{"id":5954,"date":"2025-12-22T14:37:41","date_gmt":"2025-12-22T14:37:41","guid":{"rendered":"https:\/\/microvibenews.com\/?p=5954"},"modified":"2025-12-22T14:37:41","modified_gmt":"2025-12-22T14:37:41","slug":"a-450m-investment-by-oracles-larry-ellison-is-luring-the-rich-to-a-town-20-minutes-from-mar-a-lago","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=5954","title":{"rendered":"A $450M investment by Oracle’s Larry Ellison is luring the rich to a town 20 minutes from Mar-a-Lago"},"content":{"rendered":"

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Known for his tech feats as cofounder and chief technology officer of Oracle, in South Florida, Larry Ellison is instead flexing his developer experience as he pours millions of dollars into real estate and helps transform an exclusive island town 20 minutes from Mar-a-Lago into a haven for the mega-rich.<\/p>\n

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The world\u2019s fifth wealthiest man started buying properties in the 400-resident town of Manalapan, Fla. in 2022, and since then has pumped $450 million into two landmark properties, Bloomberg<\/em> reported. Ellison set a Florida record for the purchase of a $173 million estate spanning 16-acres that includes both beachfront and lakefront property. And in August 2024, he paid $277 million for the town\u2019s biggest structure, a 300-plus room hotel, the Eau Palm Beach Resort & Spa, according to Bloomberg<\/em>.<\/p>\n

The hotel stands on the grounds of the original La Coquille Club, which in the 1950\u2019s reportedly hosted the Duke and Duchess of Windsor as well as members of the Ford and Vanderbilt families. In the \u201980s the original club was razed, but it still exists in name and is part of what is now the Eau Palm Beach hotel. Manalapan property owners can become members of the beach club without paying initiation fees or annual dues, according to the Town of Manalapan\u2019s website.<\/p>\n

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The Eau Palm Beach Resort & Spa in Manalapan, Fla.<\/figcaption>

Michele Eve Sandberg\u2014AFP via Getty Images<\/p>\n<\/div>\n

For years, the ultra-rich have increasingly homed in on Florida properties. Amazon founder Jeff Bezos has bought three properties on the Florida island Indian Creek, near Miami. Ken Griffin, the founder and CEO of investment firm Citadel, has also spent an estimated $450 million over the years amassing a 25-acre spread in Palm Beach.<\/p>\n

In Manalapan, several beachfront homes along the same road as Ellison\u2019s property have sold for tens of millions of dollars, according to Zillow. Yet, Manalapan\u2019s mayor John Deese told Fortune<\/em> that the recent high-price purchases as well as Ellison\u2019s investments in the town are more than welcome.<\/p>\n

\u201cManalapan has for many years been one of the highest ranked communities in terms of home sales prices in the United States. The recent sales have just added to the overall success of the real estate market in south Florida. We feel very fortunate that Mr. Ellison and others chose Manalapan for their residential and commercial property investments,\u201d Deese said in an email. <\/p>\n

Ellison\u2019s purchase of the Eau Palm Beach hotel now serves as a prime attraction for high-net-worth potential buyers. Stewart Satter, the local developer of a recently listed $285 million mansion adjacent to Ellison\u2019s property in Manalapan, said Ellison\u2019s plans for the hotel could become a focal point of the area.<\/p>\n

\u201cThe hotel has the potential to be an extraordinary property in the town,\u201d Satter told Bloomberg<\/em>. \u201cAnd Ellison certainly has a reputation for operating some beautiful resorts.\u201d<\/p>\n

Ellison purchased the majority of the Hawaiian island of Lanai in 2012 for an estimated $300 million, and through his company, Pulama Lanai, has remodeled the island\u2019s two Four Seasons resort hotels, and received praise for new, ultra-luxe touches. Among the additions debuted in 2016 at the Four Seasons Resort Lanai were a $21,000 per night \u201cAlii Royal Suite,\u201d as well as grotto-style pools and iPad Air devices in every room to order room service and housekeeping, among other amenities, according to SFGate<\/em>.<\/p>\n

At the Eau Palm Beach Resort & Spa, Ellison has also promised renovations and has installed a pop-up Nobu restaurant on-site, Bloomberg<\/em> reported. Nobu appears to be a favorite of Ellison\u2019s. He and Tesla CEO Elon Musk brought Nvidia CEO Jensen Huang there last year to beg him for more GPUs. Ellison said he picked up the tab.\u00a0<\/p>\n

Another draw of Manalapan and the surrounding areas is the proximity to Mar-a-Lago, President Trump\u2019s \u201cWinter White House,\u201d where he often spends weekends, according to Palm Beach County Commissioner Maria Sachs.\u00a0<\/p>\n

\u201cEvery place in that area is having a moment because of Donald Trump,\u201d Sachs told Bloomberg<\/em>. \u201cYou are so close to Mar-a-Lago, you can get a membership and everyone knows that he\u2019s very public there.\u201d<\/p>\n

A version of this story originally published on\u00a0<\/em>Fortune.com<\/em>\u00a0on March 21, 2025<\/em>.<\/p>\n

More on real estate:<\/h3>\n
    \n
  • In a frozen luxury housing market, buyers are asking to \u2018try before they buy\u2019 and having sleepovers in multimillion-dollar mansions<\/li>\n
  • Gen Z is defiantly \u2018giving up\u2019 on ever owning a home and is spending more than saving, working less, and making risky investments, study shows<\/li>\n
  • A \u2018new era\u2019 in the housing market is about to begin as affordability finally improves \u2018for the first time in a bunch of years,\u2019 economist says<\/li>\n<\/ul>\n<\/div>\n
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    #450M #investment #Oracles #Larry #Ellison #luring #rich #town #minutes #MaraLago<\/p>\n","protected":false},"excerpt":{"rendered":"

    Known for his tech feats as co… <\/p>\n","protected":false},"author":1,"featured_media":5955,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[5309,662,624,5311,625,5306,3616,22,2137,5307,5310,1758,5312,5314,5313,5308,3347,39,3000,81],"_links":{"self":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/5954"}],"collection":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5954"}],"version-history":[{"count":0,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/5954\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/media\/5955"}],"wp:attachment":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}