Former Starbucks CEO Howard Schultz Buys $44M Penthouse in Miami's Four Seasons Surf Club

The billionaire is relocating to Florida's 'Wall Street South' for his retirement phase

Apr. 3, 2026 at 10:21am

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A polished, geometric sculpture made of brushed stainless steel, arranged elegantly on a clean, monochromatic background, representing the refined, high-stakes world of business leaders and their new Miami retreat.The Four Seasons Surf Club in Surfside, Florida, has become a premier destination for America's business elite, offering a refined, high-end retreat with luxury amenities and resort-style living.Surfside Today

Former Starbucks Chairman and CEO Howard Schultz has purchased a $44 million penthouse at the Four Seasons Surf Club Residences in Surfside, Florida, as he and his wife Sheri begin their 'retirement phase' after nearly 50 years in Seattle. The luxury residence features five bedrooms, a rooftop terrace, private garage, and oceanfront cabana, offering Schultz a high-end retreat in what has become a hub for wealthy business leaders.

Why it matters

Schultz's move to Miami's 'Wall Street South' highlights a growing trend of high-net-worth individuals and corporations relocating to Florida, driven in part by the state's favorable tax climate compared to places like Washington. The Four Seasons Surf Club has become a premier destination for this demographic, offering luxury amenities, resort-style living, and a community of like-minded business leaders.

The details

Schultz's new $44 million penthouse, down from an initial listing price of $55 million, is part of the exclusive Four Seasons Surf Club Residences in Surfside, Florida. The residence features five bedrooms, a rooftop terrace, central courtyard, private garage, and oceanfront cabana. The property's modern coastal aesthetic, with striking architecture and warm lighting, reflects the high-end, resort-style living that has attracted many wealthy business leaders to the area.

  • In March 2026, Schultz and his wife Sheri announced they were relocating to Florida for their 'retirement phase'.
  • Schultz had previously lived in Seattle for nearly 50 years after moving there with his wife in the early 1980s to start his career at Starbucks.

The players

Howard Schultz

The former Chairman and CEO of Starbucks, who has purchased a $44 million penthouse at the Four Seasons Surf Club Residences in Surfside, Florida, as he begins his retirement phase.

Sheri Schultz

Howard Schultz's wife, who is relocating with him to Florida after nearly 50 years in Seattle.

Mick Duchon

A real estate agent with The Corcoran Group, who spoke about the appeal of the Four Seasons Surf Club for high-net-worth individuals looking to relocate to the Miami area.

Bob Ferguson

The Democratic governor of Washington state, who recently signed into law a 'millionaires tax' that is seen as a catalyst for high-net-worth individuals to move out of the state.

Thomas Keller

The three-Michelin-starred chef whose dining options are available to residents of the Four Seasons Surf Club.

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What they’re saying

“What I find with a lot of the buyers that are looking in this space in the market, they never really retire. So they're looking for the next step in their adventure, like [Schultz], and it's an exciting place to take that step.”

— Mick Duchon, Real estate agent, The Corcoran Group

“The wealth tax as a threat in the states that potentially may implement… is a major catalyst for these high-net-worth people moving here, and where we are right now at the Four Seasons Surf Club is a perfect landing for them because of everything that it offers.”

— Mick Duchon, Real estate agent, The Corcoran Group

“The lifestyle here is extraordinary, the climate's extraordinary, and the landscape is unbelievable and there's a few properties — the Surf Club being one of them — that really fits the criteria that they're looking for from a service perspective, an exclusivity perspective, security, architecture, design and location.”

— Mick Duchon, Real estate agent, The Corcoran Group

What’s next

The Four Seasons Surf Club Residences will continue to attract high-profile business leaders and wealthy individuals seeking a luxury retreat in the Miami area, as the trend of relocating to Florida's 'Wall Street South' shows no signs of slowing down.

The takeaway

Howard Schultz's purchase of a $44 million penthouse at the Four Seasons Surf Club in Surfside, Florida, exemplifies the growing appeal of Miami as a destination for America's business elite. The luxury resort-style living, favorable tax climate, and community of like-minded individuals have made the area a premier landing spot for high-net-worth individuals looking to start the next chapter of their lives.