Oracle co-founder Larry Ellison purchased and listed his gorgeous $80 million Palm Beach mansion for sale faster than expected. Until a few months ago, the billionaire wished to demolish the third-largest oceanfront compound in all of Palm Beach County, spreading across 7 acres of land. The 24-hour guard-gated property in the Seminole Landing community was bought by the tech billionaire from Gabe Hoffman and is now listed for a whopping $145 million.
Luxury homes across South Florida have soared in value over the past two years, and Larry Ellison is looking to make tens of millions of dollars flipping this oceanfront estate. Only two months ago, the tycoon paid $173 million for a sprawling, nearby estate that belonged to Netscape billionaire Jim Clark. The deal broke the state record for the priciest home ever sold, per Business Insider. The 1998 estate has 15,000-plus square feet of living space, including a formal living room, dining room, a professional chef’s kitchen, a lavish master retreat, a home theater, and a wine room.
Ellison is the world’s 10th-richest person with a net worth of nearly $99 billion and lives full-time on Lanai, Hawaii, where he owns 87,000 of the island’s 90,000 acres.