Larry Ellison bought Florida estate for $80m; 5 years later, it lists for $165m
Oracle co-founder Larry Ellison is preparing to relist his 8.4-acre oceanfront estate in North Palm Beach for $165 million. He bought the property for $80 million in 2021 and had initially planned to tear down the existing house. The estate was previously offered for $145 million and includes a 16,300-square-foot home with extensive ocean frontage.
Oracle co-founder Larry Ellison is set to relist his oceanfront estate in North Palm Beach, Florida for $165 million, five years after purchasing it for $80 million. The 8.4-acre property, now valued at more than $10,000 per square foot, has seen its price increase significantly since its initial asking price of $145 million failed to sell.
The estate, located within the gated Seminole Landing community, features a 16,300-square-foot house with seven bedrooms, eight bathrooms, and five half-bathrooms, as well as over 550 feet of water frontage. Originally owned by Gabe Hoffman, the property was initially purchased by Ellison with the intention of tearing down the existing house and constructing a new one.
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