Oracle co-founder and billionaire, Larry Ellison, has acquired the latest pricy purchase, a beachfront mansion in Palm Beach, Florida, one of the state’s highest.
The home Ellison purchased is ornately designed.
He purchased this Tuscan-style mansion from Gabe Hoffman, founder of Accipiter Capital Management, for $80 million or just a shave over its asking price of $79.5 million.
At 15,514-square-feet, the seven-bedroom property with 11 bathrooms, a home theater, and a swimming pool has 520 feet of ocean frontage and is one of the few homes in Florida that allow for private helicopter landing.
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Located in Seminole Landing, itself a gated community, the estate has its own private gated entrance adding to the privacy and security of the property.
