Oracle’s Multi-Bazillionaire Larry Ellison Lists Bay Area Horse Property

Posted by on Oct 24, 2011 in Beverly Hills, Century City, News, West Hollywood | 0 comments

SELLER: Larry Ellison LOCATION: Woodside, CA PRICE: $19,000,000 SIZE: 5,850 square feet, 4 bedrooms, 3.5 bathrooms YOUR MAMAS NOTES: Listen kittens, Your Mama may not be the sharpest knife in the drawer but we are neither a dumb bell with our fat head stuck in the sand. Like all of the rest of y’all, Your Mama is well aware of the heavy, wet blanket of weltschmerz that’s settled over many and angrily gripped others of the world’s citizenry. At the risk of appearing far more flip than we actually are, we all have a cross to bear through both the best and ugliest of times. Our beast of burden, for better or worse, is the reportage –as it were–of the admittedly unimportant milieu of celebrity real estate. We confess our rather frivolous and superficially focused obsessions sometimes cause us a rash from extreme envy, soaring moments of financial aspiration, a bit of schadenfreude now and then and, yes, sometimes even a brutally paralyzing futility of purpose. Even so, and keeping in mind that one need not dwell 24-7 in the darkness and deficiencies of modern life to maintain a strong engagement with their moral compass, forward we march, our gold sneaker-shod feet following in our well-worn if shallow groove…ing Last week from the always jaw-dropping world of billionaire real estate came the news–or the “news” iffin you’re so inclined to see it that way– that high-tech über-tycoon and residential real estate baller extraordinaire Larry Ellison has over the last few years dropped upwards of $100,000,000 on a trio of non-contiguous multi-parcel properties that ring the sensationally high-priced shoreline of Lake Tahoe. More on that here and later. Mister Ellison, as real estate watchers the globe over well-know, appears frequently in all the real estate gossip columns for his prolific property purchasing ways and obvious penchant for insanely expensive and extraordinarily high-maintenance properties. For many years Mister Ellison–now in his later sixties, deeply suntanned, gym-toned and worth an estimated 33 billion dollars –has made his home base in San Francisco and the Silicon Valley near the mother offices of his hyper successful hard/software company. (That would be data base management juggernaut Oracle in case any of y’all are completely ignorant of who Mister Ellison is.) Down on the peninsula south of San Francisco Mister Ellison owns a couple of super-posh and very pricey estates in Woodside (CA) including a maniacally clipped and manicured 23-ish acre Japanese-style country estate where modern conveniences are all but invisible behind and below the multiple, completely authentic, and painstakingly constructed structures hand-built by artisans and architects well-schooled in 16th century Japanese architecture and building techniques. Por ejemplo, niños, the main house is built entirely without nails but is none-the-less seismically sound to endure a 7.3 earthquake and a Disneyland-like flip of a switch causes a misty fog to develop–Japan-like, it seems–over the 2.3 acre man-made lake around which the compound is built. The house, a serious work of art, really, is rumored and much reported to have cost Mister Ellison an astonishing and tummy twisting $200,000,000-plus to acquire, design, and build. ‘Course that’s small potatoes compared to the (alleged) billion dollar-plus construction costs of Mukesh Ambani’s 570-foot tower mansion in Mumbai . But we digress. In classic multi-billionaire real estate baller style, back in November 2005 Mister Ellison shelled out a not inconsequential $23,000,000 to purchase a pair of adjacent equine-friendly properties located just a bit more than one mile from his giant Japanese compound in Woodside. The two properties encompass 6.88 acres and include a stately, four-columned Colonial style mansion with detached 3-car garage, poolside cabana, detached guest house, two barns and–as can be expected of Mister High Maintenance Real Estate–extensive gardens and various equestrian facilities all of which are protected–we should all assume–a state-of-the-art security system capable of closed-circuit surveillance and grave injury. Unbeknownst to Your Mama until a few days ago, Mister Ellison hoisted his horse farm in Woodside (shown above) on the open market more than three months ago with an asking price of $19,000,000. It does not, children, take a mathematics savant to see that even with a (probably unlikely) full-price sale Mister Ellison faces a financial loss of $4,000,000 not counting carrying costs, renovation and maintenance expenses and real estate fees. Your Mama does not know a trivet from a cheese doodle but we can’t help but ponder if a man of Mister Ellison’s almost unimaginably vast wealth sweats much or at all when faced with the prospect of losing four or five million bucks on a real estate deal. One imagines he would but then again four million dollars is probably not so different for Mister Ellison that four dollars is for Your Mama. This is, after all, a man who until recently owned an five-deck and 82-room boat called the Rising Sun –a god damn ship, really–that according to the Aristocratique cost the high hogger around $13,000,000 per year to staff and maintain. The behemoth boat is now owned by music and media mogul David Geffen, whose estimated $5.5 billion fortune is staggering by any standard but none-the-less a fraction of Mister Ellison’s major mound of money. But we digress again. Current listing information for the Woodside, CA horse farm Mister Ellison has on the market shows the two-story southern Colonial style main mansion, approached via a -shaped gated crushed stone driveway, was built in 1968, measures around 5,850 square feet, and has 4 bedrooms and 3.5 bathrooms. esque staircase with carved wood newel post and intricate iron railing. The formal living room has wood floors with parquetry border and fireplace with cast stone mantelpiece while the banquet hall-sized formal dining room has a coffered ceiling, custom-laid wood floors. Other downstairs spaces, as per marketing materials, include an intimately-scaled library with basket weave patterned marble floor, wood-burning fireplace, paneled walls and built-in cabinetry. French doors open to the flag stone poolside terrace. A fully-equipped butler’s pantry joins the dining room with the center island eat-in kitchen, all perfectly maintained and top-quality but a little dated seeming. The breakfast area opens into a family room with limestone tile floor, unusually coved ceiling, bulky stone fireplace with raised hearth, built-in booze bar with sink and fridge, and French doors that open the broad backyard terrace. Upstairs there are two bedrooms that open to a shared balcony and share one bathroom, a separate guest suite with built-in desk and shelves plus private facility and an expansive master suite that sprawls across one entire wing of the upper floor. A vestibule provides a privacy buffer from the upper hallway to the bowling alley-like bedroom with fireplace, sitting area, and two sets of French doors that open to one of the balconies set into the double-height portico at the front of the mansion. The master suite comes complete with ample closet space that includes a bedroom-sized dressing room and a