Oracle co-founder Larry Ellison is preparing to put his North Palm Beach-area oceanfront property on the market for $165 million, according to reporting on the plans. The asking price would place the 8.4-acre parcel among the region’s most expensive listings. Ellison bought the estate for $80 million in 2021, after reportedly considering demolishing its existing home.
Key takeaways
The property’s scale and ocean frontage distinguish it from a typical luxury-home listing, while the $165 million figure is an asking price—not a confirmed sale price. Key details include:
- The estate spans 8.4 acres in a gated community with around-the-clock security.
- It has 520 feet of ocean frontage and room for a private helipad.
- Ellison previously tested the market with a $145 million asking price.
- The property is described as the third-largest oceanfront parcel in Palm Beach County.
A sizable oceanfront parcel
The estate is in Seminole Beach Estates, in the North Palm Beach area. Its acreage and extensive shoreline make it unusual even in a market known for high-end coastal properties. The parcel’s size may also appeal to buyers seeking privacy and room for amenities that are difficult to accommodate on smaller lots.
The property is one of a limited number in Florida said to have enough space for a private helipad. Its gated setting and 24-hour security add to its privacy features, although those attributes do not guarantee a sale at the asking price.
A second attempt at a high asking price
Ellison acquired the property in 2021 for $80 million, reportedly with plans to tear down the existing residence. More than a year later, he put it on the market at $145 million. The new $165 million target would be $20 million above that earlier asking price.
Listing agents James Kenny and Paul Kaneb of K2 Realty told The Wall Street Journal the property would soon come to market at the new price. That distinction matters: a listing price reflects the seller’s expectations, while the eventual sale price, if the estate sells, would depend on buyer interest and negotiations.
Part of Ellison’s Florida real estate footprint
The planned listing comes as Ellison continues to expand his holdings in the Manalapan area, south of Palm Beach. He reportedly paid $35 million in June for land adjoining a 15-acre property he had acquired for $173 million. The oceanfront estate would therefore be one high-profile part of a broader Florida real estate portfolio, rather than evidence that he is leaving the area.