Oracle co-founder and Forbes’ sixth wealthiest person, Larry Ellison, is selling his Tuscan-style North Palm Beach property for $145mιllιon. This is about double what he paid for the property in April 2021 ($80 mιllιon). The listing comes two months after Business Insider claimed that the internet entrepreneur paid $173 mιllιon for a $173 mιllιon property in Manalapan, Florida, also in Palm Beach county, in the most expensive Florida real estate transaction ever.
Seminole Landing is where Ellison’s Palm Beach home is located. The property has 8.5 acres, a dune, and a private beach with more than 560 linear feet of ocean frontage, making it the “largest oceanfront parcel on the market” in South Florida.
Despite the main house (which according to the Wall Street Journal features seven bedrooms, a home theater, and a wine room), pool, tennis court, and other small buildings, the estate has plenty of opportunity for development. According to the listing, movement is simple “via helicopter, which can conveniently take-off or land right from the property.”
Lawns and palm trees lead to a 15,000-square-foot Mediterranean-style home with six bedrooms and 11.5 bathrooms. Second-story decks and balconies overlook the private beach below.
Swimming pool, pond, pavilion, and tennis court are also attractions. The front has a guardhouse. Backside cabanas lead to the beach.
Since there are so few buyers, Compass’s strategic marketing head, Farhad Farman, said that the promotion will be very specific and will reach out directly to buyers around the world.
Adam McPherson, Chris Leavitt, and Ashley McIntosh from Douglas Elliman put it on the market.
Ellison started Oracle Corp. in 1977, and it is now the largest software company in the world. The 77-year-old owns a golf club in Rancho Mirage, homes in the Bay Area and Rhode Island, and most of an island in Hawaii.