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Broward County Florida

Larry Ellison Invests $450 Million in Florida Town Near Mar-a-Lago

Florida town near Mar-a-Lago with mansions and ocean.

Oracle co-founder Larry Ellison has made a significant splash in South Florida’s real estate market, investing a staggering $450 million into the exclusive island town of Manalapan. This substantial investment aims to transform the small, 400-resident community into a luxurious enclave for the ultra-wealthy, strategically positioning it just a short drive from President Trump’s Mar-a-Lago estate.

Key Takeaways

  • Larry Ellison has invested $450 million in Manalapan, Florida.
  • The investment includes a record-breaking $173 million estate and the $277 million Eau Palm Beach Resort & Spa.
  • The town’s proximity to Mar-a-Lago is seen as a significant draw.
  • Ellison has a history of developing luxury properties, including on the Hawaiian island of Lanai.

A Haven for the Mega-Rich

Ellison, the world’s fifth-wealthiest man, began acquiring properties in Manalapan in 2022. His investments 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, the town’s largest structure.

The Eau Palm Beach Resort & Spa, formerly the site of the historic La Coquille Club, is slated for renovations. Ellison has already introduced a Nobu restaurant to the property, a move that mirrors his development strategy on the Hawaiian island of Lanai, where he previously renovated Four Seasons resorts with ultra-luxe amenities.

Strategic Location and Local Welcome

Manalapan’s appeal is amplified by its close proximity to Mar-a-Lago, President Trump’s Florida residence. This location is seen as a significant factor in the area’s growing desirability among the affluent. Local officials, including Manalapan’s Mayor John Deese, have welcomed Ellison’s investments, noting that they contribute to the town’s already strong real estate market.

"Manalapan has for many years been one of the highest ranked communities in terms of home sales prices in the United States," Deese stated. "The recent sales have just added to the overall success of the real estate market in South Florida."

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A Pattern of Luxury Development

Ellison’s foray into Manalapan aligns with a broader trend of the ultra-rich investing in Florida real estate. Other notable figures like Jeff Bezos and Ken Griffin have also made substantial property acquisitions in the state. Ellison’s proven track record in developing high-end properties, as demonstrated on Lanai, suggests a strategic vision for Manalapan, aiming to create an exclusive destination that attracts significant wealth.

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