Mark Zuckerberg latest tech billionaire to shun California with ultra-luxe Miami mansion purchase

Mark Zuckerberg is the latest tech titan to splash huge cash on a Florida property as billionaires continue to shun the Golden State, according to a new report.

The Meta CEO and his wife Priscilla Chan purchased an estate on Miami’s Indian Creek that likely sold for between $150 to $200 million, the Wall Street Journal reported.

The seller of the property is a limited-liability company tied to Jersey Mike’s founder Peter Cancro.

The home sits on the barrier island of Indian Creek, also home to billionaire auto dealer Norman Braman. Braman’s wife Irma told the Journal that Zuckerberg planned to move into the Miami property by April.

“We’re happy to have him,” she said.

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Zuckerberg’s new home adds to his extensive real estate portfolio, including mansions in Palo Alto, Lake Tahoe and on the Hawaiian island of Kauai.

Agents and brokers in Miami said there has been an influx of Californians looking for ultra-luxury properties to snatch up in the area.

Google co-founder Larry Page purchased multiple properties in Miami for around $188 million in recent months, while fellow co-founder Sergey Brin is in talks to buy a $50 million home in Miami Beach.

The purchases come as California legislators have proposed a one-time 5% “billionaire tax” to scrounge up funds for a health care system under strain after federal funding cuts.

Page moved several of his business entities out of California to avoid the new tax.

Real estate agents believe California’s potential new tax is sending billionaires out of the state and into tax havens like Florida.

“The 5% tax in California is really driving out people in a major way,” Danny Hertzberg, a Miami real-estate agent at Coldwell Banker Realty, told the Journal.

Gov. Gavin Newsom is opposed to the billionaires tax, calling it a “badly drafted effort” that has already had a “outsized impact on this state.”

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