Jonathan Weiner
Palm Beach real estate is on (proverbial) fire, and the most recent person to heat things up is tech tycoon/real estate mogul Larry Ellison, who paid just above the $79.5 million asking price for a lavish compound in the northern part of town. Boasting on more than 520 feet of ocean frontage, the palatial spread lies within the ultra-exclusive, 24-hour guard-gated Seminole Landing community.
The Oracle co-founder purchased the Florida estate from hedge fund manager Gabe Hoffman, founder of Accipiter Capital, according to The Wall Street Journal. Hoffman bought the main parcel in 2012 for $17.5 million and placed the house up for sale in June 2020, records show.
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