Larry Ellison’s estate is the third largest oceanfront parcel in Palm Beach County

August 18, 2022

America’s #1 buyer of expensive homes, Larry Ellison, is selling a mansion from his Florida collection, and it’s a big one. Larry’s Seminole Beach estate, in an exclusive part of North Palm Beach with over 520 feet of ocean frontage is listed at $145 million. The Tuscan-style mansion was built in 1998 on 8.5 acres and includes 15,514 square feet, seven bedrooms, pool, chef’s kitchen, tennis courts, home theater, wine room, a six-car garage, and a guest suite. It is the third largest oceanfront parcel in Palm Beach County, trailing only hedge fund-billionaire Ken Griffin’s 8-acre property in Palm Beach, where he plans to build a 44,000-square-foot mansion on 1,400 feet of oceanfront for his mother, and Larry’s other Palm Beaches home, Gemini, he bought in June for $173 million.

Located in the ultra-exclusive neighborhood of Seminole Landing with two sets of gates and 24-hour security, Larry paid $80 million for the home in 2021. Convenient to both Orlando and Miami, the home’s MLS listing notes that the property has quick access to the private terminals at Palm Beach International Airport via a helicopter, which can take off and land directly from the property. Palm Beach has been one of the most lucrative real estate markets in the United States with area prices up over 50% since 2020 and homes usually selling in less than two months.

Larry’s other South Florida home he bought in early 2022, Gemini, was the most expensive home in the country when it was on the market in 2015 at $195 million. Located on 1,200 feet of oceanfront and 1,300 feet on the Intracoastal in Manalapan, about 30 minutes from the mansion he is now selling, it was built in the 1940s for the Lambert pharmaceutical family. That transaction set a new record for the highest price ever paid for a Florida home.

Born in New York City to an unwed mother and raised by relatives in Chicago, Ellison made his $100 billion fortune as the CEO of Oracle Corporation. He, owns homes throughout the country, including Hawaii, Lake Tahoe, Los Angeles, Rhode Island, San Francisco, and about a dozen homes in Malibu.

Palm Beach has long been home to America’s old and new money, including Joseph Kennedy, Marjorie Merriweather Post who built Mar-a-Lago in the 1920s, and Donald Trump. According to local agents, Rush Limbaugh’s Palm Beach mansion is quietly available, priced about $150 million.

The listing agents for the Larry Ellison home are Adam McPherson, Chris Leavitt, and Ashley McIntosh of The Leavitt/McIntosh Team at Douglas Elliman in Palm Beach. Farhad Farman of Compass is a marketing advisor on the listing.

For more celebrity home news and celebrity home video tours, visit TopTenRealEstateDeals.com.

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Letting Agent Talk

Landlords and tenants advised to work together to get through extreme heatwaves

With some areas set to be hotter than Portugal this week, lettings and estate agents across the UK are issuing advice to protect properties ahead of extreme weather Prolonged periods of hot weather across the UK are placing additional pressure on homes, from overheating and poor ventilation to damage caused by extreme temperatures. Today, lettings…
Read More →
Estate Agent Talk

Nearly half of UK home listings fail to sell

A London estate agent has warned that thousands of homeowners across the UK are pricing themselves out of the market by setting asking prices that no longer reflect what buyers are willing to pay. The warning comes after new analysis by Zoopla, covering more than two million property listings between 2023 and 2026, found that…
Read More →
Rightmove logo
Breaking News

Lowest number of new build developments coming to market since 2017

New analysis from the UK’s largest property platform Rightmove reveals that the number of new build housing developments coming to market is at its lowest level since January 2017 The figures are despite the government’s target to build 1.5 million homes over the course of this parliament Higher mortgage rates continue to set a challenging…
Read More →
Estate Agent Talk

What Every Estate Agent Should Tell Clients Before Moving Day

For most estate agents, the job is done once contracts are exchanged, completion takes place, and the keys are handed over. For your client, however, that’s when one of the biggest challenges begins. Moving day has the power to turn months of excitement into an incredibly stressful experience, or a smooth finish to what has…
Read More →
Breaking News

Breaking Property News 9/7/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   PropTech is evolving but WhatsApp is still winning the Property transaction battle A home-moving process that a decade of PropTech failed to fix   Thought leadership by Olivier Jauniaux Founder of NestLink There are a particular series of messages, somewhere in every property chain, that decides whether…
Read More →
Breaking News

Heatwaves haven’t diminished love for south-facing gardens

The latest research from Yopa reveals that despite 81% of people saying they have been avoiding their garden during the recent heatwaves, south-facing gardens continue to be the preferred orientation of choice for UK homeowners, attracting house price premiums of over £20,000 on average. However, the insight from Yopa also suggests that should heatwaves become…
Read More →