00:00Mark Zuckerberg, Jeff Bezos, and other billionaires are flocking to an exclusive neighborhood in
00:04Miami. Indian Creek Island, also known as the Billionaire Bunker, is a 300-acre man-made strip
00:10of land just north of Miami Beach. It's home to the ultra-wealthy, with Tom Brady, Ivanka Trump,
00:15and DJ David Guetta calling it home. Waterfront properties start at $60 million, and the island's
00:21country club reportedly requires a $500,000 initiation fee and a lengthy admissions process.
00:26Plus, the neighborhood has its own government and a police force that patrols the island 24-7 by land
00:32and sea. A single guarded bridge connects it to the mainland, and any visitors must show their ID
00:37and may even undergo vehicle inspection to get in. But it's not just the exclusivity and privacy that
00:42attracts these billionaires. With no state income tax, Florida is seeing exploding interest from
00:47high-end buyers even as activity at the lower end of the housing market slows.
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