Billionaire Larry Ellison lists Florida mansion for $145 million

Billionaire Larry Ellison lists Florida mansion for $145 million

Tech billionaire Larry Ellison is chasing historical past in South Florida, itemizing his prized property in North Palm Seaside for $145 million. It’s an bold ask contemplating he paid $80 million for the house final 12 months.

If he will get his value, it’ll be one of many greatest residential gross sales ever within the Sunshine Shine. The Oracle co-founder set the document himself earlier this 12 months when he paid $173 million for an excellent bigger place a number of miles down the coast.

Ellison — whom Forbes lists on the sixth-richest particular person on the earth with a web value of $110 billion — collects prized actual property like children accumulate baseball playing cards. He’s been essentially the most lively in Malibu, the place he spent the previous couple of many years scooping up dozens of oceanfront homes in Carbon Seaside and past, racking up a tab that has soared into the a whole bunch of thousands and thousands.

His trophy property in North Palm Seaside provides an nearly unprecedented quantity of area alongside the ocean with 563 toes of water frontage. At 6.5 acres, it’s the biggest oceanfront property at the moment in the marketplace in South Florida.

With further area comes further safety; it’s hidden behind two units of gates in Seminole Touchdown, an unique enclave with simply 65 houses.

Lawns and palm bushes populate the compound, resulting in a 15,000-square-foot Mediterranean-style mansion with six bedrooms and 11.5 loos. Decks and balconies dangle off the second story, overlooking the personal stretch of sand beneath.

Different highlights embrace a swimming pool, pond, pavilion and tennis courtroom. A guardhouse is discovered on the entrance of the property. On the again facet, a cabana results in the seashore.

Farhad Farman of Compass, who’s overseeing strategic advertising for the itemizing, mentioned that for the reason that purchaser pool is so unique, the advertising will likely be extraordinarily customized with direct outreach to potential patrons all over the world.

Adam McPherson, Chris Leavitt and Ashley McIntosh of Douglas Elliman maintain the itemizing.

Ellison based Oracle Corp. in 1977, and it has grown into one of many largest software program firms on the earth. The 77-year-old additionally owns mansions within the Bay Space and Rhode Island, a golf course in Rancho Mirage and the bulk stake of an island in Hawaii.

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