has become the new tax haven for the wealthy elite of Silicon Valley and Wall Street. In the first half of 2026, Miami-Dade recorded 24 sales of over 30 million dollars—almost double that of the previous year and more than the 17 closed in New York during the same period—according to Analytics Miami data collected by Bloomberg. The main driving force behind this is the tax escape: Florida has no state income tax or capital gains tax.
Most of these transactions were paid in cash. The annual record is 33 sales in that price range (2025); in 2019, there were only two. Next, the key players in this luxury exodus.
Mark Zuckerberg and Priscilla Chan
The founder of Meta and his wife closed on March 2 the most expensive purchase in the history of Miami-Dade: $170 million for a mansion under construction on Indian Creek Island, known as the "Billionaire Bunker". Initially listed at $200 million, the property features nine bedrooms, 30,000 square feet, a 1,500-gallon aquarium, and a library with a secret passageway.
Jeff Bezos
The founder of Amazon has accumulated three properties on the same island: $68 million (2022), $79 million (2023), and around $90 million (2024), with a total expenditure exceeding $230 million. He is combining parcels to build a mega-complex of approximately 6.4 acres.
Larry Page (Google)
The co-founder of Google acquired two adjacent properties in Coconut Grove—for $101.5 million and $71.9 million—between December 2025 and January 2026, along with a third one for $14.97 million during the same month. The total exceeds $188 million. According to a Fortune report on the tax flight of billionaires, Page left California before January 1 to avoid the proposed billionaires' tax in that state.
Sergey Brin (Google)
The other co-founder of Google paid $51 million for a 10,000 square foot modernist mansion on Allison Island, near Miami Beach: seven bedrooms, a private dock, and views of Biscayne Bay. Brin also donated $102 million to a group advocating for measures to block the California tax on billionaires.
Howard Schultz (former CEO of Starbucks)
After 44 years in Seattle, Schultz announced his move to Miami in March 2026, days after paying 44 million for the penthouse at the Four Seasons Private Residences at the Surf Club in Surfside: about 5,500 square feet of interior space and a 4,100 square foot terrace. Washington State approved a 9.9% tax on income over one million dollars that same month.
Ken Griffin (Citadel)
The founder of the hedge fund Citadel was a pioneer in this exodus: in 2022 he paid $106.9 million for a complex in Coconut Grove with about four acres and 400 feet of waterfront. Additionally, he plans a 54-story global headquarters in the Brickell district valued at around $2.5 billion.
Peter Thiel (PayPal / Palantir)
Thiel purchased a complex of two houses in Venetian Islands in 2020 for 18 million, with a total close to 40 million in properties in the area. In February 2026, Palantir announced the relocation of its corporate headquarters to Miami.
Larry Ellison (Oracle) — Palm Beach
Ellison is not in Miami but in Manalapan, Palm Beach County, where he purchased a property for $173 million in 2022, featuring more than thirty bedrooms and approximately 16 acres of waterfront property, designated as his primary residence in 2023.
The most exclusive neighborhood
Indian Creek Island, with only 41 houses, its own police force, and an entrance fee to the club of 500,000 dollars, is home to residents such as Tom Brady, Ivanka Trump, Jared Kushner, and Carl Icahn. “The level of technological wealth is in a different stratosphere. There are players so elite now,” noted Dina Goldentayer, an agent with Douglas Elliman.
For the average citizen, the situation is different: the 30-year mortgage exceeded 7% in September and the median single-family home price in Miami-Dade is set at $680,000, according to MIAMI Realtors.
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