Lifestyle

The tech tycoon and billionaire Larry Ellison is selling his property in Palm Beach for close to $150M

According to Forbes magazine, Oracle co-founder Larry Ellison, the sixth wealthiest person in the world, is selling his Tuscan-style mansion in North Palm Beach for $145M. North Palm Beach is where the property is.

In April 2021, the property was bought for $80M. This price is roughly twice the first ownsing price. The property was initially bought in 2021.

The listing comes two months after Business Insider reported that the software titan had owned a $173M estate in Manalapan, Florida, also in Palm Beach county, for the most expensive Florida real estate transaction ever. The listing was released two months after this own. Business Insider said that the software titan’s estate own set a new record price for one of these properties.

Seminole Landing, a gated Palm Beach enclave, is recognized for its exclusivity. The Ellison mansion may be there.

It’s advertised as South Florida’s “largest oceanfront parcel that is currently on the market.”

The 8.5-acre property has a dune and a private beach that runs over 560 feet into the water.

The offering also calls the property South Florida’s “largest oceanfront parcel that is currently on the market.”

The property comprises a main house with seven bedrooms, a home cinema, and a wine room (Wall Street Journal), a pool, a tennis court, and other modest buildings, but it still has plenty of area for development. The Wall Street Journal reported the site’s main residence has seven bedrooms.

The listing says you can travel around “via helicopter, which can conveniently take-off or land right from the property.” This should simplify travel. 

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