Larry Ellison, Oracle founder, is a real estate agent’s dream client. He spends megabucks on properties even buying the sixth largest island of Hawaii, Lanai, in June 2012. The deal is valued at between $500 and $600 million.
Actually, he only bought 98 percent of Lanai from from L.A. billionaire David Murdock with Dole Food. Ellison already owned a home there. The 141 square mile island was previously a pineapple plantation and is still sparsely populated with 3200 residents and 30 miles of roads. But it is the home to two resorts, including the Four Seasons Resort Lanai at Manele Bay. Ellison plans to use it to experiment with “environmentally sound ways to live.”
In September 2012, the billionaire bought former Yahoo! CEO Terry Semel’s beachfront Malibu home for $36,943,890. It is Malibu’s most expensive 2012 transaction, but Ellison saved money, getting the price down from the original $50 million. With 10,000 square feet in three pavilions, the nine bedroom thirteen bath contemporary home features enormous windows and skylights taking in the ocean views, and a two-story guesthouse. The home is on Carbon Beach in what is nicknamed “Billionaires’ Row” where Ellison owns eight other homes. He also bought five adjacent lots there for an estimated $65 million, plus two restaurants and a hotel.
In 2011, Ellison was in the news again for the multi-year issue of his 2850 Broadway house on Billionaire’s Row in San Francisco Bay with his downhill millionaire neighbors, the von Bothmers, over trimming trees blocking his view. At one point it was reported that he was purchasing the late Dodie Rosekrans mansion next door for $40 million for its unobstructable bay views. But Ellison’s tree lawyers worked out an agreement where the von Bothmers will maintain their redwood trees “at a height within two feet of the elevation of the yachtsman’s second floor.” Ellison purchased that home in 1998 for $3.9 million.
Ironically, Ellison purchased in November 2012, TV producer Jerry Bruckheimer’s house on 400 acres which in 2010 was the object of neighbor complaints over the privacy pepper and acacia trees Bruckheimer had planted at the end of Tiara, on the edge of his property that ruined the Rancho La Vista Estates neighbors’ views in the Ojai Valley of the Topa Topa Mountains. The neighbors have been fighting a losing battle over the trees and loss of views.
Other Ellison property purchases include:
- a home modeled on a 16th century Japanese emperor’s residence in Woodside, Calif. in 1995 for $12 million that is now estimated to be worth $70 million
- a $10.5 million Newport, RI mansion once belonging to the Astors, sight unseen
- Porcupine Creek in Rancho Mirage for $49 million in 2011, an 18,430-square-foot house on 249 acres with an 18-hole golf course on the property
- a historic garden property in Kyoto, Japan, listed at $86 million
He has put real estate up for sale like his Woodside, Calif. horse farm in October 2011 for $19 million, after paying $23 million for it in 2005.