Ellison relists North Palm Beach oceanfront estate for $165 million

$165 million is the asking price for Larry Ellison's roughly 8.4-acre oceanfront estate in North Palm Beach, the Wall Street Journal reported Oct. 2. The Oracle co-founder is relisting the property. Don't read it as a signal on Florida prices: ultra-luxury homes trade rarely and are held for years, so this tests what a single buyer will pay.