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Ellison estate hits the market
The Oracle chief put his Japanese-inspired estate on the market for $25M, samurai sold separately.
May 9, 2005: 2:34 PM EDT
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NEW YORK (CNN/Money) - Oracle Chief Executive Larry Ellison recently put his Japanese-inspired Atherton estate on the market for $25 million, according to the San Jose Mercury News.

The 8,000-square-foot, seven-bedroom house on the peninsula between the San Francisco Bay and the Pacific Ocean sits on nearly three acres.

"I think it's a very fair price because of the value of the land, the location . . . and the house has good karma,'' Mary Gullixson of Alain Pinel Realtors, who is listing the property, told the paper.

"A lot of people think, 'Who's going to look at it?''' Gullixson said. But, according to the report, she has shown the gated property to 12 prospective buyers since it was listed in March -- all of them "very, very well-qualified'' to make the purchase.

Ellison, who bought the property in 1987 for more than $6 million and has meticulously renovated the house and landscaped the gardens, the paper said.

See a photo gallery of Ellison's estate

According to the report, the house has white oak floors and Alaskan cedar woodwork details. Rooms are separated by sliding shoji screen doors and the powder room near the kitchen has granite floors and custom bronze doorknobs.

Almost every room has a view of the koi pond, the backyard waterfall or the swimming pool designed to look like a natural lake.

Japanese art and rare historical objects from the database software mogul's own collection are displayed throughout the house, including samurai helmets and armor, sculptures, handpainted screens and wooden cabinets.

A few personal items also remain in the house including children's portraits and magazine covers with Ellison's picture, starting with a 1989 issue of Microtimes, according to the paper.

Outside, there is a clay tennis court bordered by a wisteria-covered arbor and an authentic Japanese tea house with a soaking tub.

Ellison is currently living in a 23-acre compound in Woodside, Gullixson said. Last year, according to San Mateo County public records, its assessed value was about $79 million.

Ellison is one of the richest men in America, according to Forbes magazine's annual list of the 400 richest Americans, click here for more.  Top of page

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