Florida billionaire’s $80m oceanfront estate now asks $165 million
Larry Ellison is putting his North Palm Beach estate back on the market, initially acquired for $80 million, now with a hefty asking price of $165 million. Spanning 8.4 acres and featuring direct beachfront access within a gated community, the estate boasts luxurious amenities. Despite potential redevelopment plans, the existing home remains.
Billionaire Larry Ellison, co-founder of Oracle, is relisting his 8.4-acre oceanfront property in North Palm Beach for $165 million. The estate, once valued at $80 million, has more than doubled in price five years later. Known as the Seminole Beach Estate, it is located in the gated Seminole Landing community and boasts approximately 562 to 563 feet of direct Atlantic frontage.
The current listing emphasizes the property's size and direct beach access rather than a planned renovation of the existing Mediterranean-style house, which still stands at 16,000 square feet. The asking price translates to over $10,000 per square foot and roughly $19.6 million per acre, setting a new record for North Palm Beach.
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