Sergey Brin, co-founder of Google, has purchased a waterfront home on Allison Island in Miami Beach for $51 million. The property was previously owned by Michael Burke, CEO of LVMH, and his wife Brigitte Burke. According to public records, the transaction was made through Lagoon LLC, a Nevada-based entity. Sources have confirmed that Brin is the true buyer.
The sale was handled by Coldwell Banker Realty’s Jills Zeder Group, which represented both parties in the deal. The group did not provide any comment regarding the transaction.
The Burkes acquired the 1-acre property for $11.7 million in 2014 and constructed a 9,700-square-foot mansion on it in 2019. The residence features seven bedrooms, eight bathrooms, one half-bathroom, a pool, and a dock.
This purchase is part of a recent trend where several prominent technology billionaires have bought homes in South Florida. Larry Page, also a Google co-founder, spent $173 million on two homes in Coconut Grove between December and January. Earlier this week, Facebook founder Mark Zuckerberg and his wife Priscilla Chan completed the purchase of an under-construction estate on Indian Creek for $170 million—the highest price ever paid for a home in Miami-Dade County.
Market observers attribute this surge in high-end real estate transactions to California’s proposed wealth tax of five percent. Danny Hertzberg from Jills Zeder Group commented last month: “Every week it’s building and building, the number of people who continue to come in,” he told TRD. “We’re seeing and sending multiple offers. It’s never been like this before.”
Tech executives have shown growing interest in South Florida over recent years. In 2022, Oracle’s Larry Ellison bought an oceanfront compound from Netscape co-founder Jim Clark for $173 million and later made it his primary residence according to Forbes reporting. Amazon founder Jeff Bezos has acquired three estates on Indian Creek totaling $234 million between 2023 and 2024.
Brin joins Page, Bezos, Zuckerberg and Ellison—who are ranked among the world’s richest individuals—in owning properties across South Florida. Their investments highlight how the region has become an important destination for luxury real estate since economic changes began six years ago during the pandemic period.
Despite these high-profile purchases boosting activity at the top end of the market, overall housing sales across South Florida’s tri-county area have remained flat.
