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Manalapan, Florida, United ...

Larry Ellison Acquires Single Family Home In Manalapan For $175M
SOLDSingle Family Residence

Larry Ellison Acquires Single Family Home In Manalapan For $175M

Manalapan, Florida, United States

$175,000,000

$2,702/SF

Building Size

64,749 SF

Asset Type

Single Family Residence

Closing

Jun 22, 2022

AI

Larry Ellison has purchased a single-family home in Manalapan for a whopping $175,000,000. The property spans across 64,749 square feet, making the price per square foot approximately $2,703. The transaction took place on June 22, 2022, and the seller was Jim Clark & Kristy Hinze. The deal was facilitated by Lawrence Moens from Lawrence A. Moens Associates.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $175,000,000
  • Square Footage: 64,749
  • Price per Square Foot: $2,703
  • Market: Manalapan

Larry Ellison, the co-founder of Oracle, has made an impressive investment in the real estate market with his purchase of this prestigious single-family home. The acquisition was completed through Lawrence Moens from Lawrence A. Moens Associates, who represented Larry Ellison in the transaction. This high-profile deal showcases the interest of prominent individuals in the luxury real estate sector.

Players

Lawrence Moens

Broker

$2.4B

vol

64 deals

Broker

Larry Ellison

Oracle

Buyer

$763M

vol

9 deals

Buyer

Jim Clark

Seller

$205.1M

vol

2 deals

Seller

Lantana Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.09%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93