California Tax Fears Spark Miami's Billionaire Luxury Real Estate Boom
California billionaires are driving a Miami luxury real estate surge, led by Larry Page’s nine-figure purchases in Coconut Grove, with Sergey Brin and Mark Zuckerberg rumored to be close to deals; the rise is linked to a proposed California billionaire tax and Florida’s zero state income tax, fueling a surge in waterfront property demand as Miami attracts tech and finance moves and launches talent initiatives such as Palantir’s HQ shift and Ambition Accelerated.
