Billionaire Larry Ellison Buys $80 Million Estate In Palm Beach

The latest pricy purchase in Florida, one of the state’s highest, goes to Oracle co-founder Larry Ellison. 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, reports the Wall Street Journal. Hoffman bought the main parcel within what eventually became a 7.94-acre estate for $17.5 million in 2012. Ellison has extensive real estate holdings around the country, including nearly all of a Hawaiian island and a 246-acre expanse he plans to turn into a high-end resort.

At 15,514-square-feet, the seven-bedroom property has 520 feet of ocean frontage and is one of the few homes in Florida that allow for private helicopter landing, says the listing. Located in Seminole Landing, itself a gated community, the…