Larry Ellison To List Lavish Oceanfront Florida Property for $165 Million
Oracle co-founder Larry Ellison is listing his 8.4-acre oceanfront property in Florida for $165 million. The estate is notable for being one of the few private properties in the region capable of hosting a helipad.
Why it matters
The listing reflects the extreme high-end real estate market trends and the investment activities of prominent tech billionaires.
Billionaire Oracle co-founder Larry Ellison is planning to bid farewell to his sprawling waterfront property in Florida , with hopes to fetch $165 million.
Ellison snapped up the palatial pad back in 2021 for $80 million with the intention of tearing it down.
However, over a year later, he tested the market with an ask of $145 million for his property in Seminole Beach Estate.
Now, the tech tycoon, 82, is trying his luck once again, with listing agents James Kenny and Paul Kaneb of K2 Realty telling the Wall Street Journal that the property will soon hit the market for $165 million.
Ellison's property is the third-largest oceanfront parcel in Palm Beach County. It sits in a gated community with 24/7 security.
Billionaire Oracle co-founder Larry Ellison is planning to bid farewell to his sprawling waterfront property in Florida, with hopes to fetch $165 million. (Google Maps)
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