Deering correctly foresaw that development would soon engulf the Buena Vista property, and by 1913 he had begun buying land further down on the coast, along Old Cutler Road. By 1915, he had acquired several hundred acres near Cutler and moved his winter quarters there permanently. His Buena Vista estate was broken up by developers during the land boom of 1925. Deering built a fine stone house on his second property. Now named the Charles Deering Estate, it is open to the public as a museum and nature preserve. Meanwhile, his brother James built an estate, Villa Vizcaya, on Biscayne Bay in Coconut Grove.