"The world's fifth wealthiest man started buying properties in the 400-resident town of Manalapan, Fla. in 2022, and since then has pumped $450 million into two landmark properties, Bloomberg reported. Ellison set a Florida record for the purchase of a $173 million estate spanning 16-acres that includes both beachfront and lakefront property. And in August 2024, he paid $277 million for the town's biggest structure, a 300-plus room hotel, the Eau Palm Beach Resort & Spa, according to Bloomberg."
"The hotel stands on the grounds of the original La Coquille Club, which in the 1950's reportedly hosted the Duke and Duchess of Windsor as well as members of the Ford and Vanderbilt families. In the '80s the original club was razed, but it still exists in name and is part of what is now the Eau Palm Beach hotel. Manalapan property owners can become members of the beach club without paying initiation fees or annual dues, according to the Town of Manalapan's website."
Larry Ellison has invested roughly $450 million in the 400-resident island town of Manalapan, Florida, purchasing a 16-acre, $173 million beachfront and lakefront estate and a 300-plus room hotel, the Eau Palm Beach Resort & Spa, for $277 million. The resort occupies the site of the original La Coquille Club, a midcentury social venue linked to the Duke and Duchess of Windsor and prominent American families; the original club was razed in the 1980s but remains part of the hotel's identity. Town property owners receive beach-club memberships without initiation fees or annual dues. The acquisitions reflect a broader trend of ultra-wealthy buyers concentrating high-value holdings in Florida's exclusive coastal communities.
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