Miami and its surrounding beach enclaves are fast becoming the playground for Silicon Valley’s biggest show of wealth, and the display ranges from beachside mansions to superyachts.

In the last few years, billionaires like Brin and Amazon Founder Jeff Bezos is showing off a growing number of multi-deck megayachts, some as large as small cruise ships. the arrow—with its movie theater, beauty salon, and multiple helicopter pads—is rumored to be worth it $450 million. Bezos has a 417-foot skiff called Chorus which is reported cost more than $500 million. And the Success—which one commentator called a “modern engineering marvel”—was reportedly commissioned by Bill Gates and sold last year for $645 million.

But now those floating palaces are running into a hard limit where the billionaire’s fortune is of little help: port space.

Miami offers several deep-water marinas that can accommodate larger vessels, including docking areas specifically designed to welcome superyachts. Island Gardens Deep Harborfor example, can host vessels up to 550 feet and provide amenities including access to a marina lounge. Some marinas have undergone more changes, including a $40 million in Palm Beach in 2022.

But with the recent influx of new billionaire residents who moved from the north and except in the westThe bays of South Florida are bursting.

In some marinas, yacht owners pay as much $500,000 per year just to have access to the docking space. Less neighborly disputes led to legal battle over consent worth hundreds of billions of dollars. When Bezos first tried to dock his megayacht at Port Everglades, about 30 miles north of the port of Miami, he turned because his vessel was too large and did not have enough available ports. However, Chorus it should be slummed next to oil tankers and large ships in the city’s container port.

That shortage could get worse billionaires are flocking to Florida. The Sunshine State has become a magnet for the ultra-rich, especially the opulent residential belt that stretches north of Miami. Famously home to Mar-a-Lago and President Donald Trump’s weekend getaways, a growing number of Silicon Valley types and Wall Street magnates have bought property in the area in the past two years to be close to the president—and the tax savings.

California’s proposed billionaire wealth tax, which will be voted on in November, is also prompting high-income earners to seek new shores. Meta CEO and billionaire Mark Zuckerberg, for example, has been reported bought a house in the so-called “billionaire bunker,” also home to Bezos and NFL legend Tom Brady.

The scarcity of yacht accommodation for Florida’s new wealth may produce business opportunities, however. In November, Citadel founder and three-year Florida resident Ken Griffin won approval to build a private yacht marina in Miami Beach. The space can reportedly accommodate nine ships, and includes office space, an art gallery, and a “special events” space that will host up to 300 people.

Why build a custom designed private marina? Reportedly Griffin’s own 308-foot superyacht inappropriate near the port of his mansion.