Florida billionaire’s $80m oceanfront estate now asks $165 million
Oracle co-founder Larry Ellison has relisted his North Palm Beach oceanfront estate for $165 million, more than double his 2021 purchase price. The property is being marketed primarily as a prime development site rather than a luxury residence.
Why it matters
The listing highlights the extreme appreciation of high-end real estate in Florida and the trend of billionaire-led land speculation.
Oracle co-founder Larry Ellison is putting one of his most spectacular Florida properties back on the market, and this time the asking price is $165 million. The Wall Street Journal first reported the planned relisting, while The Real Deal and Realtor.com provided additional details about the property, its history and the latest listing. Ellison bought the 8.4-acre oceanfront estate in North Palm Beach for $80 million in 2021, meaning the current asking price is more than double what he paid five years ago. The property, known as the Seminole Beach Estate, sits inside the gated Seminole Landing community, next to the Seminole Golf Club. Rather than being a typical luxury-home sale, however, the listing is largely about the extraordinary piece of land itself.
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