Two months ago, Larry Ellison paid a state record of $173 million to buy an extravagant 63,000-square-foot megamansion in Florida’s Manalapan area from Internet entrepreneur Jim Clark. Now the tech tycoon-turned-real estate mogul has unsurprisingly decided to sell his other Florida home, a smaller but no-less-lavish estate in North Palm Beach. The listing was first reported by the Wall Street Journal.
The Oracle co-founder is asking $145 million for the palatial spread, which rests on more than 560 feet of ocean frontage within the ultra-exclusive, 24-hour guard-gated Seminole Landing community. Yes, that’s a whopping $65 million more than what Ellison paid hedge fund manager Gabe Hoffman for the place just over a year ago, back in April 2021.
Forbes’ eighth richest person on the planet, with a net worth of $106 billion, Ellison is known for his impressive real estate portfolio of trophy properties stretching around the world, from Silicon Valley to Japan and beyond. Per Bloomberg, he bought 98 percent of the Hawaiian island of Lanai for $300 million in 2012, and he owns a William Wurster-designed mansion on San Francisco’s Billionaire’s Row, a 23-acre estate modeled after a 16th century Japanese imperial palace in Woodside, Calif., and a historic garden villa in Kyoto, Japan.
Ellison also lays claim to about two dozen properties in Malibu worth an estimated $200 to $250 million — including at least 12 on prestigious Carbon Beach alone — along with numerous properties in the Lake Tahoe area.
Sited on over 8.5 acres of gated land on Seminole Beach Road offering up sweeping coastline views, Ellison’s mansion is reportedly the largest oceanfront property in all of Southern Florida currently on the market and the third-largest oceanfront compound in all of Palm Beach County. Built in the late 1990s, the seven-bedroom, Tuscan-style estate features 15,000-plus square feet of living space adorned throughout with hand-painted tile, stenciled ceiling beams, carved fireplaces and gilded flourishes.
Especially standing out is a dramatic entry foyer boasting stone walls, arches and a spiral staircase with a wrought-iron balustrade. Other highlights include a formal living room sporting a stone fireplace and beamed ceilings, formal dining room with an intricately painted ceiling and French doors, gourmet kitchen outfitted with dual islands and sumptuous master retreat, plus a movie theater and wine room.
Outdoors, the resort-inspired grounds host a pool with a water feature, tennis court, and covered indoor-outdoor living and dining space warmed by a fireplace. There’s even plenty of room for a helicopter, as well as a privately owned beach and dune at your disposal.
The listing is held by Adam McPherson, Chris Leavitt and Ashley McIntosh of the Leavitt/McIntosh Team at Douglas Elliman; Farhad Farman of Compass additionally serves as a strategic marketing adviser.