06/20/2026
The people who needed the tax break least moved first.
Think about that for a second.
Larry Page just dropped $173 million on two waterfront estates in Coconut Grove. Sergey Brin offered around $50 million for a place on Allison Island. These are men with the best tax attorneys money can hire. Men who could legally pay almost nothing wherever they choose to live.
So why physically move? Why sink hard money into South Florida real estate at the top of the market?
The numbers tell you why.
β Florida is absorbing $4 million per hour in net adjusted gross income. $36 billion a year.
β New York has lost $111 billion to interstate migration over the last decade.
β Miami's millionaire population grew 94%.
β California is floating a 5% annual wealth tax on billionaires, retroactive to anyone living there January 1, 2026.
Here's what I keep telling clients who are still "watching the market."
Billionaires don't relocate for a homestead exemption. They relocate when their advisors run the 20-year model and the model says move. Permanently.
That's the signal hiding inside the headlines.
When the buyer with zero urgency and infinite optionality closes first, the rest of the market stops choosing whether to come. They start choosing how late they want to arrive.
In 2025, South Florida recorded 361 sales above $10 million. The best floor plans in the best pre-construction towers are already spoken for by people who weren't waiting on a property tax bill that may or may not pass in 2026.
Ten years of getting clients to the closing table down here has taught me one thing: the wealthiest buyers don't wait for confirmation. They are the confirmation.
So the question I'd leave you with...
If the smartest capital in the world already moved, what exactly are you still analyzing?
Agree? Drop a comment with where you'd buy in South Florida if you made the move tomorrow. I read every one. π΄
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About the Author: Ross Kuflik
Ross Kuflik brings medical precision to South Florida real estate. As a former New York physician and founder of a successful multidisciplinary healthcare practice, Ross applies the same diagnostic approach to fulfilling the unique needs of buyers and sellers in South Florida's luxury markets.
As a certified Buyer Agent Expert, Ross provides strategic guidance throughout every real estate transaction. Whether buying, selling, relocating, or leasing residential or commercial properties, Ross is committed to maximizing value and exceeding expectations.
Having lived and worked in Manhattan, the Hamptons, and South Florida, Ross brings local expertise and a powerful national network to his clients. His mission is simple: get you to the closing table with outcomes tailored to your financial and lifestyle goals.
Ready to discover your next great deal in South Florida? Contact Ross Kuflik today to leverage this historic transformation in Palm Beach County real estate.