Oracle CEO Larry Ellison Buys Malibu Home From Former Yahoo! CEO Terry Semel – Real Estate for Sale in Santa Monica

Posted by admin Posted in Blog

Source: Business Week

From one CEO to another. Oracle CEO Larry Ellison has added another prime property to his already large collection of homes. The billionaire just bought a beachfront Malibu home from former Yahoo! CEO Terry Semel for $ 36,943,890, according to the LA Times. The transaction is the most expensive for Malibu this year but actually was a discount for Ellison. Semel originally listed the home for $ 50 million, recently dropping the price down to $ 40 million.

The 10,000-square-foot home was built in 1992. Designed by Michael Graves, it’s described as a “jewel on Carbon Beach.” Ellison already owns a few other properties on Carbon Beach, aptly nicknamed “Billionaires’ Row.” He also owns a few homes on the other Billionaires’ Row in San Francisco.

Made up of three pavilions, the home features contemporary architecture with enormous windows and skylights designed to take advantage of the ocean views. The home’s 9 bedrooms and 13 baths include a two-story guesthouse.

This isn’t Ellison’s most significant purchase, however. In June, the CEO dropped a whopping $ 500 million in a deal that gives him 98 percent of Hawaii’s tiny island of Lanai.


Zillow Blog – Real Estate Market Stats, Celebrity Real Estate, and Zillow News

, , , , , , , , , , , , , , , , , , , ,

Comments are closed.

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing.

Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).

Date last updated: 4/17/14 1:22 PM PDT

This IDX solution is (c) Diverse Solutions 2014.