Billionaire Larry Ellison Buys $173 Million Estate, Setting Florida Record
The billionaire co-founder of Oracle was behind the biggest residential purchase in the Sunshine State.
Larry Ellison added a $173 million oceanfront estate in Palm Beach County to his sprawling residential real estate portfolio, setting a record for the most expensive residential sale in Florida.
The billionaire Oracle Corp. co-founder closed on the property, just south of Palm Beach in Manalapan, last week, according to public documents. The seller was another tech entrepreneur, Netscape Communications Corp. co-founder James Clark. The estate includes a Mediterranean-style main house of more than 62,000 square feet (5,760 square meters) and several other buildings, which together have more than 30 bedrooms.
Ellison paid $80 million last year for a North Palm Beach mansion he intended to demolish, but made clear at the time that he intended to continue to be based on the Hawaiian island of Lanai, where he moved during the pandemic. He spent $300 million in 2012 to buy 98% of the Hawaiian island’s 90,000 acres and two Four Seasons resorts. He also owns homes in Malibu and the San Francisco Bay Area, among others. An Ellison spokeswoman declined to comment.
Read more about Ellison’s move to the Hawaiian island of Lanai.