The Channel logo

News

By | Chris Mellor 25th October 2011 15:00

Larry Ellison takes a bath on San Fran mansion

A four million-dollar bath

Oracle boss Larry Ellison is set to lose $4m on a Bay Area property in Woodside, south of San Francisco.

The Real Estalker reports that Ellison spent $23m in November 2005 to buy two properties a mile away from his main Japanese-style country estate and quite near to Redwood Shores and the Oracle HQ.

1 Turkey Farm Lane

1 Turkey Farm Lane, Woodside, California.

The two comprise 6.88 acres and include a four-bedroom, three-bathroom, colonial style house, two five-stall barns and swimming pool. The properties were bought apparently to house Ellison's horses. The combined property was put on the market in the summer at an asking price of $19m. That's $4m down without accounting for real estate agency fees and other property transfer costs.

Going by the photos in the Real Estalker report the property is a turkey, almost literally as its address is 1, Turkey Farm Lane which is described as an "Exclusive equestrian estate comprised of two parcels."

The WSJ reports that Ellison has a huge amount of money invested in properties, and lists properties in Malibu, Newport RI, Rancho Mirage in California and Lake Tahoe on the California-Nevada border. He also has a property in Kyoto, according to the Journal. Mortgages are no problem as Forbes suggests the big E has a net worth of $33bn.

Interested parties should apply to Brent Gullixson of Alain Pinel Realtors or Mary S Gullixsen of Unique Homes. ®

comment icon Read 25 comments on this article alert Send corrections

Opinion

Lightning

Jack Clark

Just as Jeff Bezos did to books and CDs, Amazon's rivals are now doing to it
Microsoft CEO Satya Nadella
ARA_LIbertad

Chris Mellor

Elliott Management sinks its teeth into retiring godhead

Features

Failure to crack next-gen semiconductors threatens to set back humanity
SMEs get lip service - what they need is dinner at the Club
SAP Match Insights
Vorsprung durch grossendatatechnik, as we like to say in Germany
Inside the Google Lab where surgeons prepare the human/dog experiment
Big Blue exec tells El Reg what to keep an eye on