Billionaire Larry Ellison expands Manalapan estate with $34M land buy

Oracle founder Larry Ellison closed on his purchase of land next to his Manalapan estate for $34.4 million.  Ellison acquired the 2.2-acre southern portion of the property at 1960 South Ocean Boulevard from developer Stewart Satter. Satter sold the other piece to WeatherTech mogul David MacNeil for $32 million. That deal closed earlier this summer. Satter planned a $285 megamansion on the 4-acre property. Ellison and MacNeil are adding land to their estates with the deals, as part of a trend that’s been dubbed “landmaxxing.”  Douglas Elliman’s Nicholas Malinosky, who represented Satter and Ellison in the latest deal, said that […]

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