Larry Ellison Buys Malibu Home From Terry Semel
Oracle CEO Larry Ellison has bought a home from former Yahoo! CEO Terry Semel in Malibu. Semel sold his home on Carbon Beach to Ellison. Ellison owns a number of homes on the beachfront already so this adds to it.
The sales price was $36,943,890, which makes it the most expensive real estate transaction this year in Malibu according to the LA Times. The home was originally priced at $50 million according to Realtor.com. The home includes a 3 quarter acre lot and 3 structures including the house, a large guest house, and a screened room. The house has 9 bedrooms, 13 bathrooms, and is around 10,317 square beat. The beach front is around 151 feet. Below is a gallery of photos for you to check out: