Gazillionaire Larry Ellison Lists Mansion at a Loss, Ho-Hum

Don't cry for him Argentina, for the truth is he never visited you anyway. Gazillionaire Larry Ellison has listed his Woodside, Calif., property at $19 million, which is a few million less than he reportedly paid in 2005. Sorry, we're still not crying here; Forbes puts his wealth at about $33 billion, so this is chump change.

Ellison, co-founder and CEO of Oracle, owns multiple homes and while he used this estate to hold his fourth wedding -- a marriage since ended -- he never lived here full time. Nevertheless, it's an awful nice mansion -- if but one of many owned by the flamboyant software king.

The main home on the property is a two-story Colonial with about 5,800 square feet, built in 1968. The gated compound has almost seven acres and loaded with spacious lawns, mighty pretty gardens and lots of equestrian trails. There is a dark-bottom swimming pool rimmed with rock waterfalls and stepping stones across the water. The property has a beach volleyball court, a private guest house and two barns housing nine stalls, each with private turnout. Since Ellison is a major tennis buff -- or at least likes to watch it -- we assume there is a tennis court somewhere here as well.

The most surprising thing for us about this property was to learn it isn't the most expensive place in Woodside. Maybe that's why Ellison, who owns more properties than any one real estate writer can possibly be expected to keep track of, has put it on the market. We know that he has the best house on Malibu's best beach -- an affair built from five contiguous properties he snapped up for a couple of hundred million -- and we know that last spring he bought a San Francisco neighbor's adjacent home for $40 million (heck, can you really put a price tag on having an unobstructed view?). Ellison also had his Atherton, Calif., estate -- the one that he built to replicate a 16th century Japanese tea house -- listed a few years ago for $16 million. Records show he no longer owns it, but offer no clues what it sold for or to whom. And then of course there was his purchase last January of the Porcupine Creek estate in Rancho Mirage for a reported $42.9 million. Nice golf course and all.

We are sure there are other homes -- not to mention the yachts -- but listing them would only raise the question of just how many homes does one actually need. Perhaps it's time to do a real estate purge.

Brent Gullixson of Alain Pinel Realtors and Mary Gullixsen of Unique Homes share the Woodside listing.

Click on the images below to see other Woodside, Calif., homes for sale.

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