Billionaire Larry Ellison Pays Above-Ask $80M for Waterfront Trophy in North Palm Beach

Published: April 13, 2021 | By: American Luxury Staff

Larry Ellison—co-founder and chief technology officer of Oracle Corp—is the new owner of this languorous estate in North Palm Beach. Ellison shelled out $80 million for the waterfront property, which had been listed in July by now-previous owner Gabriel Hoffman with a $79.5 million asking price.

The estate’s scale is impressive, even in relation to the substantial size of the other properties in the neighborhood. The grounds measure in at 7.3 acres. The main house is an overgrown Tuscany-inspired villa that measures 15,514 sq. ft. There are seven bedrooms and at least fifteen baths on the estate.

The home’s interiors begin with a foyer boasting limestone block walls, a curving staircase, and stone tile floors. The tile continues throughout the shared spaces, which include a formal dining room that’s decked out with an ornate coffered ceiling with carved and gilded accents. The kitchen comes heavily ornamented as well, but with a breezier version of the ideal, with a ceiling fresco and stenciled wall border. The home’s salon features hardwood floor, walls and ceiling, stenciled beams, a fireplace with a tile surround, and a knockout blown glass chandelier that’s either a glorious original or a fastidious example of homage.

Exterior features of this property: a porte-cochere, romantic gardens, a covered living area with a fireplace, and a pool area with a tiled outdoor staircase, tropical landscaping, and a water feature.

Ellison is no stranger to trophy estates; back in 2018, he paid $38 million to take possession of Hollywood producer Joel Silver’s Malibu beach house.

Ellison’s net worth is around $100 billion.

7949 April 13, 2021 Real Estate April 13, 2021