Mark Zuckerberg in Contract to Buy Indian Creek Island Mansion as Billionaire Exodus to Florida Accelerates
As reported by the Wall Street Journal, Mark Zuckerberg and his wife Priscilla Chan have quietly gone into contract to acquire one of South Florida’s most extraordinary luxury homes — a newly completed waterfront mansion at 2 Indian Creek Island Road in Miami’s ultra-exclusive Indian Creek Island enclave. The off-market deal, reportedly negotiated without public listing and possibly outside traditional brokerage channels, is estimated to be between $150 million and $200 million — a potential record for Miami-Dade County luxury residential real estate.
What Makes the Indian Creek Purchase Noteworthy
Indian Creek, known as the “Billionaire Bunker,” is one of the most secure and private residential islands in the United States. The 1.8-acre estate is newly completed and features the scale and amenities expected at the ultra-luxury level, including expansive waterfront vistas and privacy beyond typical gated communities.
The seller is Peter Cancro, founder of Jersey Mike’s Subs, who developed the property after acquiring it for significantly less in prior years.
If finalized within the reported range, the sale would underscore the ongoing surge in record-setting pricing in South Florida’s trophy home market.
A Broader Trend: Billionaires Fleeing California
Zuckerberg’s move isn’t happening in isolation. In recent months, multiple California-based tech billionaires have been spotted acquiring major real estate in Miami and surrounding South Florida markets:
Google co-founder Sergey Brin bought a waterfront mansion on Allison Island for $50M
This surge aligns with heightened concerns over a proposed “billionaire tax” in California — a one-time wealth tax targeted at residents with net worths above $1 billion that could apply retroactively, prompting strategic relocations ahead of any enactment.
Luxury real estate professionals have noted that some ultra-wealthy buyers have rapidly established Florida residency, completing purchases and closings within a week of decision — illustrating how tax policy is influencing high-end property movements.
Why Florida — and Miami — Have Become the Epicenter
Several factors make Miami and South Florida especially attractive to ultra-wealthy buyers:
No state income tax, providing a major financial incentive compared with high-tax states like California.
A robust luxury real estate market with trophy properties already in place.
A globally connected lifestyle and business community that appeals to executives and founders.
Privacy and security in enclaves like Indian Creek — coveted assets for high-profile residents.
This combination is driving not just interest but actual deals.
What Zuckerberg’s Deal Signals for the Market
Mark Zuckerberg’s reported Indian Creek acquisition isn’t just another home purchase — it’s a symbolic moment in the luxury housing segment and the broader narrative of wealth mobility in the U.S.
Whether viewed as a lifestyle choice or a financial strategy, the purchase reinforces Miami’s role as a premier destination for ultra-high-net-worth individuals. With multi-hundred-million-dollar properties transacting away from California, South Florida’s market dynamics could shift further toward scarcity and higher price benchmarks.
As billionaire migrations accelerate and tax policies evolve, luxury real estate trends once viewed as niche are now shaping national conversations about wealth, residency, and mobility.
Miami Concours Returns to the Miami Design District February 13–15, 2026
Pagani Huayra on display at the Miami Concours. Photo credit: World Red Eye.
The Miami Concours is returning to the Miami Design District for its ninth edition, transforming the neighborhood into a three-day global showcase of automotive design, innovation, and culture from February 13–15, 2026.
Set against the Design District’s iconic architecture, public art, and luxury retail, Miami Concours has evolved beyond a traditional car show into one of the most anticipated luxury automotive events in the United States.
Lamborghini Countach on display at the Miami Concours. Photo credit: Miami Concours & duPont REGISTRY.
A Global Stage for Automotive Design and Innovation
This year’s Miami Concours brings together an extraordinary collection of post-war automobiles, rare vintage supercars, and next-generation hypercars, all displayed throughout the Miami Design District.
Presented in partnership with leading collectors and automotive brands, the event blends high design, engineering excellence, fashion, and architecture, creating a fully immersive experience that reflects Miami’s growing role on the global luxury stage.
Brett David, Craig Robins, Ronnie Vogel, and John Temerian Jr. at the Miami Concours. Photo credit: World Red Eye.
Celebrating 20 Years of the Ferrari P4/5 by Pininfarina
One of the most anticipated moments of the 2026 edition is the 20th anniversary of the Ferrari P4/5 by Pininfarina, widely regarded as one of the most important one-off Ferraris ever created.
Automotive entrepreneur and collector Jim Glickenhaus will attend as a special guest, arriving with a curated lineup that includes:
Ferrari P4/5
Ferrari P4/5 Competizione
SCG 004C and 004S hypercars
Together, these vehicles highlight the intersection of bespoke craftsmanship, performance, and modern automotive ambition.
Ferrari Monza SP2 on display at the Miami Concours. Photo credit: World Red Eye.
New for 2026: The Red Carpet Showcase Experience
Debuting this year, Sunday’s Red Carpet Showcase introduces a ticketed, curated experience with enhanced programming and exclusive access across the Miami Design District.
The showcase places a special focus on the future of hypercars, anchored by two spotlight presentations:
The legacy of the V12 engine, explored through the work of renowned designer Luc Donckerwolke, beginning with his iconic Murciélago design
American automotive ambition, celebrating supercars shaped by visionaries such as Carroll Shelby alongside today’s emerging builders
This programming reinforces Miami Concours’ position at the forefront of luxury automotive culture.
Isabela Rangel Grutman at the Miami Concours. Photo credit: World Red Eye.
Miami Concours Weekend Highlights
The three-day event features a lineup of curated experiences across the district:
Friday, February 13
Ticketed Drive-In Movie Night
Opening celebrations throughout the Design District
Saturday, February 14
Welcome Experience with brand activations
Car displays, food & beverage vendors, and live music
VIP Collectors Dinner
Sunday, February 15
Red Carpet Showcase featuring rare supercars and hypercars
VIP Red Carpet Experience, including dedicated lounges, enhanced hospitality, and premium viewing areas
The Moore Miami serving as the hospitality anchor for VIPs, partners, and collectors
Concours Talks, an engaging panel series exploring the future of luxury across automotive, design, and fashion
Miami Concours at the Intersection of Luxury and Culture
Led by The Concours Group and supported by a curated roster of automotive, luxury, and lifestyle partners, Miami Concours continues to redefine what a modern concours event can be. By seamlessly integrating automobiles with architecture, fashion, art, and hospitality, the event has become a defining cultural moment in Miami’s annual calendar.
As Miami continues to gain international recognition as a global design and luxury destination, the Miami Concours stands out as a signature event that reflects the city’s evolving identity.
Tri-Level Penthouse at Brickell Flatiron with Private Rooftop Pool Goes to Auction
Photo Credit: Lux Media Group and Carol Villela
A Designer-Ready Canvas with Private Rooftop Pool
Set atop the iconic Brickell Flatiron, this tri-level designer-ready penthouse offers over 7,800 square feet indoors and approximately 2,700 square feet of terraces. It features five bedrooms, seven full bathrooms, and two powder rooms. The crown jewel is the private rooftop pool deck, complete with an outdoor shower, wet bar, and expansive alfresco space perfect for entertaining. With over 200-degree panoramic views, you’ll enjoy sunrise-to-sunset vistas and moonlit gatherings in unparalleled privacy. Whether you envision a cutting-edge chef’s kitchen, a private gym, or a custom home theater, every detail can be tailored to your vision, making this a true one-of-a-kind home atop the Brickell skyline.
Photo Credit: Lux Media Group and Carol Villela
Bespoke Potential Across Three Levels
This blank canvas allows your imagination to flourish across three levels. A dedicated elevator ensures seamless access, while triple-height ceilings and vast, open interiors invite bespoke design. The penthouse’s open layout and grand terraces provide endless possibilities for both lavish entertaining and serene daily living.
Photo Credit: Lux Media Group and Carol Villela
Auction at ModaMiami with RM Sotheby’s
In partnership with RM Sotheby’s, the auction begins on February 18 and culminates live on February 28 at ModaMiami, a premier luxury event. Listed at $14.9 million, the auction invites discerning buyers worldwide to establish the final value. “Presenting this property through a time-certain auction allows us to connect it with qualified global buyers who recognize the opportunity to create a truly bespoke residence in the heart of Brickell,” said Chad Roffers, CEO and Co-Founder of Sotheby’s Concierge Auctions.
Photo Credit: Lux Media Group and Carol Villela
Brickell Flatiron: Luxury in the Heart of Brickell
Completed in 2019, Brickell Flatiron rises 64 stories with 523 units. Residents enjoy valet, spa, fitness center, and a resort-style pool, all within the tower. The famed Sexy Fish restaurant is located at the base of Brickell Flatiron, while top dining, Brickell City Centre, and Mary Brickell Village are just steps away, offering a vibrant, walkable lifestyle in the heart of Brickell.
Two Roads Development Files New Lawsuit Against Remaining Biscayne 21 Unit Owners
Two Roads Files New Petition Following Biscayne 21 Restoration Order
The newly filed petition asks the court to declare the 62-year-old waterfront building, located in Edgewater, effectively beyond repair and to allow termination and partition of the property, despite the recent ruling that preserved unit owners’ titles and required restoration of the condominium.
Developer Owns 183 of 192 Units at an Average of $831 Per Square Foot
According to the filing, TRD Biscayne, LLC currently owns 183 of Biscayne 21’s 192 total units, representing approximately 95.3% ownership of the building.
The filing also reveals that the developer acquired 183 of the building’s 192 units at an average price of approximately $831 per square foot, a detail that adds important context to the dispute as the remaining nine unit owners continue to assert their rights under the condominium’s original declaration and Florida law.
A Shift From Legal Authority to Economic Arguments
In contrast to earlier litigation, which focused on statutory termination authority and amendment language, the new petition largely reframes the dispute as an economic one.
The filing argues that restoring the building is not financially viable and contends that continued efforts to preserve the condominium would result in economic waste. It characterizes the remaining unit owners as obstructing termination rather than seeking re-occupancy.
Notably, the petition does not undo or supersede the recent appellate ruling that invalidated the prior termination and restored ownership rights. Instead, it seeks a different legal pathway to reach the same result: termination of the condominium.
Why Ownership Rights Remain Central to the Dispute
At its core, the renewed litigation highlights a fundamental tension in Miami’s redevelopment landscape: when does economic efficiency outweigh individual ownership rights?
Florida condominium law has long recognized that condominiums are not merely investment vehicles but forms of homeownership. Courts have repeatedly emphasized that termination statutes and equitable relief are not meant to be used to sidestep contractual rights embedded in condominium declarations.
While developers may argue that redevelopment maximizes value, homeowner protections exist precisely to prevent unilateral action that divests owners of their property interests without strict compliance with the law.
What Happens Next
The newly filed petition does not alter the existing court order requiring restoration of Biscayne 21. Any change to that outcome would require further judicial review and findings by the court.
For now, the case serves as a reminder that court rulings and legal process matter, particularly when homes — not just assets — are at stake.
As Miami continues to evolve, the Biscayne 21 dispute underscores why vigilance around homeowner rights remains essential, even amid intense redevelopment pressure.
Four Seasons Private Residences Coconut Grove Secures $324M Construction Loan
A Major Milestone for One of Miami’s Most Anticipated Luxury Projects
Four Seasons Private Residences Coconut Grove has officially cleared a major hurdle toward construction after securing a $323.8 million construction loan, signaling strong lender confidence and paving the way for the project to move forward.
The financing was secured by developers CMC Group and Fort Partners, two of the most established names in South Florida luxury development, with the loan provided by Bank OZK, a frequent lender on high-profile luxury condo projects across the United States
Construction Financing Signals Momentum and Execution
Securing construction financing is one of the most critical milestones for any large-scale condominium development. In today’s cautious lending environment, a loan of this size underscores the project’s financial strength, sales performance, and overall market demand.
With financing now in place, Four Seasons Private Residences Coconut Grove is expected to advance confidently into the next phase of development, transitioning from vision to vertical construction.
Over 50% Pre-Sold
Even more telling than the financing itself is the project’s sales performance. Industry sources indicate that more than 50% of the residences were already sold by late 2025, well ahead of projections.
Strong pre-sales not only reduce developer risk but also play a key role in securing construction loans—making this financing a direct reflection of buyer confidence in the project, the brand, and the Coconut Grove condo market.
Prices Surpass $4,000 Per Square Foot
Four Seasons Private Residences Coconut Grove is also making headlines for its pricing. Non-penthouse residences have reportedly eclipsed $4,000 per square foot, positioning the project as the highest price-per-square-foot condominium development on the Miami mainland—a benchmark historically reserved for ultra-luxury oceanfront properties.
This pricing reinforces Coconut Grove’s evolution into one of Miami’s most prestigious residential submarkets and highlights the growing demand for branded luxury living outside traditional beachfront corridors.
A Defining Project for Coconut Grove and Miami Luxury Real Estate
With world-class branding, top-tier developers, strong pre-sales, record-setting pricing, and now construction financing secured, Four Seasons Private Residences Coconut Grove is shaping up to be one of the most significant luxury residential projects in Miami’s current development cycle.
As construction moves forward, the project is expected to further elevate Coconut Grove’s status while setting new benchmarks for luxury condominium pricing and demand on the mainland.
HQ Residences Miami Unveils New Interior Renderings and BioHack Wellness Partnership
HQ Residences Miami has revealed a new series of interior renderings, offering a first look inside the residential experience behind one of Downtown Miami’s most culture-forward branded condominium projects. The latest visuals highlight a hospitality-driven approach to design—blending elevated interiors, wellness-focused living, and entertainment-centric amenities into a lifestyle-oriented offering in the heart of Edgewater.
The release follows a separate announcement naming HQ Residences Miami as the first residential event partner of BioHack Miami, reinforcing the project’s positioning at the intersection of design, wellness, and experiential living.
A Hospitality-First Interior Concept
Designed with comfort, functionality, and understated luxury in mind, interiors at HQ Residences Miami reflect a hospitality-first philosophy more commonly found in high-end hotel environments. The residences emphasize open-concept layouts that support both everyday living and entertaining, paired with warm, modern material palettes that feel refined yet livable.
Floor-to-ceiling windows maximize natural light while expansive private terraces create an indoor-outdoor flow, allowing residents to seamlessly extend their living spaces outdoors—an essential element of Miami living.
Kitchens and Baths Designed for Daily Living and Wellness
Kitchens are designed to balance form and function, featuring Italian cabinetry in warm wood tones, natural stone surfaces, and a full suite of integrated designer appliances. The layouts are optimized for both casual use and hosting, reinforcing the project’s lifestyle-driven focus.
Bathrooms draw inspiration from spa environments, aligning with the building’s broader wellness ethos. Walk-in showers, floating-style dual vanities, and rich material selections create a calming, restorative atmosphere designed to support daily routines centered on relaxation and recovery.
Interiors by Award-Winning Design Studios
Interior design for HQ Residences Miami is led by internationally recognized studios DesignAgency and Craft Studio, both known for their hospitality and lifestyle-focused residential work. The design approach reflects a balance between modern elegance and warmth, intentionally avoiding overly rigid or purely aesthetic concepts in favor of livable, experience-driven spaces.
Wellness and Lifestyle Anchored by Hospitality Expertise
HQ Residences Miami’s lifestyle and amenity programming has been curated in collaboration with Black Salmon and sbe, under the leadership of hospitality visionary Sam Nazarian. The project is organized around four core pillars: wellness, entertainment, art, and community.
Wellness amenities are expected to include yoga and open-air training terraces, contrast therapy circuits with hammam, sauna, steam rooms, plunge pools, and bathhouse-style treatments, along with a state-of-the-art fitness center and dedicated recovery spaces.
Adding to its wellness-driven positioning, HQ Residences Miami was recently named the inaugural residential event partner of BioHack Miami. The collaboration introduces curated longevity, recovery, and wellness programming directly into the project’s sales phase, reflecting a growing shift in how luxury buyers evaluate residential environments. As Marie Sophie Baier, Creative Director and Co-Founder of BioHack Miami, puts it: “Longevity isn’t something you activate once in a while. It’s built through daily routines like how you sleep, recover, move, and work. Your home environment either supports those routines or makes them harder. This partnership is about supporting an environment that makes a healthier lifestyle easier to follow and live.”
Through on-site BioHack events, prospective residents will experience hands-on wellness activations that align with the project’s long-term vision for health-forward living. The partnership underscores how architecture, materials, light, community, and wellness infrastructure are increasingly viewed as integral components of modern luxury real estate.
HQ Residences Miami Project Overview
With prices from $850,000, HQ Residences Miami will rise 35 stories and feature 229 condominiums with one- to three-bedroom layouts ranging from approximately 721 to 2,074 square feet. The project is located at 422 NE 29th Street in Edgewater, positioning residents between Downtown Miami and the Design District.
David Beckham Sells One Thousand Museum Museum Penthouse for $24.6 Million
David Beckham has officially sold his Miami penthouse at One Thousand Museum for $24.6 million, a transaction that stands out not just for the celebrity name attached to it, but for the extraordinary price per square foot achieved compared to recent sales in the building.
The sale, which closed off-market in September, places Beckham’s residence among the most expensive condo transactions in Greater Downtown Miami over the past year — and at a valuation that significantly outpaces nearby comparables.
Inside Beckham’s Former One Thousand Museum Penthouse
Located at 1000 Biscayne Boulevard, One Thousand Museum is a striking Zaha Hadid–designed tower overlooking Museum Park and Biscayne Bay. The building is known for its full-floor and half-floor residences, ultra-private layouts, and dramatic architecture.
Beckham’s former penthouse spans 9,200 square feet, placing it in a rare tier even within a luxury tower that already caters to high-net-worth buyers. At a final sale price of $24.6 million, the transaction pencils out to $2,674 per square foot. Beckham acquired the penthouse in September 2022.
While details such as furnishings and interior upgrades were not publicly disclosed, celebrity ownership alone often adds a layer of intangible value — particularly in a globally recognized, architecturally significant building.
A $2,674 Per Square Foot Sale
What makes this sale especially notable is how sharply it contrasts with the three most recent closed sales at One Thousand Museum.
TH-1002 sold on October 24, 2025 for $1,024 per square foot
Unit 3001 sold on May 27, 2025 for $1,217 per square foot
Unit 2501 sold on May 20, 2025 for $1,188 per square foot
Even the strongest of those transactions falls well under half of the $2,674 per square foot achieved by the penthouse — meaning Beckham’s sale closed at well over double the price per square foot of the the recent comps in the building.
Why the Premium Matters
While penthouses typically command a premium, the magnitude of this spread is unusual, especially in a building where many residences already occupy full floors with panoramic views.
Several factors likely contributed to the outsized valuation:
Penthouse positioning at the top of an iconic tower
Celebrity provenance, which can meaningfully influence ultra-luxury pricing
Potential custom interiors or turnkey condition
Long-term scarcity of comparable trophy residences in Downtown Miami
Regardless of the exact mix, the sale reinforces a key takeaway: exceptional, irreplaceable units can trade on an entirely different pricing curve than the rest of the building.
A Strong Signal for Trophy Assets in Miami
Beckham — who also co-owns Inter Miami CF — has long maintained a presence in South Florida, and this sale adds to a growing list of headline-grabbing luxury transactions tied to high-profile buyers and sellers.
While the broader condo market remains sensitive to interest rates and inventory levels, this deal shows that best-in-class, one-of-one residences continue to attract premium capital, even when nearby comparables tell a very different story.
One Brickell Riverfront Towers Officially Top Off in Brickell
Construction has officially reached new heights in Brickell
The topping-off ceremony took place on January 16, 2026, led by development partners Newgard Group and Two Roads Development, alongside general contractor G.T. McDonald. The traditional celebration included the raising of an American flag and the placement of a palm tree atop the LOFTY Brickell tower—symbolizing progress, resilience, and momentum. “This milestone reflects the collective effort of an extraordinary team and the strong collaboration between Newgard and Two Roads,” said Harvey Hernandez, CEO of Newgard Group. “Reaching the top of both towers ahead of schedule is a testament to the commitment of our construction partner, G.T. McDonald, and everyone involved in bringing this project to life.”
Kenny Tharrington, Javier Cuadros, Frank Rodriguez, Harvey Hernandez, Harvey Hernandez Jr., Carlos Gallardo, Jay Joglekar, Kate Sanko, and Stephanie Adames of Newgard Group
A Major Brickell Milestone Reached Ahead of Schedule
Located at 99 SW 7th Street, directly across from Brickell City Centre, One Brickell Riverfront is a master-planned, dual-tower riverfront development designed by Arquitectonica.
The Standard Residences Brickell
• 46 stories
• 422 residences
Construction remains months ahead of schedule, with delivery anticipated for August 2027—a notable achievement given the scale and complexity of the project. “Brickell continues to set the pace for urban living in Miami, and One Brickell Riverfront represents one of the neighborhood’s most significant riverfront developments,” said Brad Meltzer, Partner and President of Two Roads Development. “It is the collaborative spirit of all those involved that has allowed us to achieve this key milestone, and we are excited for many more to come.”
Backed by $513 Million in Construction Financing
The topping-off milestone follows the joint venture’s closing of $513 million in construction financing in late 2025—one of the largest residential construction loans in South Florida. The financing supported the project’s continued vertical construction and reinforced strong lender confidence in Brickell’s long-term residential demand.
LOFTY Brickell: Flexible Ownership Meets Five-Star Living
LOFTY Brickell offers studios, one- and two-bedroom residences, and penthouses furnished by INC. The tower is designed to appeal to buyers seeking a five-star lifestyle with added flexibility.
Key highlights include:
40,000 square feet of amenities
Private marina along the Miami River
Resort-style pool deck
Spa, fitness center, cigar lounge, and co-working spaces
Ground-floor waterfront restaurant by AVRA Estiatorio, the acclaimed New York City brand
A limited number of penthouses remain available, with pricing ranging from $2.4M to $3.5M. The project has drawn strong interest due to its flexible ownership model, allowing owners to rent their residences on their own terms.
The Standard Residences Brickell: Hospitality-Driven Urban Living
The Standard Residences Brickell brings the brand’s signature hospitality ethos into a full-service residential tower. Interiors are designed by GOODRICH, with residences ranging from studios to two-bedroom layouts. Pricing begins in the mid-$600,000s.
Amenities span multiple levels and include:
Rooftop pool with towel and beverage service
The Standard Club Lounge & Café
Co-working spaces
10th-floor spa with Hammam, saunas, and cold plunge
Fitness center, bowling alley, screening room, and pet spa
Signature dining on the ninth floor and a riverfront restaurant at street level
Sales have remained consistently strong since launch, reflecting buyer enthusiasm for design-forward living paired with personalized service.
A Strategic Partnership with a Proven Track Record
The collaboration between Newgard Group and Two Roads Development was formed in November 2024, bringing together two firms with extensive experience delivering iconic, design-led residential projects across South Florida.
As Brickell continues to evolve into one of the most dynamic urban cores in the country, One Brickell Riverfront stands out as a transformational riverfront development that blends architecture, hospitality, and flexible ownership in a prime location.
With both towers now topped off and delivery targeted for 2027, this milestone reinforces Brickell’s momentum—and signals what’s next for Miami’s luxury residential skyline.
THE WELL Coconut Grove Breaks Ground with $410M Loan, Bringing Wellness Living to Miami
Record-Breaking Financing Fuels Construction
THE WELL Coconut Grove, a joint venture between Terra and AB Asset Management, has broken ground backed by a $410 million construction loan from Tyko Capital—the largest ever in Coconut Grove’s history. David Martin, CEO of Terra, stated, “This construction financing and groundbreaking marks significant milestones for both Terra and THE WELL as we expand our wellness-focused residential and hospitality footprint in one of Miami’s most vibrant neighborhoods.”
Exclusive Amenities for a Balanced Lifestyle
THE WELL Coconut Grove offers a 40,000-square-foot rooftop wellness oasis with a private pool, hot and cold plunges, cabanas, and a pickleball court. The 13,000-square-foot state-of-the-art wellness center includes a communal bathhouse, crystal cave lounges, hyperbaric chambers, and vitality lounges. Residents can enjoy unique social spaces like an aperitif bar, a tea garden, and the Conservatory for coworking or IV therapy, plus personalized wellness services like bi-annual health coaching and access to the latest wellness technologies.
Wellness-Focused Luxury Living
Set to open in Q4 2028, THE WELL Coconut Grove will feature 194 residences across 8 stories. Residences range from one to four bedrooms, spanning 960 to 4,200 square feet, with prices starting at $1.5 million. Interiors include Italkraft cabinetry, Sub-Zero and Wolf appliances, Kraus Kore sinks, and quartzite countertops. Many units offer dedicated Wellness Dens for meditation and in-home wellness packages curated by THE WELL.
