Larry Ellison is continuing his domination of Malibu beachfront real estate ... scooping up his 12th property in the area for an astounding $38 million. Ellison -- the billionaire co-founder of Oracle -- just bought the 7-bedroom, 8-bath home from movie producer Joel Silver. Silver originally listed the home for $52 million ... so technically, Ellison got it at a great deal. Larry's become a Malibu real estate mogul, buying his first Carbon Beach property back in 2002. The new pad's main house features 5,600 square feet of living space ... there's also a detached guest house with 2 bedrooms and 2 bathrooms. Ellison was repped by Kurt Rappaport and Judy Feder sold the home.
/// For more information about Venice Real Estate and Venice CA sales, contact Venice Realtors David Bramante, Jos Viramontes, and Kayla Horwat at Beach Canyon in Silicon Beach, CA. Our Venice Beach real estate team specializes in Venice Los Angeles Realty, helping its clients sell, buy and invest in residential and commercial properties. ///
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