World · India Bureau
Oracle Founder Ellison Lists Palm Beach Estate at $165M
Oracle co-founder Larry Ellison is relisting his sprawling oceanfront property in North Palm Beach, Florida at $165 million, doubling the price he paid for the asset just three years ago. The move marks a significant shift from his earlier plan to demolish the existing structures on the 8.4-acre estate.
LSN India ·
Ellison acquired the exclusive beachfront property in 2021 for $80 million with intentions to redevelop the site, having considered razing the current structures to make way for new construction. The change in strategy now sees the technology billionaire marketing the property at $165 million, reflecting substantial appreciation in value and suggesting a recalibration of his development plans.
The estate spans 8.4 acres and features a 16,300-square-foot main residence alongside extensive oceanfront access—a premium amenity in the competitive South Florida luxury real estate market. The property was previously listed at $145 million, indicating Ellison's confidence in the current asking price despite the challenging high-end market conditions.
The relisting represents a notable reversal from Ellison's initial vision for the North Palm Beach site. The decision to retain and market the existing structures rather than pursue a complete teardown-and-rebuild approach suggests evolving priorities or market assessments regarding the property's potential value. The listing underscores continued activity among ultra-high-net-worth individuals in South Florida's premium residential real estate sector.