Sergey Brin, co-founder of Google, has purchased the Miami Beach home of LVMH CEO Michael Burke for $51 million. The transaction was completed through Lagoon LLC, a Nevada-based entity. Sources have confirmed that Brin is the actual buyer. The property is located at 6596 Allison Road on Allison Island.
The sale was managed by Coldwell Banker Realty’s Jills Zeder Group, which represented both the buyer and seller. The Burkes originally acquired the one-acre waterfront property in 2014 for $11.7 million and constructed a 9,700-square-foot mansion in 2019. The residence includes seven bedrooms, eight bathrooms, a half-bathroom, a pool, and a dock.
This purchase is part of a recent trend where several prominent technology billionaires have acquired high-value properties in South Florida. Larry Page, also a Google co-founder, bought two homes in Coconut Grove for $173 million between December and January. Earlier this week, Facebook founder Mark Zuckerberg and his wife Priscilla Chan closed on an under-construction estate in Indian Creek for $170 million, setting a new record for Miami-Dade County’s most expensive home sale.
Industry observers attribute this surge in luxury real estate purchases to California’s proposed 5 percent wealth tax. Danny Hertzberg from the Jills Zeder Group noted increased activity since the tax proposal: “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.”
Interest from tech leaders in South Florida has been growing over several years. In 2022, Oracle’s Larry Ellison bought an oceanfront compound from Netscape co-founder Jim Clark for $173 million and recently made it his primary residence according to Forbes. Amazon founder Jeff Bezos acquired three estates on Indian Creek for $234 million between 2023 and 2024.
Brin joins Page, Bezos, Zuckerberg, and Ellison—who are among the world’s wealthiest individuals—in owning homes in South Florida. Their investments highlight the region’s rise as a global luxury destination following significant economic growth since the pandemic began six years ago.
Despite these high-profile transactions boosting South Florida’s ultra-luxury segment, overall housing market activity across Miami-Dade County remains stagnant.
