Inside Larry Ellison’s new US$80 million Palm Beach mansion: the billionaire Oracle co-founder has splurged on a sprawling beachfront Florida property in gated community Seminole Landing
Tech billionaire Larry Ellison has paid US$80 million for a 15,000 sq ft beachfront mansion in Palm Beach, Florida, The Wall Street Journal has reported.
Chris Leavitt, Ashley McIntosh and Tonja Garamella of Douglas Elliman handled the transaction and declined to comment on the deal.
“The answer is no. I’ve moved to the state of Hawaii and I’ll be using the power of Zoom to work from the island of Lanai,” Ellison wrote in an email to staffers.
At 7.35 acres (3 hectares), Ellison’s new Palm Beach property is the third-largest oceanfront parcel of land in Palm Beach County, according to the listing. The estate sits in a gated community called Seminole Landing, which has a manned security gate and 24-hour security. The property itself is also gated.
The listing also notes that the Palm Beach estate is one of “only a handful of properties in Florida where someone could land and take off in a helicopter from the estate”.
Built in 1998, the Tuscan-style main home has 15,514 sq ft of living space. The house has seven bedrooms, 11 bathrooms and three half-bathrooms. There’s also a VIP guest suite, a home theatre, a wine room, chef’s kitchen and a tennis court.
The swimming pool is surrounded by palm trees and a large private terrace, but perhaps the most coveted feature of the property is its 520 feet of ocean frontage.
Ellison’s newest home purchase adds to the billionaire’s already impressive real estate collection.
He also owns a 23-acre (9-hectare) estate in Woodside, California, and a home in San Francisco’s Pacific Heights neighbourhood, multiple homes on Malibu’s Billionaire’s Beach and several properties in Lake Tahoe.
An Oracle representative did not respond to request for comment for this story.
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This article originally appeared on Business Insider.
- Larry Ellison’s impressive real estate portfolio includes homes in San Francisco, Malibu’s Billionaire’s Beach and Lake Tahoe, and he owns Hawaiian island Lanai
- His newest addition is the third-largest oceanfront estate in the area – big enough for a helicopter to land – and features a home theatre and tennis court