America’s #1 buyer of expensive homes, Larry Ellison, is selling one from his Florida collection, and it’s a big one. Larry’s Seminole Beach estate, also known as the Palm Beach Mega-Mansion, with over 520 feet of ocean frontage, is for sale for $145 million. The Tuscan-style mansion was built in 1998 on 8.5 acres. It includes 15,514 square feet, seven bedrooms, a pool, a chef’s kitchen, tennis courts, a home theater, a wine room, a six-car garage, and a guest suite. Moreover, it is the third-largest oceanfront parcel in Palm Beach County. It trails only hedge fund-billionaire Ken Griffin’s 8-acre property in Palm Beach. There, he plans to build a 44,000-square-foot mansion on 1,400 feet of oceanfront for his mother. Moreover, Larry brought his other Palm Beaches home, Gemini, in June for $173 million.
Palm Beach Property
This mansion is located in the ultra-exclusive neighborhood of Seminole Landing. It has two sets of gates and 24-hour security, Larry paid $80 million for the Palm Beach Mega-Mansion 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. Its area prices have increased over 50% since 2020 and homes usually sell 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. It was on the market in 2015 at $195 million. Moreover, it is located on 1,200 feet of oceanfront and 1,300 feet on the Intracoastal in Manalapan. It was built in the 1940s for the Lambert pharmaceutical family. So, that transaction set a new record for the highest price ever paid for a Florida home.
Larry Ellison
Larry Ellison was born in New York City to an unwed mother and raised by relatives in Chicago. He made his $100 billion fortune as the CEO of Oracle Corporation. Moreover, 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), and Donald Trump. According to local agents, the late Rush Limbaugh’s Palm Beach mansion is also available as a non-listed sale.
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 information, visit the Douglas Elliman website.
