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Billionaire Larry Ellison Shrugs Off Loss on Equestrian Estate

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Location: Woodside, Calif.
Price: $19,000,000
The Skinny: The software billionaire Larry Ellison is best known in real estate circles for his insatiable appetite for high-end properties. According to The Real Estalker, the Oracle chief has spent more than $100M acquiring lakefront property on Lake Tahoe, another $200M on his 23-acre Japanese-style home in Woodside, Calif., and countless millions on additional estates around the world. With some $33B at his disposal, Ellison could probably carry on like this for a lifetime, but, for some reason, has decided to divest himself of a pair of equestrian estates located not far from his main house in Woodside. Purchased in November 2005 for $23M, the properties are listed together for $19M. That Ellison didn't even attempt to recoup his investment demonstrates how casually he can depart with $4M, especially considering the sums he must have plunged into the estate to meet his standards. The buyer of the 6.88-acre horse-friendly property will be getting a columned main house, spacious guest house, a grotto-like swimming pool, and two barns for the horses.
· Oracle's Multi-Bazillionaire Larry Ellison Lists Bay Area Horse Property [The Real Estalker]
· 1 Turkey Farm Lane [Gullixson]