Oracle billionaire Larry Ellison wants to tear down his gorgeous Palm Beach mansion which he recently bought for $80 Million (Inspite of having no plans to move back to Florida)

While living at Palm Beach is a dream for most -it’s no biggie for tech billionaire Larry Ellison. The Oracle co-founder recently purchased a lavish compound in the northern part of town for almost $80 million! Yes, that’s right!

Featuring more than 520 feet of ocean frontage, the property lies within the posh 24-hour guard-gated Seminole Landing community. It is touted to be the third-largest oceanfront compound in all of Palm Beach County, spreading across 7 acres of land.

It includes 15,000-plus square feet of living space with a striking entry foyer sporting stone walls, arches, and a spiral staircase with a wrought-iron balustrade, a formal living room with a stone fireplace and beamed ceilings; a formal dining room, a professional chef’s kitchen with a ceiling fresco and dual islands, a lavish master retreat, a home theater, and wine room.

On the outside, the 1998 estate houses a covered indoor/outdoor living and dining space with a fireplace, a tennis court and a pool, along with plenty of open gardens and a helipad. However, all of this may not be enough for Larry Ellison.

The billionaire apparently wishes to demolish it with no apparent plans of occupying it soon. In an email statement, Ellison clarified, “Last year I moved from California to the island of Lana’i and became a resident of the State of Hawaii. I love it here and have no plans to move back to Florida, Texas, back to California … or anywhere else.”

All said this Tuscan-styled home is sure one from the dreams! Don’t you agree?

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