Google Billionaire Larry Page Acquires Two Miami Mansions for $173 Million—After Pulling Business Out of California Amid Wealth Tax Threat
The billionaire founder of Google Larry Page has reportedly shelled out more than $173 million to snap up a two-family mansion in tony Miami’s Coconut Grove neighborhood—days before the tech giant reportedly pulled his business out of California ahead of a potential tax on the state’s wealthiest citizens.
Page, 52, is understood to have purchased two luxury residences in the exclusive community, long home to some of the world’s richest and most privileged, the first of which he purchased for $101.5 million on December 29, according to the Wall Street Journal.
That property—with 13 bedrooms and 15.5 bathrooms—was listed in June 2024 for $135 million, according to Realtor.com® records.
Days later, he reportedly closed on the purchase of a nearby home, this time paying $71.9 million in an off-market deal, nearly double the price the sellers had bought the home for less than five years ago.
The first of the two houses was previously owned by a late restaurant owner Jonathan Lewiswhile the other was sold to the heir Sloan Lindemann Barnettthe daughter of a fossil fuel mogul George Lindemannand her husband, Roger Barnett.
Page’s purchase of the two homes comes amid a billion-dollar move to California ahead of a proposed ballot measure that would impose a one-time 5% wealth tax on people worth more than $1 billion.
Although the ballot measure has not yet passed, it will apply to any billionaires living in California on January 1, 2026, which will make many of the wealthiest people in the state scramble to find another place to live before the start of the new year.
The Google founder currently has a net worth of $276 billion, according to the Bloomberg Billionaires Index, listing him as the second richest person in the world after the Tesla founder. Elon Musktheir businesses are headquartered in Texas.
On New Year’s Eve, venture capitalists Peter Thiel again David Sacks announced the opening of new satellite offices in Florida and Texas, respectively, laying a paper trail that could stymie future California tax collectors.
The Wall Street Journal reports that Page may soon be joined in Miami by his Google co-founder, Sergey Brinwhich is also understood to be “in talks” to buy a property in the area.
Page, on the other hand, is said to have moved his family’s office, Koop, from California in late December, instead choosing to work in Delaware, according to Business Insider. The outlet reports that the billionaire has also moved to another business entity, One Aero, in Florida.
It is not yet clear whether the businessman plans to tear down his long-time home in California, where he has a large estate in Palo Alto, where he has a large estate that he began building in the early 2000s, according to multiple reports.
Interestingly, Page’s new Coconut Grove residences don’t lend themselves to a similar landscape design; the two buildings are not on adjacent parcels, but instead are located about a four minute drive from each other.
The first—and more expensive—of the two mansions, known as the Banyan Ridge Estate, is over 11,800 square feet and sits on four acres, but it doesn’t offer any waterfront.
However, his second home is located on the corner of a plum that offers private water on two sides, right on the edge of Biscayne Bay.
The property itself is the same size as the original, with seven bedrooms and eight bathrooms, while spreading over 10,400 square feet. However the included parcel is less than an acre.
However, Page will actually have the best of both worlds between these two settlements.
Each of the houses has its own very unique architectural style. Banyan Ridge has traditional Miami charm, described in its original listing as a “gated sanctuary” that includes eight “unique residences and buildings” all connected by meandering paths through the tropical landscape.
“Extensive gardens, meditative gardens, and secluded courtyards evoke a world-class retreat, while infinity pools and a private boathouse complete its coastal allure,” notes the description. “Banyan Ridge stands as a legacy—timeless, peaceful, and incomparable.”
Meanwhile, another residence, called Casa Bahia, is more modern, having been built in 2015 as a “contemporary building” uniquely integrated with the tropical surroundings.
“Seemingly floating above water and greenery, it seems to blur the boundaries between indoor and outdoor living,” reads a previous description.
Casa Bahia last changed hands in April 2021, when it was bought by the Barnetts for $45.9 million, a bargain compared to the $71.9 million page paid to buy it from them.
Page is only the second person to ever live in Banyan Ridge, which was built in 2008, six years after Lewis bought the land for $1.8 million.
Coconut Grove, in recent years, has seen an influx of affluent homebuyers drawn to the community by one very distinct benefit: walkability.
Although it may seem like a small luxury, a local listing agent Lourdes Alatriste previously told Realtor.com that residents’ ability to freely roam the exclusive community has fueled the property’s boom in popularity.
“Walkability is the best-selling tool right now,” he said in November. “In Coconut Grove, there are houses that I couldn’t sell a few years ago for $10 million, now they’re selling for $30 million. It’s because of the traffic, especially on Cocowalk.”
Cocowalk, which was renovated in 2021, is a classic-style neighborhood square on the beachfront, full of independent restaurants, artisan vendors, family-run restaurants, and beautiful gardens.
You can take a Pilates class on the rooftop Cocowalk overlooking the harbor, or relax with a glass of wine while catching the latest in the luxury cinema.
“It used to be off the map,” Alatriste says of the artsy, up-and-coming destination, just a half-hour drive south from downtown Miami Beach.
“Before, you had to introduce people to it. Now, people want to be able to have ice cream at night with their kids and walk back to their house; or walk their kids to school in the morning.”
