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
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