Oracle co-founder Larry Ellison simply expanded his spectacular $1 billion property portfolio by dropping $80 million on an oceanfront compound in North Palm Seashore.
Ellison purchased the six-acre Florida property from hedge-fund supervisor Gabe Hoffman, the founding father of Accipiter Capital Administration, above the $79.5 million asking value. The compound options greater than 520 toes of ocean frontage within the prosperous Seminole Touchdown neighborhood, a gated group with 24-hour safety, based on the Wall Street Journal.
The house itself is a Tuscan-style property, clocking in at 15,514-square-feet, with seven bedrooms, a wine room and a theater. The grounds even have a tennis court docket and area for a helicopter to land.
Ellison, who snapped up Lake Tahoe’s defunct Cal Neva Lodge and Casino in 2019 for $35.8 million, additionally owns a number of homes in Newport, Rhode Island, 98 p.c of the Hawaiian island of Lanaii, a big chunk of the shoreline and properties alongside Carbon Seashore in California, properties in San Francisco and an enormous, Japanese-inspired property in Woodside, California.