Inside Larry Ellison’s new US$80 million Palm Beach mansion: the billionaire Oracle co-founder has splurged on a sprawling beachfront Florida property in gated community Seminole Landing

Apr 19 , 2021

Larry Ellison and his new beachfront mansion in Florida. Photos: AP, Douglas Elliman

Larry Ellison’s impressive real estate portfolio includes homes in San Francisco, Malibu’s Billionaire’s Beach and Lake Tahoe, and he owns Hawaiian island Lanai

His newest addition is the third-largest oceanfront estate in the area – big enough for a helicopter to land – and features a home theatre and tennis court

Tech billionaire Larry Ellison has paid US$80 million for a 15,000 sq ft beachfront mansion in Palm Beach, Florida, The Wall Street Journal has reported.

The Oracle co-founder, who’s worth US$89.3 billion, bought the estate from hedge fund manager Gabe Hoffman, who put it on the market in June 2020 for US$79.5 million, the Journal reported.

Larry Ellison’s beachfront mansion. Photo: Douglas Elliman

Chris Leavitt, Ashley McIntosh and Tonja Garamella of Douglas Elliman handled the transaction and declined to comment on the deal.

Larry Ellison. Photo: @AffirmationSpot/Twitter

Ellison said in December 2020 that he had moved from California to Lanai, the Hawaiian island he owns. The same month, he announced that he’d be moving Oracle’s headquarters from Redwood Shores, California, to Austin, Texas, and got questions from employees about whether he was also moving to Austin, Recode reported.

“The answer is no. I’ve moved to the state of Hawaii and I’ll be using the power of Zoom to work from the island of Lanai,” Ellison wrote in an email to staffers.

Larry Ellison’s Florida beachfront mansion. Photo: Douglas Elliman

At 7.35 acres (3 hectares), Ellison’s new Palm Beach property is the third-largest oceanfront parcel of land in Palm Beach County, according to the listing. The estate sits in a gated community called Seminole Landing, which has a manned security gate and 24-hour security. The property itself is also gated.

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