Oracle Corp. head Larry Ellison is buying yet another house along Malibu's Carbon Beach. This will be his 10th residential purchase along the coveted stretch of sand called Billionaires' Beach for its wealthy homeowners.
The seller is film and TV producer Jerry Bruckheimer.
The beachfront house, which was not listed for sale, has 70 feet of ocean frontage, three bedrooms, three bathrooms and 2,239 square feet of living space, public records show. The sales price is not known at this time. The assessed value of the property is more than $3.65 million.
Ellison already owns the houses on either side of Bruckheimer's home. Nearby neighbors include entertainment mogul David Geffen, former Dodgers Chief Executive Jamie McCourt and business magnate and former junk bond king Michael Milken.
In addition to the Carbon Beach houses, Ellison owns commercial property along the sand that includes the Nobu Malibu restaurant as well as other Malibu properties.
Ellison, 68, is ranked the third-wealthiest person in the U.S. by Forbes, with a net worth of $41 billion. Known as a real estate trophy hunter, he made an estimated $500-million deal this year to buy 98% of the Hawaiian island of Lanai.
Bruckheimer, 67, is executive producer of the Emmy Award-winning reality competition show "The Amazing Race" (2001-present) and multiple "CSI" series. His film work includes the "Pirates of the Caribbean" movies.
The third of an acre property previously sold in 1987 for $2.4 million.
No real estate agents are involved in the sale.
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