Larry Ellison To List Lavish Oceanfront Florida Property for $165 Million

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.

At 8.4 acres acres, the parcel is one of only a handful of properties in the state that can accommodate a private helipad. The property comes with 520 feet of ocean frontage.

The news that Ellison plans to sell the property comes as the billionaire expands his touch on the Manalapan area, which is situated south of Palm Beach.

In June, he forked over $35 million for a plot of land adjacent to his 15-acre dwelling, which he picked up in 2022 for $173 million.

With an impressive net worth of $187 billion, Ellison also holds the keys to several other luxe homes.

Malibu, CA

Ellison has become known as a “Malibu real estate mogul,” buying his first Carbon Beach property in 2002.

In 2018, he made headlines with the purchase of Hollywood producer Joel Silver’s Malibu beach house for $38 million.

Additionally, he has reportedly acquired 11 other properties in the coastal city. He is also said to have paid $20 million for the Casa Malibu Inn in 2007, 10 years before he snapped up another oceanfront estate for a reported $48 million.

In total, his real estate holdings in the waterfront community are said to be worth upward of $180 million.

Lanai, HI

This serene island in Hawaii reportedly has no traffic lights. But it does have some swanky resorts and one high-profile resident: In 2012, Ellison bought the two hotels as well as the land holdings that amount to 98% of the island for a reported $300 million.

His purchase included "87,000 of the island's 90,000 acres of land."

The tech mogul has since updated the hotels and added improvements to the island, such as some farming operations, with an eye toward turning the island into a sustainable mecca.

Lanai has beautiful beaches, a Jack Nicklaus–designed golf course, and dining and resort amenities in the high-end hotels.

Newport, RI

The buyer's appetite for the beach also brought him to a historic enclave of Newport, RI, where he's said to own four properties in the area, including the Astors' former mansion, which he apparently purchased for $10.5 million in January 2010.

He is said to have spent an astonishing $100 million to renovate it for a planned Beechwood Art Museum.

San Francisco

The San Francisco Bay Area resident has also had a longtime home in San Francisco's Pacific Heights neighborhood. He picked up the William Wurster–designed mansion in 1988, paying a reported $3.9 million for the home, which is valued at over $9 million today.

Built in 1958, the 10,000-square-foot layout includes five bedrooms and six baths.

Years later, in 2011, he apparently picked up the home next door for a reported $40 million.