Oracle co-founder Larry Ellison reportedly spent nearly $10 million in 2023 to buy eight homes in Palm Meadows Estates, a gated Boynton Beach community, for members of his household staff. The homes include accommodations for tutors who work with his children and are about a half-hour from the family’s Manalapan estate.
Key takeaways
- Ellison bought eight homes in Palm Meadows Estates for nearly $10 million, according to The Wall Street Journal.
- The properties were intended for household employees, including some of his children’s tutors.
- The homes are in a gated community roughly 30 minutes from Ellison’s Manalapan property.
The purchases offer a glimpse into how a billionaire family can arrange staff housing near its residence while keeping employees outside the main home.
A group of purchases made in 2023
The eight homes, which had different sellers, closed within weeks of one another in May and June 2023, the Journal reported. Most were not publicly listed. The purchases were made through a limited liability company with a California address; the identity of the buyer was initially unclear to residents.
Ellison and his wife, Jolin, have five children, according to the report. Some of the older children are homeschooled at the family’s Manalapan estate, where multiple tutors help teach them, including in several languages.
Homes near the family’s estate
Palm Meadows Estates is a 288-home gated community in Boynton Beach, between West Palm Beach and Boca Raton. It has around-the-clock security, a recreation center, a pool, fitness facilities, and pickleball and tennis courts. The suburban homes are comparatively modest beside Ellison’s oceanfront Manalapan compound, which he bought for $173 million in 2022.
The location puts staff close to the family without placing them in its main residence. Some homes have private pools and landscaped yards, according to the report.
Why employers provide staff housing
Providing a nearby place to live can help employers recruit workers in costly areas and shorten their commute, Peter Mahler of Mahler Private Staffing told the Journal. He also said that some clients prefer employees to live off-site to preserve family privacy.
The arrangement is an unusual example of staff housing at the ultrawealthy end of the housing market: multiple homes in one community serving a household’s operational needs while maintaining separation from the primary residence.
