The Aporia · Larry Ellison relists $80M oceanfront estate for $165M after initially planning to tear it down

Larry Ellison, Oracle’s chief technology officer, is relisting an oceanfront estate in North Palm Beach, Florida, for $165 million after initially purchasing it for $80 million in 2021 with plans to demolish the existing house. The property, which covers 8.4 acres and includes a 16,300-square-foot home built in 1991, now features extensive ocean frontage and is described as suitable for either demolition or expansion. This new listing makes it the most expensive single-family home in North Palm Beach.

Written by AI on 2026-10-07, from this article's own text only (the story summary below draws on all the coverage).

Story summary

Oracle co-founder Larry Ellison is relisting his 8.4-acre oceanfront estate in North Palm Beach, Florida, for a staggering $165 million, nearly double the $80 million he paid in 2021. Initially planning to tear down the existing 16,300-square-foot home built in 1991, Ellison purchased the property from Gabe Hoffman, who runs activist hedge fund Accipiter Capital Management. The estate includes extensive ocean frontage and direct access to the Atlantic, making it especially attractive for a buyer interested in custom development rather than simply moving into the existing house. Listing agents James Kenny and Paul Kaneb of K2 Realty confirmed the new listing price to The Wall Street Journal, noting that at $165 million, it would become the highest-priced property in North Palm Beach.

Written for “Ellison Relists Estate” on 2026-11-04, grounded in this article and the 1 other(s) covering the same event.

📰 Ellison Relists Estate

Economy/Business · 2 article(s) covering the same event. See how they differ ↓

This article reads unscored and hedges 3% of its claims. Each row says how that neighbour differs.

Ellison Seeks Higher Price? Larry relists Seminole Beach estate for $165 million; potential record land sale Same event

Times of India

Hedges 4 of 28 claims Outlet record 59/100

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TOI Real Estate Desk

128 article(s) here · 1 carrying a prediction

🔮 The difference in reported figures suggests that the coverage may have counted the property's overall tree population rather than only those planted by the singer.

2026-11-02 · assertive framing · Farm Becomes Wildlife Retreat: Olivia Newton-John reshaped Dalwood estate; sale tied to cancer work

🔮 Another feature that could appeal to prospective buyers is the availability of approved plans and permits for a swimming pool, offering the possibility of further developing the outdoor space.

2026-11-01 · assertive framing · Dorothy Dandridge Home Listed: Former Hollywood Hills residence hits $5.499 million; price up nearly 90% from 2014 sale

🔮 However, Toby recently welcomed a baby with his wife, Scarlet Alexandra, and may now be looking for more space for his growing family.

2026-11-01 · assertive framing · Florence Pugh's parents put £1.65 million Oxfordshire barn where the Oppenheimer star grew up on sale

🔮 Branden Williams and Rayni Williams of The Beverly Hills Estates have listed the property.

2026-11-01 · assertive framing · Prince’s former Beverly Park estate gets $13.5M price cut

🔮 Its current listing price therefore represents no nominal increase over his original purchase price, although the eventual sale proceeds, carrying costs and any changes to the property’s condition will determine the financial outcome.

2026-10-31 · assertive framing · Persson Lists Beverly Hills Mansion: asks $70 million again; ultra-luxury LA market cools

🔮 Other headline-making sales include British singer Robbie Williams’ Beverly Hills-area estate, which rapper Drake acquired in 2022 for a reported price in the mid-$70 million range, according to the Los Angeles Times.

2026-10-26 · assertive framing · Perry Estate Hits Market: Tyler Perry lists $57m Beverly Hills mansion; once home to royal couple

🔮 Every New Yorker you meet will tell you how much they dream of owning a home in the city.

2026-10-26 · assertive framing · Scarlett Johansson buys $27.5M Manhattan penthouse for $13M

🔮 Furnishings and artworks were not included in the original asking price, although they could be negotiated separately.

2026-10-26 · assertive framing · Buffalo’s $800K Triangle House returns to market for just $479K

🔮 Beyonce's mother on the family home For Beyonce's mother, Tina Knowles, the property was a place where the family could spend time together.

2026-10-26 · assertive framing · Beyoncé's childhood home in Houston finds buyer as fans flock to see the property

🔮 Aguilera told Realtor.com that clouds moving in from the coast could settle below the property, creating the impression of a blanket of fog resembling a waterfall.

2026-10-25 · assertive framing · John Stamos’ former California mansion drops from $13 million to $6.4 million after renovations

Wire or desk byline, not an individual reporter.

Also by TOI Real Estate Desk

Farm Becomes Wildlife Retreat: Olivia Newton-John reshaped Dalwood estate; sale tied to cancer work

2026-11-02 · Times of India

Dorothy Dandridge Home Listed: Former Hollywood Hills residence hits $5.499 million; price up nearly 90% from 2014 sale

2026-11-01 · Times of India

Florence Pugh's parents put £1.65 million Oxfordshire barn where the Oppenheimer star grew up on sale

2026-11-01 · Times of India

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2026-11-01 · Times of India

Nothing else under this byline is closely related to this article, so these are simply their most recent.

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Chief technology officer of Oracle Larry Ellison is preparing to put his large oceanfront estate in North Palm Beach, Florida, back on the market for $165 million, five years after buying the property for $80 million.

framing: assertive · carried by 1 article(s) · first seen 2026-10-07

🔮 Listing agents James Kenny and Paul Kaneb of K2 Realty told The Wall Street Journal that the North Palm Beach property will soon be listed for $165 million.

2026-10-07 · Times of India

Larry Ellison relists $80M oceanfront estate for $165M after initially planning to tear it down · assertive framing

Ellison → prepare → million

The Oracle co-founder bought the 8.4-acre estate in 2021. asserted

founder → buy → 2021

At the time, he planned to tear down the existing house. asserted

he → plan → house

More than a year later, the property was offered for sale with an asking price of $145 million, but it did not sell at that price. asserted

it → offer → price

Now, Ellison is preparing to try again. asserted

Ellison → prepare → ?

Listing agents James Kenny and Paul Kaneb of K2 Realty told The Wall Street Journal that the North Palm Beach property will soon be listed for $165 million. asserted

property → tell → million

The new asking price would make it the highest for a property in North Palm Beach, according to Trader News Central. uncertain

it → make → Central

The estate is located inside the gated Seminole Landing community and has extensive ocean frontage. asserted

estate → locate → frontage

The property includes a 16,300-square-foot house built in 1991, with seven bedrooms, eight bathrooms and five half-bathrooms. asserted

property → include → bedrooms

It also has more than 550 feet of water frontage. asserted

It → have → frontage

The 2021 purhcase Ellison purchased the estate from Gabe Hoffman, who heads the activist hedge fund Accipiter Capital Management. asserted

who → purchase → fund

Hoffman had bought the property for $17.5 million in 2012. asserted

Hoffman → buy → 2012

The property covers 8.4 acres, making it a large oceanfront parcel in the area. asserted

it → cover → area

Realtor.com reported that it is the third-largest oceanfront parcel in Palm Beach County. asserted

it → report → County

The property is in a gated community with 24-hour security. asserted

property → gate → security

The parcel is also one of only a handful of properties in Florida that can accommodate a private helipad. asserted

that → accommodate → helipad

When Ellison first bought the estate, his plan was to tear down the existing house. asserted

plan → buy → house

The listing now describes the property as suitable for a teardown or expansion, giving a future buyer the option of changing the existing estate. asserted

listing → describe → estate

The planned $165 million price would work out to more than $10,000 per square foot based on the size of the existing house. asserted

price → work → house

It also amounts to about $19.6 million for each acre of the 8.4-acre property. asserted

It → amount → property

The estate has a long stretch of waterfront and is located near the Seminole Golf Club. asserted

estate → have → Club

Other properties along the same North Palm Beach beachfront have also changed hands for tens of millions of dollars. asserted

properties → change → dollars

Three homes along the same stretch sold for $30 million, $40 million and $41.8 million in 2020 and 2021. asserted

homes → sell → 2020

The sales were recorded around the same period when Ellison bought his estate. asserted

Ellison → record → estate

Ellison expands Florida holdings asserted

Ellison → expand → holdings

The planned sale comes as Ellison continues to add to his property holdings in Palm Beach County. asserted

Ellison → plan → County

In 2022, he paid $173 million for his main estate in Manalapan. asserted

he → pay → Manalapan

The estate covers 15 acres. asserted

estate → cover → acres

In June, Ellison paid about $35 million for an adjoining piece of land, expanding that property further. asserted

Ellison → pay → property

Trader News Central reported that Ellison also bought eight homes for his family's staff in a Boynton Beach suburban neighbourhood in 2023. asserted

Ellison → report → 2023

The combined price for those homes was $10 million. asserted

price → combine → homes

Ellison also owns properties outside Florida. asserted

Ellison → own → Florida

He has acquired several properties in Malibu, California, and owns real estate in Newport, Rhode Island, and San Francisco. asserted

He → acquire → Newport

His property holdings also include land and hotels on Lanai in Hawaii. asserted

holdings → include → Hawaii

Ellison bought two hotels and land holdings covering 98% of the island in 2012 for a reported $300 million. asserted

Ellison → buy → million

Larry Ellison relists $80M oceanfront estate for $165M after initially planning to tear it down

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