Tech titan Larry Ellison drops $80M on Palm Beach home

Oracle co-founder Larry Ellison just expanded his impressive $1 billion property portfolio by dropping $80 million on an oceanfront compound in North Palm Beach.

Ellison bought the six-acre Florida estate from hedge-fund manager Gabe Hoffman, the founder of Accipiter Capital Management, above the $79.5 million asking price. The compound features more than 520 feet of ocean frontage in the affluent Seminole Landing neighborhood, a gated community with 24-hour security, according to the Wall Street Journal.

The home itself is a Tuscan-style property, clocking in at 15,514-square-feet, with seven bedrooms, a wine room and a theater. The grounds also have a tennis court and space for a helicopter to land.

Ellison, who snapped up Lake Tahoe’s defunct Cal Neva Lodge and Casino in 2019 for $35.8 million, also owns multiple houses in Newport, Rhode Island, 98 percent of the Hawaiian island of Lanaii, a large chunk of the shoreline and properties along Carbon Beach in California, homes in San Francisco and a massive, Japanese-inspired estate in Woodside, California.

Oracle co-founder Larry Ellison owns a $1 billion property portfolio that includes houses in Rhode Island, Hawaii and California.
Oracle co-founder Larry Ellison owns a $1 billion property portfolio that includes houses in Rhode Island, Hawaii and California.
Justin Sullivan/Getty Images

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