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Larry Ellison is well-known for being a tech billionaire and also a trophy home buyer. He owns homes in many expensive areas, such as Malibu and Silicon Valley, and even an entire Hawaiian island. In June, Ellison was said to have bought a huge estate in Manalapan, Florida for $173 million, which is considered to be the highest sale in Florida to date.
Just a year ago, Ellison bought his Palm Beach home for $80 million and is now turning around and selling it for $145 million. The 15,500-square-foot home is located on 8.5 acres in the Seminole Landing neighborhood, which is well-known for its high prices. It is considered the third-largest land parcel in Palm Beach county and has 24-hour security and well over 500 feet of ocean frontage.
In the home, there are 7 bedrooms, 14 bathrooms, a home theater, and a wine room. Outside, there is also a tennis court, pond, pool, and pavilion.
Many of the homes in the area are being sold for high prices at the moment. In 2021, a mansion was bought for $39.5 million by hedge-fund manager Igor Tulchinsky. In 2020, Robert F. Smith, a private-equity executive, bought two homes for $48.19 million.
Although the price is high, the listing agents say that with the large ocean-front property and the acreage, it will likely be snapped up in no time. The home is listed with Adam McPherson, Chris Leavitt, and Ashley McIntosh of Douglas Elliman.