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technology18h ago
Miami heat: Phones are ringing off the hook as California billionaires look to drop 9 figures on homes in the 305
- California billionaires are fueling a Miami luxury real estate boom, with Larry Page leading nine-figure purchases in Coconut Grove.
- Other tech figures like Sergey Brin and Mark Zuckerberg are reportedly looking at Miami properties.
- Florida’s tax policies and lack of income tax are cited as key factors attracting wealth to Miami.
- Analysts say waterfront and luxury homes are in demand as scarcity drives prices up.
- Miami real estate agents report a spike in inquiries from billionaire buyers since late 2025.
- Analysts say the movement could reshape Miami’s tech and investment landscape over time.
- The report notes Palantir moving HQ considerations and Florida’s broader incentives for growth.
- The influx is framed as a shift away from California tax policy toward Florida’s business-friendly climate.
- Real estate brokers report that ultrahigh-end sales are increasingly common in Miami’s luxury segments.
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