Sergey Brin, co-founder of Google, has acquired a high-profile waterfront home in South Florida, marking another significant purchase by tech billionaires in the region. The 1-acre Allison Island property, previously owned by LVMH CEO Michael Burke and his wife, Brigitte Burke, was sold for $51 million to Brin through a Nevada-based entity, Lagoon LLC. Property records indicate the Burkes purchased the land in 2014 for $11.7 million and constructed a 9,700-square-foot mansion in 2019, featuring seven bedrooms, eight bathrooms, a pool, and a dock. The transaction, confirmed by Coldwell Banker Realty’s Jills Zeder Group, followed a series of luxury real estate deals involving other tech moguls. The deal aligns with a recent surge in ultraluxury home purchases by high-profile tech billionaires. Larry Page, another Google co-founder, recently spent $173 million on two Coconut Grove properties, while Facebook founder Mark Zuckerberg and his wife, Priscilla Chan, finalized a $170 million purchase of an under-construction waterfront estate in Indian Creek, setting a new record for Miami-Dade County. Market analysts attribute this trend to California’s proposed 5 percent wealth tax, which has prompted wealthy individuals to seek tax-friendly locations. Danny Hertzberg, a broker associated with the Jills Zeder Group, noted that the influx of buyers has created unprecedented demand, with multiple offers being submitted for properties in the region. South Florida’s appeal to tech billionaires has grown steadily over the past several years. Oracle’s Larry Ellison acquired a 16-acre oceanfront compound in 2022 for $173 million, which he recently designated as his primary residence. Amazon founder Jeff Bezos also invested heavily in Indian Creek, purchasing three estates for $234 million between 2023 and 2024.#google #south_florida #lvmh #sergey_brin #coldwell_banker_realty
