{"id":2079,"date":"2026-04-01T16:26:16","date_gmt":"2026-04-01T16:26:16","guid":{"rendered":"https:\/\/www.europesays.com\/people\/2079\/"},"modified":"2026-04-01T16:26:16","modified_gmt":"2026-04-01T16:26:16","slug":"sergey-brin-is-the-second-tech-billionaire-to-buy-in-miami-this-week-brokers-predict-prices-will-soar","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/people\/2079\/","title":{"rendered":"Sergey Brin is the second tech billionaire to buy in Miami this week \u2014 brokers predict prices will soar"},"content":{"rendered":"

\"An<\/p>\n

An image collage containing 3 images, Image 1 shows Aerial view of Sergey Brin’s new Miami Beach home at 6596 Allison Road, featuring a modern, white-and-wood house, swimming pool, and private dock, surrounded by palm trees, Image 2 shows Aerial view of a $50,000,000 Miami Beach home at 6596 Allison Road, featuring a modern white building with a large pool, alongside other houses, palm trees, and the ocean, Image 3 shows Sergey Brin, president of Alphabet and co-founder of Google Inc., smiling during a dinner with tech leaders in the State Dining Room of the White House<\/p>\n

The Miami real estate market can\u2019t stop making headlines.<\/p>\n

A rush of tech billionaires and business titans have raised the bar for South Florida prices in only a handful of years. The most recent convert of the Sunshine State is Google co-founder Sergey Brin, who just shelled out $51 million for the Allison Island home of LVMH CEO Michael Burke, Business Insider first reported<\/a>.<\/p>\n

The deal marks yet another high-profile, waterfront lot purchase within Miami\u2019s ultra-exclusive communities, like Allison Island, Star Island and Indian Creek.<\/p>\n

\"The<\/p>\n

The Google co-founder who shelled out $51 million for the former home of LVMH CEO Michael Burke. Zak Bennett for New York Post<\/p>\n

\"The<\/p>\n

The Allison Island home sits in an exclusive gated enclave 2 blocks from Collins Avenue. Zak Bennett for New York Post<\/p>\n

\"Allison<\/p>\n

Allison Island numbers among Miami\u2019s ultra-wealthy island enclaves with in-demand waterfront lots. Zak Bennett for New York Post<\/p>\n

\"Sergey<\/p>\n

Sergey Brin\u2019s recent purchase follows similarly high-priced deals made by Larry Page and Mark Zuckerberg. Bloomberg via Getty Images<\/p>\n

The current wave of tech execs<\/a> snapping up trophy properties has been largely linked to a proposed California ballot initiative targeting billionaires.<\/p>\n

Brin joins his Google co-founder Larry Page, who spent the new year assembling a 4-plus acre estate<\/a> in Coconut Grove, now worth more than $188 million.<\/p>\n

Mark Zuckerberg officially landed in the ultra-exclusive Indian Creek Island community early this week, shelling out a record-setting $170 million<\/a> for just 1.84 acres a few doors down from Jeff Bezos.<\/p>\n

\u201cThere are many buyers that are buying here as a hedge in the scenario that there is a wealth tax implemented in their state,\u201d Mick Duchon of Corcoran told The Post. \u201cSo just the threat of it is enough of a reason for them to buy here.\u201d<\/p>\n

\"Google<\/p>\n

Google co-founder Larry Page joined Miami\u2019s Coconut Grove set earlier this year. Zak Bennett for New York Post<\/p>\n

The impact of these mega-watt transactions on the city\u2019s luxury tier is tangible.<\/p>\n

A mystery buyer previously paid $110 million for an empty patch of Indian Creek<\/a> next door to two of Bezos\u2019 plots. The 1.6-acre Coconut Grove property next to Ken Griffin\u2019s record-setting, two-parcel estate listed this month<\/a> for $110 million \u2014 an unthinkable price in the not-so-distant past.<\/p>\n

The last record-setting price boom took place in 2022, driven by wealth migration, remote work and a flood of liquidity among the ultra-wealthy.<\/p>\n

Cash-heavy transactions nearly doubled Miami\u2019s ultra-luxury price threshold, according to Realtor.com data, from $9.9 million in mid-2020 to a peak of $19.6 million in 2022.<\/p>\n

\"Mark<\/p>\n

Mark Zuckerberg paid $170 million cash for his record-setting acquisition on Indian Creek Island. SplashNews.com<\/p>\n

That boom has unwound somewhat as supply returned and buyers cooled off. The cost of entry into the top 1% of Miami\u2019s housing market sat at $15 million as of February, according to Realtor.com data. That threshold has fallen since 2022, but remains nearly 69% above pre-pandemic levels.<\/p>\n

Miltiadis Kastanis of Compass told The Post that even homes in the $5 to $10 million range \u201care getting eaten up\u201d this season. Anything waterfront is selling like hotcakes.<\/p>\n

\u201cThey\u2019re now transacting at a pace that we haven\u2019t seen for a long time,\u201d Kastanis said, adding that his preferred home inspector for luxury listings currently needs to be booked two weeks in advance.<\/p>\n

\"Miami\u2019s<\/p>\n

Miami\u2019s feverish luxury tier stands in stark contrast to the rest of the market, as unaffordable, unwanted inventory piles up. Zak Bennett for New York Post<\/p>\n

Lourdes Alatriste, a Douglas Elliman broker, told The Post that wealthy buyers interested in off-market properties have been calling consistently since November.<\/p>\n

But few housing markets are as bifurcated as South Florida. The region\u2019s luxury entry prices are nearly five times the local median across metros like Miami, Fort Lauderdale and West Palm Beach, according to Realtor.com\u2019s December Luxury Report<\/a>.<\/p>\n

While Miami seems to be a \u201ctarget destination\u201d amid tax and policy shake-ups in London, New York and Los Angeles, Corcoran broker Cyril Bijaoui told The Post that inventory of homes below $1 million is stagnating.<\/p>\n

Overall market demand fell last year in Miami, with the condo market racking up more than a year\u2019s worth of inventory. Despite founders from Amazon and Palantir making a home in the city, they\u2019re not necessity bringing thousands of jobs with them.<\/p>\n

\u201cIt\u2019s all fun and exciting, but there are a lot of people here that can\u2019t afford to be here anymore, and you need those people as well,\u201d Bijaoui said.<\/p>\n

\"Miami\u2019s<\/p>\n

Miami\u2019s busy season, which typically spans November to May, may yet see more record-setting deals. Zak Bennett for New York Post<\/p>\n

Miami luxury is giving even New York City a run for its money.<\/p>\n

For the first time ever, Miami surpassed New York City last year in number of million-dollar listings, Realtor.com Senior Economist Anthony Smith told The Post. Miami\u2019s share of luxury buyers \u2014 foreign buyers, retirees, second-homeowners \u2014 are also more likely to use cash.<\/p>\n

With the local housing market now in the midst of its busiest season, sources tell the Post even more deep-pocketed buyers are on their way.<\/p>\n","protected":false},"excerpt":{"rendered":"An image collage containing 3 images, Image 1 shows Aerial view of Sergey Brin’s new Miami Beach home…\n","protected":false},"author":2,"featured_media":2080,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[165],"tags":[1936,2752,812,2751,816,618,95,2753,1419,1058,614,2750],"class_list":["post-2079","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sergey-brin","tag-allison-island","tag-coconut-grove","tag-google","tag-indian-creek","tag-larry-page","tag-mark-zuckerberg","tag-miami","tag-michael-burke","tag-new-york","tag-new-york-post","tag-sergey-brin","tag-zak-bennett"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@people\/116330390105569990","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/2079","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/comments?post=2079"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/2079\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media\/2080"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media?parent=2079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/categories?post=2079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/tags?post=2079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}