Tech billionaire Jim Clark sold the property for just over a year after buying it for $94.2 million.




Tech giant Larry Ellison was the buyer of the most expensive property ever sold in Florida, where a massive 62,200-square-foot complex was purchased for $173 million, according to public records released Thursday.

Mr Ellison, 77, co-founder of software company Oracle, bought the 16-acre property on Barrier Island in Manalaban, just south of Palm Beach, in an off-market deal through a limited liability company registered at the address of his foundation, public records show.
the seller turned into every other tech billionaire, Jim Clark, the 78-year-antique founding father of several Silicon Valley businesses consisting of Netscape, in line with the Wall street journal, which pronounced the sale closing week, earlier than facts approximately the very last sale fee and purchaser had been available.

Mr. Clark and his wife Christie bought the house last March for $94.2 million, according to records with Property Shark. Mr Ellison's price was nearly 45% higher than what Mr Clarke paid, although no major changes were made to the estate.

The estate provides about 1,200 feet of oceanfront and about 1,300 feet on the Intracoastal waterway, which stretches over the width of the barrier island on which it is located, the Wall Street Journal reported.
 In addition to the 62,000-square-foot main residence with a coral stone façade, there is a seven-bedroom guest house, two cottages on the beach and a manager's house connected through a series of underground tunnels. There is also a pier, a sports complex, a swimming pool and a three-hole golf course.

The house was previously owned by the Ziff publishing family.

Mr. Clark said buying the house was "an incentive to buy instantaneously," according to the Wall Street Journal. However, he and his wife decided to stay in New York.