Palantir’s Alex Karp is assembling a $75M compound in Miami Beach — after shelling out $28.5M for a waterfront teardown
Palantir CEO Alex Karp has purchased a $28.5 million waterfront teardown in Miami Beach, adding to a $46 million property he bought last year, for a total investment of nearly $75 million to create a large waterfront compound. The acquisitions are part of a broader trend of tech billionaires relocating to Florida amid concerns over California's proposed tax on wealthy residents. Karp, who bought the properties through anonymous shell companies, plans to develop the adjacent lots into a single estate.
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Jennifer Gould Real Estate exclusive gimme shelter Palantir’s Alex Karp is assembling a $75M compound in Miami Beach — after shelling out $28.5M for a waterfront teardown By Jennifer Gould Published April 30, 2026, 12:00 p.m. ET Billionaire Palantir CEO Alex Karp — who recently made headlines for a controversial manifesto posted on X about how the US should adapt to AI — is building a massive waterfront compound in Miami Beach, Gimme Shelter can reveal. Karp has now shelled out almost $75 million on property alone with 265 feet on the water — joining a group of California titans who appear to be hedging their bets on Florida as the Golden State weighs in on a proposed tax on billionaires.
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