Oracle co-founder Larry Ellison is relisting his Seminole Beach Estate in North Palm Beach for $165 million. He originally purchased the 8.4-acre oceanfront property in April 2021 for $80 million. The estate, which includes a 1991-built Mediterranean-style house of over 16,000 square feet with seven bedrooms and eight bathrooms, was previously listed at $145 million but did not sell. This new listing represents a significant increase to the original purchase price, marking it as potentially one of the highest-priced land sales 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
Oracle co-founder Larry Ellison is relisting his 8.4-acre oceanfront estate in North Palm Beach, Florida, for a staggering $165 million, nearly double the $80 million he paid in 2021. Initially planning to tear down the existing 16,300-square-foot home built in 1991, Ellison purchased the property from Gabe Hoffman, who runs activist hedge fund Accipiter Capital Management. The estate includes extensive ocean frontage and direct access to the Atlantic, making it especially attractive for a buyer interested in custom development rather than simply moving into the existing house. Listing agents James Kenny and Paul Kaneb of K2 Realty confirmed the new listing price to The Wall Street Journal, noting that at $165 million, it would become the highest-priced property in North Palm Beach.
Written for “Ellison Relists Estate” on 2026-10-07,
grounded in this article and the 1 other(s) covering the same event.
Oracle co-founder Larry Ellison is putting one of his most spectacular Florida properties back on the market, and this time the asking price is $165 million.
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price → put → market
The Wall Street Journal first reported the planned relisting, while The Real Deal and Realtor.com provided additional details about the property, its history and the latest listing.
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Deal → report → property
Ellison bought the 8.4-acre oceanfront estate in North Palm Beach for $80 million in 2021, meaning the current asking price is more than double what he paid five years ago.
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he → buy → what
The property, known as the Seminole Beach Estate, sits inside the gated Seminole Landing community, next to the Seminole Golf Club.
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property → know → Club
The estate is among the largest oceanfront parcels in Palm Beach County, with roughly 562 to 563 feet of direct Atlantic frontage, depending on the source.
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estate → depend → source
A property built for a major redevelopment
Ellison acquired the estate through an entity linked to him in April 2021.
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Ellison → build → April
At the time, his plan was reportedly to demolish the existing Mediterranean-style residence and create something new on the expansive oceanfront site.
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plan → demolish → site
That never happened.
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That → happen → ?
The existing house remained, and the property was subsequently offered for sale in 2022 with a $145 million asking price.
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property → exist → price
It failed to find a buyer and was eventually taken off the market.
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It → fail → market
Now, instead of reducing the price, Ellison has returned with an even higher figure: $165 million.
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Ellison → reduce → figure
The new asking price would represent a 106% increase over Ellison’s original purchase price.
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price → represent → price
The Real Deal reported that it also amounts to more than $10,000 per square foot and roughly $19.6 million per acre, making it a record-level ask for North Palm Beach.
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it → report → Beach
Inside the oceanfront compound
The existing residence, built in 1991, spans more than 16,000 square feet.
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residence → exist → feet
Realtor.com lists seven bedrooms and eight bathrooms, while other property reports describe additional half-baths and extensive supporting spaces.
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reports → list → baths
The house also comes with a four-car garage, pool terrace, tennis court, wine room and a VIP guest suite.
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house → come → garage
The estate offers direct access to the Atlantic and an unusually large stretch of beachfront, making it particularly attractive to a buyer interested in building a custom compound rather than simply moving into the existing house.
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it → offer → house
The parcel also has room for a private helipad, a rare feature even among South Florida’s most expensive estates.
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parcel → have → estates
It sits within a community with around-the-clock security, adding another layer of privacy to the already secluded oceanfront setting.
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It → sit → setting
Why Ellison may be moving on
The sale comes as Ellison continues to concentrate significant real estate holdings farther south in Palm Beach County.
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Ellison → move → County
In 2022, an Ellison-controlled company acquired a roughly 15-acre ocean-to-Intracoastal estate in Manalapan for $173 million.
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company → control → million
This year, he has continued expanding that property with an additional land purchase reported at about $35 million.
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he → continue → million
In 2023, he reportedly spent nearly $10 million acquiring eight homes in Boynton Beach to house staff connected with his Manalapan operation.
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he → spend → operation
That makes the decision to part with the North Palm Beach property less surprising.
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decision → make → property
Rather than developing another enormous residence, Ellison appears to be concentrating his South Florida real estate footprint around the much larger Manalapan compound.
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Ellison → develop → compound
Whether someone will pay $165 million for the Seminole Landing estate remains to be seen.
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pay → pay → estate
For now, the figure is an asking price rather than a completed sale.
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figure → complete → sale
But if it attracts a buyer anywhere near that number, Ellison’s five-year-old $80 million purchase could become one of North Palm Beach’s most significant luxury-property transactions.
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purchase → attract → transactions
The Aporia
