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The 15,000-square-foot home has seven bedrooms, 11 bathrooms, a home theater, and a swimming pool.
The estate sits on more than seven acres and has 520 feet of prime ocean frontage.
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Tech billionaire Larry Ellison has paid $80 million for a 15,000-square-foot beachfront mansion in Palm Beach, Florida, The Wall Street Journal first reported.
Douglas Elliman
Ellison said in December that he had moved from California to Lanai, the Hawaiian island he owns.
Oracle's Larry Ellison.
Reuters/Stephen Lam
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At 7.35 acres, his new Palm Beach property is the third-largest oceanfront parcel of land in Palm Beach County, according to the listing.
Douglas Elliman
Built in 1998, the Tuscan-style main home has 15,514 square feet of living space.
Douglas Elliman
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The house has seven bedrooms, 11 bathrooms, and three half-bathrooms.
Douglas Elliman
There's also a VIP guest suite, a home theater, a wine room, chef's kitchen, and a tennis court.
Douglas Elliman
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The swimming pool is surrounded by palm trees and a large private terrace.
Douglas Elliman
Perhaps the most coveted feature of the property is its 520 feet of ocean frontage.
Douglas Elliman
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Ellison's newest home purchase adds to the billionaire's already impressive real-estate collection.