Oracle’s Larry Ellison Buys Palm Beach Mansion
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Oracle’s Larry Ellison Buys Palm Beach Mansion

The final price for hedge-funder Gabe Hoffman’s estate was just over the $100 million asking price

By Katherine Clarke
Fri, Apr 16, 2021 11:59amGrey Clock 2 min

Oracle co-founder Larry Ellison has purchased a North Palm Beach mansion from hedge-fund manager Gabe Hoffman, the founder of Accipiter Capital Management, for $80 million, according to two people familiar with the deal. The property sold for just above its $100 million asking price.

Mr. Ellison could not immediately be reached for comment.

The oceanfront compound has over 158-metres of ocean frontage in the ultra-pricey Seminole Landing neighbourhood, according to the listing. Seminole is a gated community with 24-hour security.

The estate is one of the priciest ever to have traded in Florida. PHOTO: DOUGLAS ELLIMAN

The 1440-sqmTuscan-style property has seven bedrooms, a home theatre and a wine room. It also includes a tennis court and is one of a handful of properties in Florida where someone could land and take off in a helicopter from the estate, according to the listing.

The property sold for slightly above its asking price. PHOTO: DOUGLAS ELLIMAN

Mr. Hoffman bought the main parcel in 2012 for US$17.5 million and put the house on the market in June 2020, records show. He was not immediately available for comment.

Chris Leavitt and Ashley McIntosh of Douglas Elliman represented Mr. Hoffman. Tonja Garamella of Douglas Elliman represented Mr. Ellison. Both sets of agents declined to comment.


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This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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Property of the week: Penthouse, 601/12 Baptist St, Redfern

A Sydney site with a questionable past is reborn as a luxe residential environment ideal for indulging in dining out

By KIRSTEN CRAZE
Fri, Oct 18, 2024 2 min

Long-term Sydney residents always had handful of not-so-glamourous nicknames for the building on the corner of Cleveland and Baptist Streets straddling Redfern and Surry Hills, but after a modern rebirth that’s all changed.

Once known as “Murder Mall” or “Methadone Mall”, the 1960s-built Surry Hills Shopping Centre was a magnet for colourful characters and questionable behaviour. Today, however, a $500 million facelift of the site — alongside a slow and steady gentrification of the two neighbouring suburbs — the prime corner property has been transformed into a luxury apartment complex Surry Hills Village by developer Toga Group.

The crowning feature of the 122-apartment project is the three-bedroom penthouse, fully completed and just released to market with a $7.5 million price guide.

Measuring 211sqm of internal space, with a 136sqm terrace complete with landscaping, the penthouse is the brand new brainchild of Surry Hills local Adam Haddow, director of architecture at award-winning firm SJB.

Victoria Judge, senior associate and co-interior design lead at SJB says Surry Hills Village sets a new residential benchmark for the southern end of Surry Hills.

“The residential offering is well-appointed, confident, luxe and bohemian. Smart enough to know what makes good living, and cool enough to hold its own amongst design-centric Surry Hills.”

Allan Vidor, managing director of Toga Group, adds that the penthouse is the quintessential jewel in the crown of Surry Hills Village.

“Bringing together a distinct design that draws on the beauty and vibrancy of Sydney; grand spaces and the finest finishes across a significant footprint, located only a stone’s throw away from the exciting cultural hub of Crown St and Surry Hills.”

Created to maximise views of the city skyline and parkland, the top floor apartment has a practical layout including a wide private lobby leading to the main living room, a sleek kitchen featuring Pietra Verde marble and a concealed butler’s pantry Sub-Zero Wolf appliances, full-height Aspen elm joinery panels hiding storage throughout, flamed Saville stone flooring, a powder room, and two car spaces with a personal EV.

All three bedrooms have large wardrobes and ensuites with bathrooms fittings such as freestanding baths, artisan penny tiles, emerald marble surfaces and brushed-nickel accents.

Additional features of the entertainer’s home include leather-bound joinery doors opening to a full wet bar with Sub-Zero wine fridge and Sub-Zero Wolf barbecue.

The Surry Hills Village precinct will open in stages until autumn next year and once complete, Wunderlich Lane will be home to a collection of 25 restaurants and bars plus wellness and boutique retail. The EVE Hotel Sydney will open later in 2024, offering guests an immersive experience in the precinct’s art, culture, and culinary offerings.

 

The Surry Hills Village penthouse on Baptist is now finished and ready to move into with marketing through Toga Group and inquiries to 1800 554 556.

MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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