"Larry Page recently spent more than $180 million on three properties, and Mark Zuckerberg and Sergey Brin are also reportedly looking. That's led to a massive spike in purchases of these ultramansions. In 2018, one single-family home sold for more than $30 million in Miami-Dade County. In 2025, that figure jumped to 19."
"With its many islands and inlets, Miami also offers plenty of unique neighborhoods suitable for the ultra-rich. Madeline and Jordy mapped out all the areas billionaires are eyeing. That includes the uber-exclusive Indian Creek, which is also known as ... Billionaire Bunker."
"But maybe that was Miami's issue all along. Instead of becoming the new iteration of something else, it should just focus on its own thing. Miami has plenty of characteristics that make it unique in its own right, and an influx of billionaires only makes it more interesting."
California's proposed wealth tax targeting billionaires has prompted some of the state's wealthiest residents to relocate to South Florida, seeking tax advantages. Tech billionaires including Larry Page, Mark Zuckerberg, and Sergey Brin are reportedly purchasing ultramansions in Miami. The market for homes exceeding $30 million has exploded, increasing from one sale in 2018 to nineteen in 2025. Miami's geography, featuring numerous islands and inlets, provides exclusive neighborhoods tailored for the ultra-wealthy, including Indian Creek, nicknamed "Billionaire Bunker." While Miami has repeatedly attempted to rebrand itself as the new hub for various industries, the city may benefit more by embracing its unique identity and the cultural dynamics that accompany an influx of billionaire residents.
Read at Business Insider
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