Meta CEO Mark Zuckerberg and his wife, Priscilla Chan, are poised to purchase an ultra-luxury waterfront mansion in one of South Florida’s most exclusive residential enclaves, according to multiple reports. The home, located on Indian Creek Island near Miami, sits in a gated, man-made barrier island community often dubbed the “Billionaire Bunker”for its roster of affluent residents and high-value properties.
Sources familiar with the matter told media that Zuckerberg’s acquisition—estimated by local real-estate professionals at between $150 million and $200 million—will make it one of the most expensive home purchases in the Miami area. The mansion is newly completed and has not been formally listed for sale, a tactic often used by ultra-wealthy buyers and sellers seeking discretion in high-end transactions.
The seller is a limited liability company linked to Peter Cancro, the founder of sandwich chain Jersey Mike’s Subs, who reportedly bought the property for a fraction of its current value in recent years. Cancro’s company has not publicly commented on the sale, and neither has Zuckerberg’s team.
Real-estate renderings reviewed by industry observers suggest the sprawling estate includes wraparound terraces, lush landscaping, elaborate water features and panoramic views over Biscayne Bay. The estate also offers a private dock and other amenities befitting a premier waterfront compound designed for privacy and leisure.
Indian Creek Island has become increasingly popular among the wealthy in recent years, with notable residents including tech titans, sports stars and other high-profile figures who value its security, exclusivity and proximity to Miami’s cultural and business hubs. Billionaires such as Jeff Bezos, Ivanka Trump and Tom Brady are among the neighbors in the enclave, which has its own controlled access and dedicated patrols.
Neighbors have reportedly welcomed Zuckerberg’s arrival. One resident, Irma Braman, who lives next door with her husband, auto-dealership magnate Norman Braman, said the couple plans to move into the property later this year and that the neighborhood is looking forward to their arrival.
The possible relocation to Florida comes amid a broader trend of wealthy individuals, particularly tech executives, diversifying their residential footprints beyond California. This shift has been driven in part by proposed tax changes in high-tax states; California has been considering a one-time “billionaire tax”, which could prompt affluent residents to seek more tax-friendly locales. Florida’s lack of a state income tax is often cited as a key incentive in these decisions.
Zuckerberg and Chan are long-time homeowners with residences in Palo Alto, California, Kauai, Hawaii, Lake Tahoeand Washington, D.C. The Miami purchase will expand their real-estate portfolio significantly, adding a substantial property in one of the most exclusive U.S. markets.
While the transaction has not been formally confirmed by the parties involved, local real-estate sources and multiple media outlets describe the deal as nearing completion, with a planned move-in timeline set for early to mid-April 2026. Should the sale close at the upper end of estimates, the property will rank among the most expensive private homes in the U.S., underscoring the continued demand for trophy real estate among the ultra-wealthy.
