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Broward County Florida

Larry Ellison Makes Massive Real Estate Play in Florida, Investing $450 Million Near Mar-a-Lago

Florida coastline with luxury estates near Mar-a-Lago.

Oracle co-founder Larry Ellison has significantly expanded his real estate footprint in South Florida, investing a staggering $450 million into two prime properties in the exclusive town of Manalapan. This substantial investment positions Ellison as a key player in transforming the affluent island community, located just 20 minutes from President Trump’s Mar-a-Lago estate, into a premier destination for the ultra-wealthy.

Key Takeaways

  • Oracle’s Larry Ellison has invested $450 million in Florida real estate.
  • The investments are in Manalapan, a town 20 minutes from Mar-a-Lago.
  • Ellison acquired a record-breaking estate and the Eau Palm Beach Resort & Spa.
  • The move is part of a broader trend of the ultra-rich investing in Florida.

A Record-Breaking Investment Spree

Ellison began acquiring properties in Manalapan, a town with a population of approximately 400 residents, in 2022. His investments include a $173 million estate, which set a Florida record for its size, spanning 16 acres with both beachfront and lakefront access. In August 2024, he further solidified his presence by purchasing the Eau Palm Beach Resort & Spa for $277 million. This hotel, boasting over 300 rooms, is situated on the grounds of the historic La Coquille Club, which once hosted notable figures like the Duke and Duchess of Windsor.

Transforming Manalapan into a Luxury Hub

The acquisition of the Eau Palm Beach Resort & Spa is expected to serve as a major draw for high-net-worth individuals. Local developers believe Ellison’s plans for the property could make it a central attraction in the area. This aligns with Ellison’s previous ventures, such as his extensive development of the Hawaiian island of Lanai, where he has renovated luxury resorts and introduced high-end amenities.

At the Eau Palm Beach Resort & Spa, Ellison has already initiated renovations, including the addition of a Nobu restaurant, a brand favored by Ellison. The proximity to Mar-a-Lago is also cited as a significant factor contributing to the desirability of the region, with Palm Beach County Commissioner Maria Sachs noting that the area is currently experiencing a surge in attention due to its connection with President Trump’s prominent residence.

Florida’s Appeal to the Wealthy

Ellison’s substantial investment in Manalapan is part of a larger trend of the ultra-rich flocking to Florida. Other prominent figures, such as Amazon founder Jeff Bezos and Citadel CEO Ken Griffin, have also made significant real estate acquisitions in the state, further cementing Florida’s status as a coveted location for luxury properties and investments.

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