Larry Ellison bought eight homes near his Florida mansion, quite purchase made several residents upset, making homeowners association adopt restrictions
Oracle co-founder Larry Ellison has quietly acquired eight residential properties inside a single gated Florida development, spending nearly $10 million to house household staff and private tutors within commuting distance of his primary oceanfront estate, a report has said. The buying spree occurred over a matter of weeks in 2023 across Palm Meadows Estates, a 288-home community in West Boynton Beach located about 30 minutes from Ellison’s landmark Manalapan compound. The buyer’s identity surfaced shortly after, when the 82-year-old tech billionaire toured the neighbourhood with his personal security guards. An LLC tied to Ellison closed on all eight properties across May and June 2023, spending roughly $10 million, according to county real estate filings cited by the publication. Residents report several staff members drive Tesla vehicles, and municipal records indicate building permits were filed to install Tesla Powerwall energy units across all eight homes following the purchase. (Ellison sat on Tesla’s board of directors from 2018 to 2022.) According to Cruz, the Palm Meadows homeowners association enacted new ownership restrictions designed to stop similar bulk purchases.