According to Forbes magazine, Larry Ellison, co-founder of the software giant Oracle and the sixth wealthiest person in the world, has put his Tuscan-style North Palm Beach mansion up for sale for a staggering price of $145 million.
This sum is almost twice as much as the initial purchase price of the property, which was $80 million and took place in April of 2021.
The listing comes after it was claimed by Business Insider that the software titan had broken the record for the most expensive Florida real estate transaction ever recorded with his buying of a $173 million estate in Manalapan, Florida, also located in Palm Beach county approximately two months prior to the listing’s release
The mansion that Ellison is selling may be found in Seminole Landing, a gated enclave in Palm Beach that is known for its extreme exclusivity.
The advertising for the home states that it is presently South Florida’s “largest oceanfront parcel on the market.”
There is a total of 8.5 acres up for grabs, which includes a dune and a private beach with more than 560 linear feet of ocean frontage.
The offering also states that the home is currently South Florida’s “largest oceanfront parcel on the market.”
Even while there is a main house on the property with seven bedrooms, a home theater, and a wine room (as reported by Wall Street Journal), a pool, a tennis court, and other small buildings, the land still has plenty of opportunity for development.
The listing goes so far as to say that getting about should be a snap because “via helicopter, which can conveniently take-off or land right from the property.”