Google co-founder Larry Page has reportedly invested $173.4 million in two waterfront estates in Miami’s exclusive Coconut Grove. Finalized earlier this year, this transaction involves the acquisition of two ultra-luxury mansions. The move reaffirms a trend of relocation that continues to reshape the movement of wealth across the US.
As per experts, the migration of business entities from California has been triggered by the proposed Billionaire Wealth Tax. Given that Larry Page has been one of its prominent critics, shifting his business operations to Miami could be seen as his form of resistance to the Billionaire Tax.
Google co-founder Larry Page buys two Miami properties worth $174 million
According to a report by The APT Team, the former Google CEO has reportedly invested around $174 million to purchase two properties in Miami. One is a “waterfront compound previously owned by prominent restaurateur Jonathan Lewis“, and the other is an expansive estate near the former.
This acquisition appears to be more than a mere lifestyle upgrade. It reflects a calculated “repositioning” of personal and financial capital. Industry experts point to a proposed billionaire wealth tax in California as a catalyst for this migration.
The legislation would impose a one-time five per cent levy on assets that exceed one billion dollars. This has prompted a systematic relocation of assets and businesses by those at the top of the economic spectrum.
By moving to Florida, the former Google CEO is seeking a jurisdiction that offers “tax clarity, rule of law, privacy, and long-term defensibility” of capital, all while maintaining a world-class standard of living that can no longer be guaranteed in traditional high-tax hubs.
Larry Page is far from alone in this sentiment. He joins an elite list of tech entrepreneurs and financial leaders. This includes Sergey Brin, Reed Hastings, and Jan Koum, who are actively exploring or acquiring trophy assets in Miami’s most secluded enclaves.
Related: Larry Page Moves Business Out Of California Due To “Billionaire Tax” Proposition
Larry Page’s Miami entry marks a big chapter in tech and business
Larry Page’s migration to Miami has major implications for a swift change in the business landscape. The impact of this influx on the South Florida market is already visible. Page’s investment follows a record-breaking year for nine-figure transactions in 2025, signaling that Miami has emerged as a definitive safe harbor for both capital and lifestyle.
As these individuals relocate, they bring with them a demand for high-end services and infrastructure, reinforcing the region’s status as a premier global hub for innovation and investment. This trend is resetting price expectations at the top end of the market. As the report states, the migration of elite capital is not a temporary “blip” but a sustained “acceleration” of professional and personal growth.
The moot point driving the headlines is the pursuit of stability in an era of fiscal uncertainty. For the former Google CEO, the decision to settle in Coconut Grove reflects a deliberate choice to align his professional assets with a region that prioritizes the interests of its residents and the growth of its economy.
As tax pressures continue to affect other parts of the country, Miami stands to benefit from an unprecedented migration of financial assets. The presence of such influential figures significantly alters the local real estate landscape. At the same time, it cements South Florida’s rise as the probable home base for the next generation of global industry leaders.
Indeed, this transition marks a new era for the region. The advent of prominent entrepreneurs will shape the future of the state as one of the world’s most famous destinations for capital and high-level living.
Also Read: Jensen Huang Is “Fine” With Proposed Billionaire Tax in California
