Former Yahoo CEO Terry Semel sells Malibu compound to Oracle chief Larry Ellison
Selling for $37 million, the three-quarter-acre lot includes three structures.
The beach-front estate Larry Ellison bought contains more than 10,000 square feet of living space. (Nick Springett)
The couple, who had most recently priced their Michael Graves-designed oceanfront compound at $40 million, sold for $36,943,890. The sale is the most expensive so far this year in Malibu.
The three-quarter-acre lot includes three structures. The main house is entered through a three-story rotunda crowned by a skylight. Circular windows and openings throughout the contemporary home lend it a nautical vibe. A copper-roofed screening pavilion doubles as the family den. There is also a two-story guesthouse for a total of nine bedrooms, 13 bathrooms and 10,317 square feet of living space.
A gazebo for outdoor dining sits by the swimming pool and a lawn, which stretches along the 151 feet of beach frontage.
Among Ellison's neighbors in the billionaire's enclave is business magnate and former junk bond king Michael Milken.
In addition to a string of houses on Carbon Beach, Ellison owns commercial property along the sand that includes the Nobu Malibu restaurant.
He inked an estimated $500-million deal earlier this year for 98% of the Hawaiian island of Lanai.
Richard Hilton, Judy Feder and Jeffrey Hyland of Hilton & Hyland were the Semels' listing agents. Hilton represented Ellison in the purchase.
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