Larry Ellison relists $80M oceanfront estate for $165M after initially planning to tear it down

Ellision's estate is located inside the gated Seminole Landing community and has extensive ocean frontage Chief technology officer of Oracle Larry Ellison is preparing to put his large oceanfront estate in North Palm Beach, Florida, back on the market for $165 million, five years after buying the property for $80 million.The Oracle co-founder bought the 8.4-acre estate in 2021. At the time, he planned to tear down the existing house. More than a year later, the property was offered for sale with an asking price of $145 million, but it did not sell at that price.Now, Ellison is preparing to try again. Listing agents James Kenny and Paul Kaneb of K2 Realty told The Wall Street Journal that the North Palm Beach property will soon be listed for $165 million. The new asking price would make it the highest for a property in North Palm Beach, according to Trader News Central.The estate is located inside the gated Seminole Landing community and has extensive ocean frontage. The property includes a 16,300-square-foot house built in 1991, with seven bedrooms, eight bathrooms and five half-bathrooms. It also has more than 550 feet of water frontage.The 2021 purhcaseEllison purchased the estat...