Miami, FL - In a move that instantly became one of South Florida’s most talked about real estate headlines, Google co-founder, Larry Page, has purchased two ultra-luxury properties in Miami’s prestigious Coconut Grove neighborhood, spending an earth shattering $173.4 million in the process.

Larry Page’s acquisitions, is one of the most expensive residential buys in the region in recent years, and illustrates both Miami’s continuing rise as a hub for global wealth and the shifting residential patterns of Silicon Valley’s elite.

Two Estates | One Epic Miami Property

The twin purchases include:

A sprawling waterfront compound on Biscayne Bay, previously owned by the late restaurateur Jonathan Lewis, bought for roughly $101.5 million. The Miami estate spans approximately 4.5 acres and features multiple main residences, offering remarkable privacy and historic architectural charm.

A nearby modern mansion, acquired shortly afterward for about $71.9 million in a less-publicized off-market deal from heiress Sloan Lindemann Barnett and her husband.

Together, these two properties help define Page’s new Miami footprint which is one combining classic elegance, waterfront access and the sort of scale that only a buyer at this level can secure.

Lifestyle and Strategy

While the Miami lifestyle of subtropical weather, waterfront living, world-class dining and cultural dynamism, its undoubtedly attractive tax strategy appears to be a powerful factor in this $173 million decision. Page has been reported to be transitioning personal and business affiliations out of California ahead of a proposed “billionaire wealth tax” that could impose a one time 5% levy on fortunes above $1 billion.

Florida, which is more billionaire friendly, has no state income tax, making it an increasingly appealing base for ultra high net worth individuals balancing lifestyle with financial optimization.

Industry experts note that Page’s move include both the real estate and other legal reshuffling of entities fits a broader pattern of tax sensitive relocations by tech founders and wealthy individuals, particularly from California to Florida.

More About California's Billionaire Tax

California is currently embroiled in a high stakes discussion over a proposed one time “billionaire tax” that would assess a five percent tax on the net worth of residents who are worth more than $1 billion. This could affect about 200 ultra wealthy individuals due to the initiative. Known as the 2026 Billionaire Tax Act, its being driven by labor unions and healthcare advocates as a way to raise an estimated $100 billion to provide funds for underfunded public services, especially healthcare and education programs that face large budget shortfalls. Supporters argue the wealthy have long benefited from California’s economy and should contribute more to address systemic funding gaps without burdening middle income taxpayers.

The opponents, including state officials, business leaders, and many in the tech sector, warn that such a tax could trigger an exodus of wealth, capital, and talent out of California, weakening the state’s innovation engine and shrinking its long term tax base. Some high profile tech figures have already shifted business entities or residences out of state in anticipation of the measure, underscoring concerns that aggressive wealth taxation may accelerate moves to more tax friendly states such as Florida and Texas. The proposal must still gather enough signatures to appear on the November 2026 ballot, and if approved by voters, would apply retroactively to those who resided in California on January 1, 2026.

A Broader Billionaire Trend

The Google co-founder's high-profile investment arrives amongst a wider trend of luxury property demand from Silicon Valley elites to South Florida. Real estate professionals in Coconut Grove, Miami Beach, and other premium neighborhoods report increased interest from buyers seeking privacy, waterfront estates, and tax friendly domiciles.

Even other Google co-founders such as Sergey Brin are reported to be in discussions about potential Miami property purchases, suggesting that this may not be an isolated case.

What This Means for Miami

The Page purchases reinforce Miami’s growing reputation as a global magnet for wealthy residents and investors. With its appealing tax laws and high-end real estate inventory, the city continues to pull capital and attention away from traditional coastal strongholds including New York and San Francisco, and into South Florida.

Whether this signals a long term shift in where the ultra-wealthy choose to live, or simply another headline grabbing purchase, it remains part of an evolving story about wealth, mobility, and the changing landscape of luxury real estate in America.