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 $79.5 million asking price.
Mr. Ellison could not immediately be reached for comment.
The oceanfront compound has over 520 feet of ocean frontage in the ultra-pricey Seminole Landing neighborhood, according to the listing. Seminole is a gated community with 24-hour security.
The 15,514-square-foot Tuscan-style property has seven bedrooms, a home theater 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.
