Real Estate

Larry Ellison lists Florida estate for $145M following historic purchase

Larry Ellison could score big after listing his Palm Beach, Florida, mansion for a whopping $145 million — though not as big as the seller of the estate he bought earlier this summer.

The tech billionaire had purchased the sprawling 15,500-square-foot property, located in the ultra-pricey Seminole Landing neighborhood, for $80 million just last year.

“The property was originally purchased with the intention of building something special and another opportunity presented itself which allowed for him to utilize the property immediately,” a source familiar with the listing told The Post.

The Wall Street Journal was the first to report on the listing.

In June, the Oracle founder had purchased an even larger estate, spanning 63,000 square feet in the nearby Manalapan area for a hefty $173 million from internet entrepreneur Jim Clark. The transaction marked the priciest sale ever in the Sunshine State.

Meanwhile, this Seminole Landing estate is pegged as the third-largest oceanfront parcel in Palm Beach county with over 520 feet of ocean frontage and 24-hour gated security.

The estate spans over 15,500 square feet.
The estate spans over 15,500 square feet.
Daniel Petroni/Douglas Elliman Realty
The property features 7 bedrooms and 14 bathrooms.
The property features seven bedrooms and 14 bathrooms.
Daniel Petroni/Douglas Elliman Realty
The day pool.
The day pool.
Daniel Petroni/Douglas Elliman Realty

Made up of seven bedrooms and 14 bathrooms, the Tuscan-style property comes with a home theater and a wine room and also features tennis courts.

Situated on 7.35 acres, it features a chef’s kitchen with a VIP guest suite, and a large private pool terrace.

“One of only a handful of properties in Florida where someone could land and take off in a helicopter from the estate,” according to the listing.

Ellison purchased the property in April 2021 from hedge fund manager Gabe Hoffman.

Adam McPherson, Chris Leavitt and Ashley McIntosh of the Leavitt/McIntosh Team at Douglas Elliman are the listing brokers. Farhad Farman of Compass is serving as a strategic marketing adviser.

The driveway.
The driveway.
Daniel Petroni/Douglas Elliman Realty
The property boasts over 520 feet of ocean frontage.
The property boasts over 520 feet of ocean frontage.
Daniel Petroni/Douglas Elliman Realty
The beach gazebo.
The beach gazebo.
Daniel Petroni/Douglas Elliman Realty

Additionally, Larry Ellison has properties in Malibu and owns the entire Hawaiian island of Lanai.

While there were reports that some locals had been priced out of the island since the tech mogul purchased 98% of Lanai in 2012, locals have also told The Post that Ellison is well-respected and the entrepreneur has changed the place for the better.

“He improved so much of the infrastructure, like the Pineapple Plantation,” an insider previously told The Post. “You had parks deteriorating, infrastructure was in decay and he brought it back to life, essentially.”

As the same time, Ellison’s investment in Malibu has skyrocketed housing prices in the once laid-back beach town. It has now become the mecca for the ultra-rich with houses running as high as $177 million.

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