In a move that speaks louder than any headline, Google co-founder Larry Page has just spent $173.4 million on two ultra-luxury Coconut Grove mansions, solidifying a relocation trend that’s reshaping the global luxury real estate landscape. Page’s purchases — one a waterfront compound previously owned by restaurateur Jonathan Lewis and another an expansive nearby estate — highlight Miami’s ascendancy as the destination of choice for the ultra-wealthy.
This isn’t coincidence. Page’s decisive move out of California comes amid growing concerns over a proposed billionaire wealth tax that would impose a one-time 5% levy on fortunes over $1 billion. In anticipation of this legislation, Page has systematically relocated assets and business entities out of California and into Florida, setting up residence where tax policy, privacy, and lifestyle appeal align with the priorities of global capital.
Capital Is Repositioning — And Miami Is the Destination
Besides Larry Page, other high-rollers like Sergey Brin, Reed Hastings, and Jan Koum are either acquiring or actively exploring ultra-luxury real estate in Miami’s most exclusive neighborhoods, as reported by The New York Post.
Industry experts are calling it more than a migration — it’s a strategic repositioning. This is not a lifestyle trend—it’s strategic repositioning. Faced with growing fiscal uncertainty, ultra-high-net-worth individuals are prioritizing jurisdictions that offer tax clarity, rule of law, privacy, and long-term defensibility, paired with a global lifestyle. Miami uniquely delivers all of the above.
At the trophy level, the impact is already visible. As global capital reallocates, Miami continues to attract not just demand—but premium, price-setting demand—reinforcing its position as one of the world’s most compelling safe harbors for capital and lifestyle.
As experts note, Miami now draws high-net-worth families not only for its tax advantages but for the lifestyle and world-class real estate inventory that can’t be replicated elsewhere. These are buyers for whom politics could tip the balance as much as the villa itself.
Miami—has emerged as a magnet for trophy buyers. Page’s headline purchase reinforces South Florida’s as an elite enclaves, complementing an already strong slate of nine-figure transactions in 2025 that outpaced traditional luxury hubs like New York and California.
For Miami’s luxury real estate market, the implications are clear: this is not a blip, it’s acceleration. The presence of ultra-wealthy buyers — motivated by lifestyle, financial strategy, tax considerations, and global mobility — is resetting price expectations at the top end and confirming South Florida’s rise as the definitive home base for capital and lifestyle migration.
