Oracle chief sells Tahoe estate for $20 mil.
The former Lake Tahoe home of billionaire Larry Ellison . Photo/Eric Jarvis
By Candace Taylor, Wall Street Journal
Oracle billionaire Larry Ellison has sold one of his Glenbrook properties for $20.35 million, according to public records.
The sale closed in mid-July and names the buyer as a California-based entity called Residential Property Mgmt LLC.
The property is one of three parcels Ellison had listed together for $28.5 million in 2013 with Jennie Fairchild of Chase International. It contains a 9,242-square foot main house, which Ellison spent three years remodeling, with six bedrooms, eight full baths and one half bath. There is a soundproof screening room, a gym, a billiard room, a library and a sauna. Also on the property is a 1,326-square-foot, two-bedroom, three-bath guest house.
The other two parcels — including a roughly 3,000-square-foot lakefront house and an adjoining vacant lot — are still on the market, priced at $4.15 million, Fairchild said in an email. She declined to discuss the details of the sale.