Where Billionaires Are Moving in Miami: Indian Creek, Coconut Grove
NEWS | 02 March 2026
Real estate on Indian Creek and Allison Island — both in the Biscayne Bay — has reached new highs as California billionaires flock to Miami. Real estate on Indian Creek and Allison Island — both in the Biscayne Bay — has reached new highs as California billionaires flock to Miami. Jeffrey Greenberg/Universal Images Group via Getty Images Real estate on Indian Creek and Allison Island — both in the Biscayne Bay — has reached new highs as California billionaires flock to Miami. Jeffrey Greenberg/Universal Images Group via Getty Images lighning bolt icon An icon in the shape of a lightning bolt. lighning bolt icon An icon in the shape of a lightning bolt. Impact Link With a proposed billionaire tax spooking California billionaires, some of the world's richest people are turning to Miami. Over the past couple of months, Google cofounder Larry Page has spent more than $180 million on three properties in the county, and reports indicate that his cofounder, Sergey Brin, and Meta CEO Mark Zuckerberg are not far behind. That would put four out of the five wealthiest people in the world in Miami — Jeff Bezos, also among that esteemed rank, already lives there. The impetus may be a proposed wealth tax in California that, if passed, would subject residents with a net worth of more than $1 billion to a one-time 5% tax on their wealth. Florida famously has no state income tax — a fact that proponents of the Sunshine State proudly say is written into its constitution. "What had happened was that there was a ringleader, Larry Page, who closed on his property the last days of December, and that sounded the alarm for the others," Dina Goldentayer, an agent at Douglas Elliman, told Business Insider. "It's like a gold rush." Long a bastion for the wealthy, these tech billionaires are bringing a new kind of money to the area — and pushing up home prices. "The market ceiling keeps rising because you can't add more single-family lots," Ana Bozovic, a founder of Analytics Miami, told Business Insider about prime waterfront neighborhoods. These are the neighborhoods where billionaires are putting down roots and touring homes, according to real estate agents and property records.
Author: Jordan Pandy. Madeline Berg.
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