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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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Mamdani’s pied-à-terre tax was designed to hit the wealthy, but it’s sending most New Yorkers to their estate lawyers
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A billionaire and an A-list actor found refuge in a 37-home Florida neighborhood with armed guards—proof that privacy is now the ultimate luxury

Marco Quiroz-Gutierrez
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Marco Quiroz-Gutierrez
Marco Quiroz-Gutierrez
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Marco Quiroz-Gutierrez
By
Marco Quiroz-Gutierrez
Marco Quiroz-Gutierrez
Reporter
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May 25, 2026, 7:44 AM ET
Aerial view of a huge mansion and tennis court near waterways
Mark Wahlberg’s 18,206-square-foot home includes seven bedrooms, 10 full bathrooms, a resort-style pool, and other amenities.Daniel Petroni
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A quaint, 37-home neighborhood an hour from Miami is attracting moneyed residents, including actor Mark Wahlberg, despite not having a private golf club or coastline. Instead, its major selling point is privacy and a well-trained security staff of former military and police.

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Stone Creek Ranch, located in Delray Beach, Fla., is one of the hottest new neighborhoods for the ultra-rich, but it didn’t always start out that way. The development was created in the early 2000s a stone’s throw away from the marshy land of the Arthur R. Marshall Loxahatchee National Wildlife Refuge.

Senada Adžem, the executive director of luxury sales at Douglas Elliman, said before she started selling homes in the development, prices averaged around $6 million.

Adžem broke the mold when she put a house up for sale in the neighborhood for $20 million in 2018. It took her two years to sell it for the first time, but it then sold several times after that. Late last year, the same property, now remodeled, sold to Wahlberg for $37 million.

The neighborhood’s privacy and security was part of the reason for that sale, as well as the $43 million sale of two properties to Rockstar Energy Drink founder Russell Weiner, who changed his legal name to Russ Savage.

Most of the houses have 2.5-acre lots, about the size of two football fields, and sit on the edge of an artificial lake, giving each home its own bubble of privacy. There is no golf club, so people aren’t coming in and out, Adžem said. Plus, the neighborhood isn’t on the beach, so outsiders can’t peep at residents’ backyards from the house-spotting boat tours that are common in the Miami area.

In addition, the neighborhood includes guarded entrances and 24/7 security made up of armed ex-military and police, which saves residents money when it comes to spending on their own protection.

“The clients who can be on the ocean and can afford to pay 100-million-plus for a property will actually have to hire security personnel just for themselves, because, as you know, Florida beaches are public beaches,” Adžem said.

Interior view of a luxurious home
Daniel Petroni
Photo of a huge pool with several seating areas adjacent
Daniel Petroni

In a development with such large lots and few houses, it’s possible to build impressive manors. Wahlberg’s new home at 9200 Rockybrook Way, fully remodeled by developer Aldo Stark, spans 18,206 square feet. It sports seven bedrooms and 10 full baths, as well as myriad amenities such as two powder rooms, a home theater, cigar lounge, wine cellar, gym, sauna, guesthouse, and a 170,000-gallon resort-style pool. 

Stark also included custom agate and onyx pieces that came with the fully furnished home. For good measure, the home was delivered with a fully stocked fridge, Adžem said.

“This home is a really great value for $37 million. You get a lot of house, you get a lot of property, and of course, you get all of these other things,” Adžem said. “A house like this on the ocean would cost $137 million.”

A version of this story was published on Fortune.com on Nov. 27, 2025.

More on Florida’s luxury real estate:

  • The tax escape map: Billionaires are bolting for Florida from the West Coast and taking billions in tax revenue with them
  • Ken Griffin wants to reshape Miami—and maybe American politics
  • The tech billionaires aren’t just grabbing trophy Florida mansions—they have competing half-billion-dollar megayachts jostling for dock space
The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
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Marco Quiroz-Gutierrez
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Marco Quiroz-Gutierrez is a reporter for Fortune covering general business news.

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