Mark Zuckerberg and his wife, Priscilla Chan, closed on their purchase of an Indian Creek mansion for a record $170 million.
The deal marks the culmination of weekslong buzz among the real estate community over the billionaire couple’s impending purchase on the exclusive waterfront island.
Zuckerberg, who is CEO of Meta, and Chan bought the under-construction home on a 2-acre site from Dr. Aaron Rollins, a cosmetic surgeon to celebrities, and his wife, Marine Rollins, a real estate agent. The deal closed Monday, the Wall Street Journal reported.
The sellers paid more than $30 million for the site in 2020, designing and building the home in subsequent years. Plans are for a 30,000-square-foot, nine-bedroom estate with amenities including a gym, hair salon and 1,500-gallon aquarium.
Ferris Rafauli is the architect and designer of the interior and landscaping.
The Rollinses listed the home for $200 million in November. Danny and Jill Hertzberg of Coldwell Banker Realty listed the property. Brett Harris of Bespoke Real Estate represented Zuckerberg and Chan.
The property is at 7 Indian Creek Island Road.
Zuckerberg’s purchase is widely tied to a proposed billionaire tax in California, which is expected to send another wave of wealthy homebuyers to South Florida.
While California is weighing a one-time 5 percent tax on residents with a net worth of more than $1 billion, Florida has no income tax and has taken the first step in the approval process to nix non-school property taxes on homesteaded residences.
Zuckerberg and Chan’s purchase is a record for Miami-Dade County, though not for Florida, where the top deal was for a waterfront estate in Naples that sold for $225 million.
In Miami-Dade, billionaire developer Vlad Doronin sold his Star Island estate for $120 million last year. In 2022, billionaire Ken Griffin, who was part of the Miami influx of well-heeled out-of-staters during the pandemic, dropped $106.9 million for Adrienne Arsht’s Coconut Grove estate.
Griffin moved the headquarters for his Citadel and Citadel Securities in 2022 from Chicago to Miami’s Brickell, where he plans to develop the companies’ headquarters tower on a waterfront site.
Griffin also holds the residential deal record nationwide, with his roughly $238 million purchase of a New York apartment in 2019.