A luxury home that was bought by Oracle co-founder Larry Ellison for $80 million in Florida is to be demolished by the billionaire.
Ellison, 77, who is said to be worth $90 billion, told his employees that he was to demolish the 15,000-square-foot home that he recently bought in North Palm Beach.
The luxurious seven bedroom, Tuscan-style home, which was built in 1998, comes complete with a home theater, wine room and tennis court. But apparently it will all be no more.
It’s not clear with Ellison plans to do with the land once the home is demolished.
Oracle co-founder Larry Ellison has just bought this Tuscan-style mansion in North Palm Beach, Florida for $80 million
With 15,514 square feet of living space, there are 7 bedrooms and 11½ bathrooms along with a stunning pool area
Special features include 4 acres of land, and 520 feet of ocean frontage inside a gated community with 24-hour security
The white sands of North Palm Beach run adjacent to the home in one of the wealthiest parts of the United Sates
The home was built in 1998, but now will be torn down, Larry Ellison has told his employees
An archway leads from the front lawns towards the rear of the property with two lions standing guard at either side
The home is immaculately landscaped with palm trees and fountains lining the gardens
The estate also features a helipad making it even easier for other wealthy billionaires to visit in their choppers.
A large private pool terrace exists perfect for entertaining while the estate as a whole has been masterfully created to capture panoramic ocean views.
The original listing was hosting by realtor Douglas Elliman with Tonja Garamella of the first orchestrating the purchase on behalf of Ellison.
Real estate agents who sold the home, Chris Leavitt and Ashley McIntosh described it as a ‘once in a generation opportunity to own the third largest oceanfront compound in all of Palm Beach County.’
‘An unmatched direct oceanfront compound with over 520 feet of ocean frontage in the ultra-exclusive neighborhood of Seminole Landing. If a buyer is looking for security, this is the place. Seminole is a gated community with 24 hour security and a manned security gate.’
From up above one can truly appreciate the closeness of the Atlantic Ocean and soft white sands of Palm Beach behind
A rear terrace offers superb views of the blue waters of the Atlantic
An outdoor kitchen allowed for some good grilling to be performed while still managing to shelter from the elements
Blue and white tiles make for an elegant staircase up towards a veranda in the home
A red bricked driveway leads up to the front door of the home, of course for those traveling by chopper there’s a helipad
Should the Florida weather suddenly turn colder, fear not – this fireplace will soon put things right
A gated terrace gives those standing outside and overview from the rear of the property
Murals of palm trees and the ocean have been painted on walls where there are not actual views of palm trees and ocean
The billionaire currently lives on a private island in Hawaii and says he no plans to move to the Sunshine State.
‘Last year I moved from California to the island of Lana’i and became a resident of the State of Hawaii. I love it here and have no plans to move back to Florida, Texas, back to California … or anywhere else,’ he said in an email to his 135,000 workers.
‘My plan is to continue to live and work on Lana’i. Most of my work time will be spent Zooming for Oracle. But I will also make time for the many exciting community development projects here on Lana’i.’
‘I don’t want to miss anything,’ he concluded his note.
Two armchairs sit side by side in one of the mansions many reception rooms
The palm tree theme runs throughout the home including the rugs of this sitting room area
The mansion appears opulent in its design with a spiral staircase leading to the second floor of the home
Frescos adorn the walls and ceilings of the luxurious $80 million mansion in North Palm Beach
Varnished terracotta tiles run throughout the lower levels of the home
Plenty of seating appears to be available for those wanting to socialize at the breakfast bar in the kitchen under a painted sky
Several sets of French doors allow for plenty of natural light to permeate the home
This is one of the more understated rooms in the lavish mansion
More seating areas complete with cushioned couches and solid-looking tables are situated throughout the home
These arm chairs fall into line when it comes to the all-palm trees, all the time decor of the home
Vaulted ceilings give the lower levels of the home additional height and airiness
A fireplace can be lit during the cooler months in a room lined with wood
A dinner for twelve is not a problem with this lengthy dining table and a dozen chairs
The home theater has some of the comfiest-looking chairs in the entire place, complete with cupholders too!
The dressing room looks more like that of a high-end clothing store with mahogany wooden shuttered doors and windows
A lounge area downstairs looks like a scene from a stately home complete with grand piano and fireplace
A wide spiral staircase leads to the upper floors of the home
Children will love the creative look and fun murals of the beach painted on the walls of this playroom
A comfy king size bed sits on a wooden bed frame, complete with parrot cushions and palm tree lamps
Although the home was constructed in 1998, some of the rooms, including this bathroom look very 1980s in their design
The green room – perfect for matching palm tree curtains
The rag rolled walls of this bedroom make for a relaxing environment with plenty of space for belongings
A small guest room with a full size bed still has a majestic view of the outdoors
Pink bathrooms seem to be quite common in Florida but normally in the homes of grandparents rather than millionaires
This blue and gold furnished bathroom is elegantly appointed complete with gold taps and a golden shower
Ellison, who owns 98% of Lana’i, is currently involved in several development projects for locals on Lana’i according to Recode including a preschool and low-income housing.
The Hawaii Visitors & Convention Bureau has called Lanai ‘Hawaii’s Most Enticing Island’ and the ‘perfect place to go off the grid.’
The Oracle billionaire boasts a massive real estate portfolio and has been called the ‘nation’s most avid trophy-home buyer’ by the Wall Street Journal.
He is worth a whopping $89.3billion and is the world’s ninth richest person, according to Forbes.
Insider has detailed his extensive real estate listings, which include residential properties and resorts across California to a historic garden villa in Japan.
The Oracle billionaire boasts a massive real estate portfolio and has been called the ‘nation’s most avid trophy-home buyer
Larry Ellison, the 77-year-old co-founder of Oracle, owns 98 percent of the island of Lanai and intends to use it as a experiment in sustainability