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, 2021Grey 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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The waterfront residence is one of Port Stephens’ finest homes.

By Kanebridge News
Fri, Aug 12, 2022 2 min

In the coastal township of Salamander Bay — nearby to Port Stephens — comes a unique home crafted to take full advantage of unbroken ocean vistas across three levels.

With one-of-a-kind flair, the stunning 5-bedroom, 3-bathroom, 3-car garage home of 52 Randall Drive Salamander Bay is nestled on a private 577sqm plot, optimised through intelligent design to take advantage of the Port Stephens landscape and lifestyle.

Within the home sees the typically coastal textures of natural oak floor and timber feature walls take hold while stone and tiled adornments add layers of luxury.

The open plan living, kitchen and dining areas incorporate a fireplace and near floor-to-ceiling glass that opens to create a seamless indoor-to-outdoor dining and entertaining space on the home’s top floor.

The heart of this area is the kitchen, centred around a marble-topped island, state-of-the-art European appliances and an attached bar area, with built-in refrigeration, accompanied by a butler’s pantry.

Also here comes a grand outdoor spa, central to the balcony, while another outdoor entertaining area with a pizza oven is found on the middle floor.

Downstairs once again comes a second living space replete with the perfect wine cellar — cooled by the natural rock foundation of the home — offering an array of entertaining options

Of the home’s accommodation comes a private and luxurious master retreat with expansive ocean views, a walk-in wardrobe and an ensuite, here, speckled with grey terrazzo tiling and timber joinery vanities.  A further four bedrooms are found throughout the home along with two family bathrooms rounding out the offering.

Less than a five-minute walk from nearby amenities of shops, restaurants, cafes and beaches the home offers the best of the Port Stephens area.

The listing is with PRD Port Stephens’ Dane Queenan (+61 412 351 819) and Erin Sharp (+61 499 912 311) and is heading to auction;