Larry Ellison, Oracle’s chief technology officer, is relisting an oceanfront estate in North Palm Beach, Florida, for $165 million after initially purchasing it for $80 million in 2021 with plans to demolish the existing house. The property, which covers 8.4 acres and includes a 16,300-square-foot home built in 1991, now features extensive ocean frontage and is described as suitable for either demolition or expansion. This new listing makes it the most expensive single-family home in North Palm Beach.
Written locally by qwen2.5:14b on 2026-10-07,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
Larry Ellison, the chief technology officer of Oracle, is relisting his 8.4-acre oceanfront estate in North Palm Beach, Florida for $165 million, five years after purchasing it for $80 million in 2021. Initially planning to demolish the existing house, Ellison had previously attempted to sell the property at a lower price of $145 million, but without success. The estate is located within the gated Seminole Landing community and features a 16,300-square-foot home built in 1991 with seven bedrooms, eight bathrooms, and five half-bathrooms. It boasts more than 550 feet of water frontage along the ocean. This new listing would make it the highest-priced property currently on the market in North Palm Beach according to Trader News Central.
Written for “Ellison Sells Expensive Estate” on 2026-10-07,
grounded in this article and the 0 other(s) covering the same event.
Chief technology officer of Oracle Larry Ellison is preparing to put his large oceanfront estate in North Palm Beach, Florida, back on the market for $165 million, five years after buying the property for $80 million.
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Ellison → prepare → million
The Oracle co-founder bought the 8.4-acre estate in 2021.
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founder → buy → 2021
At the time, he planned to tear down the existing house.
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he → plan → house
More than a year later, the property was offered for sale with an asking price of $145 million, but it did not sell at that price.
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it → offer → price
Now, Ellison is preparing to try again.
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Ellison → prepare → ?
Listing agents James Kenny and Paul Kaneb of K2 Realty told The Wall Street Journal that the North Palm Beach property will soon be listed for $165 million.
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property → tell → million
The new asking price would make it the highest for a property in North Palm Beach, according to Trader News Central.
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it → make → Central
The estate is located inside the gated Seminole Landing community and has extensive ocean frontage.
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estate → locate → frontage
The property includes a 16,300-square-foot house built in 1991, with seven bedrooms, eight bathrooms and five half-bathrooms.
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property → include → bedrooms
It also has more than 550 feet of water frontage.
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It → have → frontage
The 2021 purhcase
Ellison purchased the estate from Gabe Hoffman, who heads the activist hedge fund Accipiter Capital Management.
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who → purchase → fund
Hoffman had bought the property for $17.5 million in 2012.
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Hoffman → buy → 2012
The property covers 8.4 acres, making it a large oceanfront parcel in the area.
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it → cover → area
Realtor.com reported that it is the third-largest oceanfront parcel in Palm Beach County.
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it → report → County
The property is in a gated community with 24-hour security.
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property → gate → security
The parcel is also one of only a handful of properties in Florida that can accommodate a private helipad.
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that → accommodate → helipad
When Ellison first bought the estate, his plan was to tear down the existing house.
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plan → buy → house
The listing now describes the property as suitable for a teardown or expansion, giving a future buyer the option of changing the existing estate.
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listing → describe → estate
The planned $165 million price would work out to more than $10,000 per square foot based on the size of the existing house.
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price → work → house
It also amounts to about $19.6 million for each acre of the 8.4-acre property.
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The estate has a long stretch of waterfront and is located near the Seminole Golf Club.
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estate → have → Club
Other properties along the same North Palm Beach beachfront have also changed hands for tens of millions of dollars.
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properties → change → dollars
Three homes along the same stretch sold for $30 million, $40 million and $41.8 million in 2020 and 2021.
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homes → sell → 2020
The sales were recorded around the same period when Ellison bought his estate.
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Ellison → record → estate
Ellison expands Florida holdings
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Ellison → expand → holdings
The planned sale comes as Ellison continues to add to his property holdings in Palm Beach County.
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Ellison → plan → County
In 2022, he paid $173 million for his main estate in Manalapan.
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he → pay → Manalapan
The estate covers 15 acres.
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estate → cover → acres
In June, Ellison paid about $35 million for an adjoining piece of land, expanding that property further.
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Ellison → pay → property
Trader News Central reported that Ellison also bought eight homes for his family's staff in a Boynton Beach suburban neighbourhood in 2023.
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Ellison → report → 2023
The combined price for those homes was $10 million.
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price → combine → homes
Ellison also owns properties outside Florida.
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He has acquired several properties in Malibu, California, and owns real estate in Newport, Rhode Island, and San Francisco.
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His property holdings also include land and hotels on Lanai in Hawaii.
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holdings → include → Hawaii
Ellison bought two hotels and land holdings covering 98% of the island in 2012 for a reported $300 million.
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Ellison → buy → million
The Aporia
