Billionaire Larry Ellison Buys $80 Million Estate In Palm Beach
By: Date: July 9, 2021 Categories: /worlds-billionaires,Billionaires,Business,Editors' Pick,Real Estate,Uncategorized Tags: , , , ,
billionaire-larry-ellison-buys-$80-million-estate-in-palm-beach

Pool

Pool

Giles Bradford for Douglass Elliman

The latest pricy purchase in Florida, one of the state’s highest, goes to Oracle co-founder Larry Ellison. He purchased this Tuscan style mansion from Gabe Hoffman, founder of Accipiter Capital Management, for $80 million or just a shave over its asking price of $79.5 million, reports the Wall Street Journal. Hoffman bought the main parcel within what eventually became a 7.94-acre estate for $17.5 million in 2012. Ellison has extensive real estate holdings around the country, including nearly all of a Hawaiian island and a 246-acre expanse he plans to turn into a high-end resort.

Living Room

Living Room

Giles Bradford for Douglass Elliman

At 15,514-square-feet, the seven-bedroom property has 520 feet of ocean frontage and is one of the few homes in Florida that allow for private helicopter landing, says the listing. Located in Seminole Landing, itself a gated community, the estate has its own private gated entrance adding to the privacy and security of the property. Seminole Landing is a high-end enclave of North Palm Beach with fewer than a hundred homes inside its boundaries. Currently there are only three listings actively on the market, ranging from $2.8 million to $8.2 million.

Dining Room

Dining Room

Giles Bradford for Douglass Elliman

The home Ellison purchased is ornately-designed, with coffered ceiling details as seen in the dining room above or one-of-a-kind adorned ceilings seen in the kitchen below.

Kitchen

Kitchen

Giles Bradford for Douglass Elliman

A covered outdoor patio has a built-in fireplace with open archways showing a view of the palm tress beyond.

Patio

Patio

Giles Bradford for Douglass Elliman

The entrance has a sweeping curved staircase with candelabra-like sconces to illuminate the artwork.

Curved staircase

Curved staircase

Giles Bradford for Douglass Elliman

The home also comes with a wine room, tennis court, pool and professionally landscaped gardens.

Over 500 linear feet of beachfront comes with the sale

Over 500 linear feet of beachfront comes with the sale

Giles Bradford for Douglass Elliman

Chris Leavitt and Ashley McIntosh of Douglas Elliman represented the seller. Tonja Garamella of Douglas Elliman represented the buyer.

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