Zuckerberg Buys $150M-200M Miami Island Mansion

Mark Zuckerberg, the founder and CEO of Meta Platforms, is acquiring a sprawling waterfront mansion on Indian Creek, an exclusive barrier island in Miami, Florida, as part of a broader trend among California-based billionaires seeking to relocate amid discussions of a potential wealth tax in their home state.

The property, estimated at $150 million to $200 million, features nearly two acres along Biscayne Bay, including a private dock, wraparound terraces, and a waterfront pool. Built recently on a lot previously sold for $37 million in 2021, the estate was owned by a limited liability company connected to Peter Cancro, founder of Jersey Mike's Subs. Sources close to the transaction indicate Zuckerberg and his wife, Priscilla Chan, plan to move in by April, suggesting a primary residence rather than a vacation home. Neighbors on the tightly secured island, which houses other high-profile residents such as Jeff Bezos and Ivanka Trump, have expressed a welcoming stance. Irma Braman, wife of auto dealer Norman Braman, noted, "We're happy to have him."

This purchase expands Zuckerberg's extensive real estate holdings, which reflect his estimated net worth of around $231 billion to...