Tech billionaire Larry Ellison is listing his oceanfront estate in North Palm Beach, Fla., for $145 million, just over a year after purchasing it for $80 million
co-founder bought an even larger estate in the nearby Manalapan area for $173 million from Internet entrepreneur Jim Clark, according to property records and a person familiar with the situation. A spokesperson for Mr. Ellison couldn’t be reached for comment.Located in the Seminole Landing gated community, the North Palm Beach property sits on about 8.5 acres, including a privately-owned beach and dune, with over 520 feet of ocean frontage, according to the listing agents.
While the existing home has “good bones,” Mr. McPherson said most buyers will likely want to expand the house or raze it and build a larger home from scratch. Mr. Ellison purchased the property in April 2021 from hedge-fund manager Gabe Hoffman, the founder of Accipiter Capital Management. Mr. Hoffman had purchased the main parcel in 2012 for $17.5 million, and listed the house in 2020 for $79.5 million.
Seminole Landing, which has 24-hour security, is located next to the Seminole Golf Club. The community has seen a string of major transactions over the past two years as a wave of high-end real estate activity in Palm Beach spilled over to neighboring areas. Last year, hedge-fund manager
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