Sergey Brin Closes on South Florida Home for $51 Million

Barely two months after buzzy reports emerged that Google co-founder Sergey Brin was homeshopping in South Florida, the billionaire dropped $51 million on the waterfront Allison Island home of LVMH CEO Michael Burke.

Records show the Nevada entity Lagoon LLC bought the house at 6596 Allison Road from Burke and his wife, Brigitte Burke. Sources confirmed the true buyer is Brin. Brin’s offer on the off-market home was first reported by The Real Deal in January.

Coldwell Banker Realty’s Jills Zeder Group represented both sides of the deal, a source confirmed. The team did not respond to a request for comment.

The Burkes bought the 1-acre waterfront Allison Island property for $11.7 million in 2014, according to property records. They built the 9,700-square-foot mansion in 2019, and it spans seven bedrooms, eight bathrooms, one half-bathroom, a pool and a dock, records show.

The deal follows a flurry of purchases made by high-profile tech billionaires in recent months.

Brin’s Google co-founder Larry Page dropped $173 million on a pair of Coconut Grove homes in deals that were recorded in December and January. Facebook founder Mark Zuckerberg and his wife Priscilla Chan closed on an under-construction waterfront Indian Creek estate for $170 million earlier this week, making it the most expensive home ever sold in Miami-Dade County.

Market insiders point to California’s proposed 5 percent wealth tax as the catalyzing agent for this latest wave of ultraluxury sales.

Danny Hertzberg, a member of the Jills Zeder Group who has now brokered deals for Brin, Page and Zuckerberg, flew out to California when the tax was first proposed.

“Every week it’s building and building, the number of people who continue to come in,” Hertzberg told TRD last month. “We’re seeing and sending multiple offers. It’s never been like this before.”

But tech billionaires have been warming to South Florida for several years now. Oracle’s Larry Ellison bought a 16-acre oceanfront compound from Netscape co-founder Jim Clark for $173 million in 2022, and he recently declared it his primary residence, Forbes reported. Amazon founder Jeff Bezos bought up three Indian Creek estates for $234 million in 2023 and 2024.

Page, Brin, Bezos, Zuckerberg and Ellison are the second, third, fourth, fifth and sixth richest people in the world. That they all now own homes in South Florida signals the region’s rapid ascension as a luxury hub on the global stage since the pandemic triggered a wealth boom in the region six years ago.

While the tech migration boosts South Florida’s ultra-luxury market, the tri-county region’s housing market has stagnated overall.