Hibiscus, Star and Palm Islands, Miami aerial over Biscayne Bay—private islands lined with estates and nearby luxury and ultra luxury condos; renowned resale market.
Hibiscus, Star and Palm Islands, Miami aerial over Biscayne Bay—private islands lined with estates and nearby luxury and ultra luxury condos; renowned resale market.

Private Islands in South Florida: A Buyer’s Guide to the Keys, Biscayne Bay, and the Island-Address Alternative

Private-island shopping in South Florida sits at the intersection of romance and regulation. Inventory exists, but it is thin and often marketed through portals and boutique channels; pricing spans widely, and the true differentiator is not just shoreline or sunset exposure, but what you can legally build, dock, insure, and maintain. This guide outlines the micro-markets most often associated with “island living” in the Florida Keys and Biscayne Bay, then translates the state’s ownership and permitting realities into a due-diligence framework. Finally, it offers a pragmatic option for buyers who want the island feel with a more predictable operational burden: the island-address residence in Miami’s most refined waterfront buildings.

Four Seasons Coconut Grove, Miami living room with palm view—refined interiors within luxury and ultra luxury condos; preconstruction residences in Coconut Grove.
Four Seasons Coconut Grove, Miami living room with palm view—refined interiors within luxury and ultra luxury condos; preconstruction residences in Coconut Grove.

Larry Page’s Coconut Grove Purchases and the New Billionaire Playbook in South Florida

Google co-founder Larry Page’s reported ~$173.4 million two-home buying spree in Coconut Grove has become a case study in how ultra-wealthy buyers now approach South Florida: not as a single trophy acquisition, but as a portfolio strategy optimized for privacy, flexibility, and long-term positioning. Framed against parallel moves by other high-profile buyers and a renewed national conversation about wealth taxes, these transactions help explain why Miami’s most guarded enclaves and branded, service-forward residences continue to attract global capital.

About Us

MILLION is a luxury real estate boutique specializing in South Florida's most exclusive properties. We serve discerning clients with discretion, personalized service, and the refined excellence that defines modern luxury.