Google co-founder Larry Page now owns $188M in Florida property — as California titans flee the billionaire tax

Larry Page is laying down quite the welcome mat for himself in Miami.

A trust linked to the Google co-founder shelled out $14.97 million to add to his growing compound in affluent Coconut Grove, South Florida Business Journal reported.

The 6,355-square-foot residence rounds out Page’s multi-parcel, 4-plus acre estate assembled over the course of January, now worth more than $188 million.

Page isn’t the only tech founder house hunting in the Sunshine State. A proposed California ballot initiative targeting billionaires is sending big names tied to companies like Netflix, WhatsApp and Stripe fleeing for South Florida, The Post previously reported.

Corcoran’s Julian Johnston told The Post that the luxury market saw a huge rush of Palo Alto buyers and renters near the end of 2025.

“They all only wanted to see properties that they could close before the end of the year,” Johnston said.

The newcomers are upping the ante on a growing trend of billionaires turning Miami’s few, coveted Biscayne Bay lots into their very own waterfront fiefdoms.

Local luxury brokers told The Post that these high-net-worth clients roll into town expecting to buy substantial properties — but the task requires some DIY buy-outs, plus a whole lot of cash.

“I’ve talked to a few buyers from New York, and they all have 1, 2 or 3 acres in the Hamptons, maybe they have an acre in Connecticut, but it’s not common to get an acre in Miami Beach,” Johnston said. “You’ve got to assemble the land.”

Thanks to the growing popularity of South Florida’s low-tax, high-rolling environment, such land has become a rarity over the last decade. Miami residents enjoy equal access to the city’s sunny skies, but there’s a limited supply of seaside homes, particularly those on the more prestigious western and southern lots.

The combined demand and limited supply is driving up prices to eye-popping heights.

Prices along the ultra-exclusive Indian Creek Island, also known as Florida’s Billionaire Bunker, have doubled in recent years. The island’s wealthiest resident, Jeff Bezos, snapped up more than $200 million worth of real estate there between 2023 and 2024.

Companies opening offices in the business-friendly state since COVID-19, like Apple and Amazon, are bringing their wealthy C-suites with them. No one has made a bigger splash than hedge-funder Ken Griffin, whose Citadel and Citadel Securities moved their global headquarters to Miami’s Brickell financial district from their longtime Chicago site in 2022.

Griffin’s residential investments across South Florida include a two-parcel, $106.9 million Coconut Grove compound, as well as seven adjacent lots on Star Island worth a collective $169 million. Farther north, the billionaire has secured roughly 20 acres of Palm Beach properties to construct a billion-dollar mega-estate.

Brokers said South Florida billionaires like Griffin have made a habit of introducing themselves next door when the desire for a new pickleball court strikes.

“I’ve found over the past the past four or five years, it’s been increasingly common for a property owner to buy their neighbor,” Corcoran’s Mick Duchon told The Post. “Because finding large lots with substantial amounts of water frontage in Miami Beach is very difficult.”

Johnston recalled one of his tech founder clients trying to snag a stubborn neighbor’s home next door.

“She laughed, and he pulled a checkbook out of his back pocket and said, ‘I’ll write you a check right now,'” Johnston said. His client was successful. Another billionaire client of Johnston’s agreed to buy a teardown property next door just to avoid the pain of noisy construction.

“The billionaires just go next door and say, ‘What is it going to take to get this property?’” Johnston said.

Owl Creek’s Jeffrey Altman has snapped up three properties along Miami’s North Bay Road, according to public records — one for a main house, one for a guest house, and another for a tennis court, spa and additional lodging.

Along the same North Bay corridor, developer and padel entrepreneur Wayne Boich shelled out $11.6 million in 2023 for his neighbor’s waterfront teardown, the Real Deal reported.

When these 1%-ers buy up plots for their future homes, they also need a home to live in in the meantime. One of Bezos’ three Island Creek properties serves as his temporary home while his two lots on the other side of the island are under construction.

Anand Khubani, the “As Seen on TV” entrepreneur, spent nine figures on multiple parcels in Miami’s ritzy La Gorce neighborhood in 2024, and promptly purchased a $40 million property on North Bay Road while his family’s future estate comes together.

The trend goes far beyond Miami. A mystery buyer linked to Microsoft has bought up somewhere between $250 million to $350 million worth of Palm Beach real estate near Mar-a-Lago. The popularity of President Donald Trumps’ golf club has created excess demand in Palm Beach and beyond.

Orcale billionaire Larry Ellison is making a home in nearby Manalapan, where he purchased a $173 million 22-acre estate in 2022. He still keeps a 6.5-acre property in North Palm Beach that briefly listed for $145 million in 2022.

The bum-rush of billionaires poses the possibility that South Florida’s older generation of high-rollers could be pushed out.

“The price points North Bay Road and the Venetians have caught up to what the price points were on Indian Creek and Star Island five years ago,” Duchon said. “The price points on Indian Creek and Star Island have have increased so much, so fast, that even the top 1%, or the top .01% really would have a hard time locating a property.”