Key Points: 

• Billionaire migration is accelerating. Policy risk in California is pushing top tech founders to South Florida faster, and earlier, than prior cycles.
  
  
• Miami’s super-luxury market is operating on a different plane. Record $20M+ and $30M+ sales are being driven by all-cash buyers, not leverage.
  
  
• Indian Creek is now the market’s clearest signal. As Dina Goldentayer noted on The Long Game, it has emerged as the top neighborhood on Miami Beach.

Hi friends,

Over the last several years, South Florida has quietly crossed a threshold. What we’re seeing now is not a cycle, it’s a structural reordering of where global wealth chooses to live, invest, and compound.

This week delivered one of the clearest signals yet.

Mark Zuckerberg is reportedly purchasing a newly completed waterfront estate on Indian Creek, following recent major home purchases in Miami by Larry Page and Sergey Brin. These are not opportunistic lifestyle moves. They are deliberate reallocations of primary capital.

California’s proposed billionaire wealth tax has acted as an accelerant. When policy risk rises, ultra-high-net-worth individuals don’t wait. They move early, decisively, and at scale.

The data supports this shift. According to Analytics Miami, an independent research firm by Ana Bozovic, global high-net-worth relocations have reached record highs, with post-COVID migration far exceeding pre-2020 levels. Miami now ranks as the leading global city for ultra-high-net-worth individuals purchasing second homes—surpassing New York and London, the dominant wealth hubs of the 20th century.

Analytics Miami

At the transaction level, the super-luxury market is breaking away from historical norms. Miami-Dade sales above $30 million for single-family homes and $20 million for condos closed 2025 at all-time highs - driven overwhelmingly by all-cash buyers. Single-family sales volume at these price points is up nearly 1,800% versus 2018, with 89% of transactions completed in cash. Condos show a similar pattern, with volume up 1,000% and 82% all-cash.

Analytics Miami

Price per square foot tells the same story. Transactions north of $3,000 per square foot—once statistical outliers—are now recurring across both single-family and condo markets. This is what happens when demand is driven by wealth creation, not leverage.

Analytics Miami

On a recent episode of The Long Game, Dina Goldentayer - Douglas Elliman’s top-producing agent with more than $3 billion in total sales - ranked Indian Creek as the top neighborhood on Miami Beach. That perspective matters. She operates daily at the very top of the market, where buyer behavior tends to lead broader trends by years, not months.

Zooming out further, global wealth dynamics reinforce this momentum. The fastest wealth growth is occurring among the top fractions of the top 1%—the same cohort transacting in the $10M, $50M, and $100M+ real estate tiers. Capital at this level is expanding faster than inflation, faster than GDP, and faster than most traditional asset classes. Real estate in markets like Miami is not just a residence—it’s a strategic allocation.

Analytics Miami

Indian Creek has become a highly-desirable, 41-plot micro-market that reflects this broader realignment. Off-market trades, nine-figure valuations, and a buyer base dominated by founders, tech leaders, and global capital allocators signal one thing clearly: this market is no longer emerging. It is established.

For developers, investors, and operators, the takeaway is straightforward. Capital flows follow confidence. Policy predictability, tax efficiency, and lifestyle quality now sit at the center of long-term decision-making—and Florida continues to outperform on all three.

We’ve long believed South Florida’s growth would be driven by conviction, not speculation. The moves we’re seeing today confirm it. The people making them are playing The Long Game.