Oracle cofounder and CTO Larry Ellison has sold his mansion on Billionaire’s Row for $45 million — quietly sneaking in an end-of-the-year sale that wound up being San Francisco’s biggest deal of 2025.
The off-market sale of 2850 Broadway St. was completed Dec. 12, according to city records. The buyer was a Delaware-based LLC that was represented by the local real estate law firm Patterson & O’Neill. The firm did not immediately reply to a request for comment.
The nearly 11,000-square-foot home has a double dose of architectural pedigree, with original 1961 design by William Wurster and a ’90s redesign by Olle Lundberg.
The next-door neighbor is Laurene Powell Jobs, who set a San Francisco record when she paid $71 million for her Pac Heights property at 2840 Broadway St. in 2024.
Ellison was briefly the world’s richest man when Oracle stock spiked in September. | Source: Anna Moneymaker/Getty Images
The sale comes as Ellison and his son David try to enlarge their media empire and outmaneuver rival Netflix by acquiring Warner Bros. with a $108 billion hostile takeover bid, including $40.4 billion personally guaranteed by Ellison. The father-son duo bought Paramount Global over the summer, merging it with the younger Ellison’s Skydance Media, maker of films in the “Top Gun,” “Mission: Impossible,” and “Jack Reacher” franchises.
Ellison is worth about $240 billion, according to Bloomberg, and most of that comes from the value of his Oracle stock. The database software company saw a staggering spike of its stock price in September, briefly making Ellison the world’s richest man, but is now trading only slightly above where it stood at this time last year.
Ellison was not yet a billionaire when he picked up the five-bedroom, six-bathroom Broadway home for $3.9 million in 1990. He enlisted San Francisco-based Lundberg to redesign the work of famed midcentury architect Wurster. Lundberg, who died in October at 71, left his mark on everything from Muni bus shelters to renowned restaurants like Flour + Water to Twitter’s former Market Street headquarters.
Ellison recently spent $300,000 on lighting, power, and HVAC systems. | Source: Amanda Andrade-Rhoades/The Standard
Lundberg’s firm removed from the house a “factory-like grid of opaque glass” and put in a wall of glass and stainless steel to capture the panoramic north-facing views, according to its website. The property has an interior courtyard with a 10,000-pound granite boulder fountain that appears to be suspended in midair and was fabricated by the firm’s design shop. The courtyard’s “checkerboard” of black river rock and baby’s tears ground cover, as well as a row of bamboo, was meant to be a modern take on a traditional Japanese Buddhist garden.
Last year, Ellison spent about $300,000 to update lighting, power, and HVAC systems at the property, according to city permits.
A Japanese-inspired aesthetic can be found at Ellison’s other properties. His primary Bay Area residence is a 45-acre estate in Woodside, modeled after Japanese imperial architecture from the 16th century. He also owns a historic villa on the Nanzen-ji Temple grounds in Kyoto that he plans to turn into a museum for his collection of Japanese art. Stateside, he has other estates at Lake Tahoe; Malibu; Newport, Rhode Island; Palm Beach, Florida; and, famously, almost all of the Hawaiian island of Lanai.
The $45-million sale caps off a late-season real estate recovery in San Francisco, spurred by the growing AI economy and lower interest rates. Agents predict that prices will continue to rise this spring and may soon surpass pandemic-era peaks. The luxury market is especially rabid, with few listings and many impatient buyers. Single-family properties in District 7 — which includes Pacific Heights, Presidio Heights, Cow Hollow, and the Marina — hit a median price of $6 million in 2025, the highest ever, according to Compass.