Larry Ellison could score big after listing a mansion in Palm Beach, Fla., for a whopping $145 million, but it’s not as big as the property seller he bought earlier this summer. .
The tech billionaire bought a sprawling 15,500-square-foot property in the ultra-expensive Seminole Landing district for $80 million last year.
“The property was originally purchased with the intention of building something special, and another opportunity presented itself so we could immediately take advantage of the property,” a source familiar with the listing told The Post. Told.
wall street journal first reported To list.
In June, the founder of Oracle bought a larger propertyIt purchased a 63,000-square-foot property in the nearby Manalapan district from internet entrepreneur Jim Clark for $173 million. The deal is the largest ever in the Sunshine State.
Meanwhile, this Seminole Landing property is Palm Beach County’s third largest beachfront lot, with over 520 feet of beachfront and 24-hour gate security.
The seven-bedroom, 14-bathroom Tuscan-style hotel features a home theater, wine room, and tennis courts.
Set on 7.35 acres with a chef’s kitchen, VIP guest suite and large private pool terrace.
According to the listing, it’s “one of only a handful of properties in Florida where someone can land and take off by helicopter from the property.”
Ellison purchased the property from hedge fund manager Gabe Hoffman in April 2021.
Adam McPherson, Chris Leavitt and Ashley McIntosh from Douglas Elliman’s Leavitt/McIntosh team are listed brokers. Compass’s Farhad Farman serves as a strategic marketing advisor.
Although some local residents reported was bargained Since the tech mogul bought 98% of Lanai in 2012, islanders tell The Post that Ellison is well respected and the entrepreneur has changed the place for the better.
“He’s made huge improvements to infrastructure like pineapple plantations,” an insider previously told the Post. “The park was deteriorating and the infrastructure was crumbling, but he essentially brought it back to life.”
Around the same time, Ellison’s investment in Malibu house prices soared In a once laid-back seaside town. Today, it’s a mecca for the ultra-rich, with homes worth as much as $177 million.