![[Larry Ellison] invests in a lavish Florida estate for the ultra-rich.](https://floridarealestatewire.com/wp-content/uploads/2026/06/c3838bf6journalist2F42ca9b5d-078d-4f14-944a-a367bcc510a42Fthumbnail.jpeg "Larry Ellison Invests $450 Million in Florida, Aiming to Create a Haven for the Ultra-Rich")
Tech magnate Larry Ellison is making a significant splash in South Florida’s real estate market, investing a staggering $450 million to transform the exclusive island town of Manalapan into a luxury destination. This move is attracting other wealthy individuals to the area, which is strategically located just minutes from Mar-a-Lago.
Key Takeaways
- Larry Ellison has invested $450 million in two landmark properties in Manalapan, Florida.
- His investments include a record-breaking $173 million estate and the $277 million Eau Palm Beach Resort & Spa.
- Ellison’s previous success in developing the Hawaiian island of Lanai suggests a similar vision for Manalapan.
- The town’s proximity to Mar-a-Lago is also seen as a significant draw for the ultra-wealthy.
A Major Real Estate Play
Ellison, the cofounder and chief technology officer of Oracle, has acquired substantial real estate in Manalapan, a town with a population of around 400 residents. His investments, which began in 2022, include a sprawling 16-acre estate purchased for $173 million, setting a Florida record. More recently, in August 2024, he acquired the Eau Palm Beach Resort & Spa for $277 million. This resort, situated on the grounds of the historic La Coquille Club, has a legacy of hosting notable figures.
Transforming Manalapan
The acquisition of the Eau Palm Beach Resort & Spa is poised to become a central attraction for high-net-worth individuals. Local developers believe Ellison’s plans for the property could significantly enhance the area’s appeal. Ellison has a proven track record of luxury development, notably on the Hawaiian island of Lanai, where he invested heavily in upgrading its Four Seasons resorts with ultra-luxe amenities.
At the Eau Palm Beach Resort & Spa, Ellison has already initiated renovations, including the introduction of a permanent Nobu restaurant, a favorite of his. This mirrors his approach on Lanai, where he introduced high-end dining and exclusive suites.
A Magnet for the Mega-Rich
Florida has long been a desirable location for the ultra-wealthy, with figures like Jeff Bezos and Ken Griffin also making substantial real estate investments in the state. Manalapan’s appeal is further amplified by its close proximity to Mar-a-Lago, former President Donald Trump’s residence. This location offers residents access to exclusive amenities and a high-profile social scene, contributing to the area’s growing desirability among the affluent.