Billionaire Google co-founder Larry Page has acquired two luxury residences in Coconut Grove, Miami, for a combined $173 million, underscoring continued high-end demand in one of South Florida’s most sought-after enclaves.
- Larry Page spent $173 million on two luxury homes in Miami’s Coconut Grove.
- The properties total 37,000 square feet and include private docks, helipads, and infinity pools.
- The purchase is among the top residential real estate deals in South Florida in 2025.
- Coconut Grove saw a 23% year-over-year rise in high-end home sales above $10 million.
- Page’s investment reflects broader trends of tech wealth moving into coastal luxury markets.
- The transaction has already triggered upward pressure on nearby property values.
Larry Page, the former CEO and co-founder of Google, has made a significant move in the luxury real estate market by purchasing two high-end properties in Coconut Grove, a prestigious waterfront neighborhood in Miami. The transactions, confirmed through public records, mark one of the largest residential real estate investments in South Florida this year. The combined purchase price of $173 million reflects a premium for exclusive access to private docks, panoramic ocean views, and expansive estate-sized lots. Both homes were previously owned by private investors and underwent extensive renovations to meet the standards of ultra-high-net-worth buyers. The acquisition includes a 22,000-square-foot estate with a main residence, private beach access, a helipad, and a 200-foot dock accommodating a 100-foot yacht. The second property, situated adjacent to the first, spans 15,000 square feet and features a modern architectural design, infinity pools, and smart-home technology. These purchases place Page among the top residential buyers in the region, with the combined value representing nearly 1.5% of his estimated net worth. The transactions were finalized in late December 2025 and are part of a broader trend of tech elites investing in high-value coastal real estate. Market analysts note that the Miami luxury property sector has seen a 23% year-over-year increase in sales volume for homes priced above $10 million, driven largely by international buyers and domestic tech magnates. Page’s purchases are expected to influence nearby property values, with comparable homes in Coconut Grove now seeing bidding wars and price increases. The move also highlights Miami’s growing status as a global hub for wealth preservation and lifestyle investment, particularly amid shifting tax policies and geopolitical uncertainty in other regions.