A wave of tech billionaires is transforming the real estate landscape on Miami’s exclusive Indian Creek Island, snagging up luxury residences. However, simply owning a home here isn’t enough to secure membership in the sought-after country club; one must be nominated and sanctioned by a board. This uptick in affluent individuals relocating to Florida from California stems primarily from concerns over impending wealth taxes in their former state. A wave of tech billionaires is transforming the real estate landscape on Miami’s exclusive Indian Creek Island, snagging up luxury residences. However, simply owning a home here isn’t enough to secure membership in the sought-after country club; one must be nominated and sanctioned by a board. This uptick in affluent individuals relocating to Florida from California stems primarily from concerns over impending wealth taxes in their former state.
