Billionaire Larry Ellison lists Florida mansion for $145 million

Tech billionaire Larry Ellison is chasing historical past in South Florida, itemizing his prized property in North Palm Seaside for $145 million. It’s an bold ask contemplating he paid $80 million for the house final yr.

If he will get his worth, it’ll be one of many largest residential gross sales ever within the Sunshine Shine. The Oracle co-founder set the report himself earlier this yr when he paid $173 million for an excellent bigger place just a few miles down the coast.

Ellison — whom Forbes lists on the sixth-richest individual on the earth with a internet value of $110 billion — collects prized actual property like youngsters accumulate baseball playing cards. He’s been probably the most energetic in Malibu, the place he spent the previous couple of a long time scooping up dozens of oceanfront properties in Carbon Seaside and past, racking up a tab that has soared into the a whole lot of tens of millions.

His trophy property in North Palm Seaside gives an virtually unprecedented quantity of house alongside the ocean with 563 toes of water frontage. At 6.5 acres, it’s the most important oceanfront property presently available on the market in South Florida.

With further house comes further safety; it’s hidden behind two units of gates in Seminole Touchdown, an unique enclave with simply 65 properties.

Lawns and palm bushes populate the compound, resulting in a 15,000-square-foot Mediterranean-style mansion with six bedrooms and 11.5 loos. Decks and balconies cling off the second story, overlooking the personal stretch of sand under.

Different highlights embrace a swimming pool, pond, pavilion and tennis court docket. A guardhouse is discovered on the entrance of the property. On the again facet, a cabana results in the seaside.

Farhad Farman of Compass, who’s overseeing strategic advertising for the itemizing, mentioned that because the purchaser pool is so unique, the advertising might be extraordinarily personalised with direct outreach to potential consumers world wide.

Adam McPherson, Chris Leavitt and Ashley McIntosh of Douglas Elliman maintain the itemizing.

Ellison based Oracle Corp. in 1977, and it has grown into one of many largest software program corporations on the earth. The 77-year-old additionally owns mansions within the Bay Space and Rhode Island, a golf course in Rancho Mirage and the bulk stake of an island in Hawaii.