In the ever-evolving world of luxury real estate, tech billionaire Mark Zuckerberg and his wife, Priscilla Chan, are making headlines with their interest in a lavish property on Indian Creek Island, Florida. The couple is eyeing an under-construction mansion priced at a staggering $200 million, following a recent report that linked them to a nearby off-market property. Indian Creek Island, often dubbed the “Billionaire Bunker,” is renowned for its exclusivity, featuring only about 40 highly sought-after lots and a host of affluent neighbors, including Jeff Bezos.
This particular property, located at 7 Indian Creek Island Road, sits on a sprawling 2-acre lot. Designed to encompass 28,000 square feet, the mansion boasts luxury features such as a stunning fish tank and is being developed with no shortage of opulence. The lot last changed hands in 2020 for $30 million, bought by cosmetic surgeon Dr. Aaron Rollins, and is currently represented by Jill and Danny Hertzberg of Coldwell Banker Realty. If the sale goes through for $200 million, it would smash Miami-Dade’s current sales record of $120 million.
A Trend Among Tech Titans
Recent trends in South Florida real estate show a notable influx of tech billionaires relocating to the Sunshine State, with Zuckerberg and Chan being the latest to consider making the move. The proposed 5% wealth tax in California is a driving factor for many wealthy individuals, as it would impact those with assets over $1 billion. The tax proposal, although not yet qualified for the November ballot, is prompting many to explore tax-friendly locales like Florida, which is perceived as having a clearer tax structure and fewer bureaucratic hurdles than its West Coast counterpart.
Zuckerberg, known for his significant real estate investments—including $110 million in properties in Palo Alto and a $300 million compound in Hawaii—plans to make this new mansion a permanent residence rather than just a vacation home. He aims to move in by April, which further indicates his commitment to establishing roots in Florida.
The Property and Its Features
The mansion on Indian Creek Island is not just another high-priced property; it offers an impressive array of luxury amenities. The expansive design features a private dock, wraparound terraces, lush landscaping, and a waterfront pool, making it a prime choice for those seeking the pinnacle of luxury living. The seller, linked to Peter Cancro, founder of Jersey Mike’s Subs, sold a majority stake in the company for a whopping $8 billion in 2024, underscoring the caliber of individuals in this exclusive community.
As the real estate market heats up in South Florida, with agents reporting increased interest from California buyers, it’s clear that Indian Creek Island is becoming a magnet for the ultra-wealthy. Other notable billionaires, like Tom Brady and Jeff Bezos, have already found their homes in this coveted area, making it a hub of affluence and prestige.
In conclusion, as Zuckerberg and Chan’s potential purchase unfolds, it will be fascinating to see how this trend of relocating billionaires shapes the South Florida real estate landscape. For more details on this developing story, you can read the full article on AOL and additional insights from Fox Business.