Larry Ellison bought homes near his Florida mansion, quite purchase made residents upset

Oracle co-founder Larry Ellison has quietly acquired eight residential properties inside a single gated Florida development, spending nearly $10 million to house household staff and private tutors within commuting distance of his primary oceanfront estate, a report has said. The buying spree occurred over a matter of weeks in 2023 across Palm Meadows Estates, a 288-home community in West Boynton Beach located about 30 minutes from Ellison’s landmark Manalapan compound.As per a report by The Wall Street Journal, the acquisition unsettled several neighbours, prompting the community's homeowners association (HOA) to pass formal ownership caps to block single buyers from amassing large property clusters in the future.Larry Ellison’s secret house huntThe acquisition drive started in March 2023 when Palm Meadows resident and LuxeIQ broker Kimmie Cruz was contacted by an outside agent seeking access to local listings for an undisclosed buyer looking to purchase roughly ten homes.