THE DEAL: Billionaire Meta CEO Mark Zuckerberg and his wife, Priscilla Chan, are the latest California billionaires to buy a home in South Florida.
The couple is purchasing a newly completed waterfront mansion on Miami’s Indian Creek, according to sources with knowledge of the transaction. Zuckerberg already has an extensive luxury real-estate portfolio, with properties in Lake Tahoe, Palo Alto, Calif., and on the Hawaiian island of Kauai.
THE SELLER: The seller is a limited liability company tied to Jersey Mike’s Subs founder Peter Cancro, according to sources with knowledge of the property. It isn’t clear if the deal has closed.
Neither Cancro nor his wife, Tatiana Cancro, could immediately be reached for comment. Cancro sold a majority stake in Jersey Mike’s to private-equity giant Blackstone in 2024 for $8 billion, including debt.
THE PRICE: While it isn’t clear exactly what Zuckerberg and Chan are paying for the nearly 2-acre property, local real-estate agents said it would likely trade for $150 million to $200 million. Last year, an undeveloped Indian Creek lot of roughly the same size sold for about $105 million.
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