Money & Company

Tracking the market and economic trends
that shape your finances.

« Previous Post | Money & Company Home | Next Post »

Hot Property: Larry Ellison buys Rancho Mirage golf course estate

Edra Blixsethhome saleLarry EllisonOracleRancho Mirage

Porcupine creek 
Billionaire Larry Ellison has bought the Rancho Mirage estate of Edra Blixseth.

Most recently listed at $55 million, the purchase price was $42.9 million, according to the Desert Sun.

Called Porcupine Creek, the 249-acre desert property includes a Mediterranean-style villa, a private 19-hole golf course (with that extra hole available for playoffs), a swimming pool and four guesthouses. There is a driving range, clubhouse, lakes and views of the mountains and valley floors.

Interior features of the 18,430-square-foot main residence include painted domes, wall murals, antique stained glass, a sunken great room with a baronial fireplace, and a game room bar with old-fashioned beer taps.

In addition to the four guesthouses of 1,860 square feet each, there are four 600-square-foot casitas. The property originally came on the market last year at $75 million.

The golf course trophy property was constructed between 2000 and 2004 by timber moguls Tim and Edra Blixseth, who have since divorced. The sale was subject to Bankruptcy Court approval in Montana.

Ellison, founder and chief executive of Oracle Corp., is the world's six-richest person, according to Forbes. He also owns the nearby Indian Wells Tennis Garden.

Rick Hilton, Jeffrey Hyland and  Barbara Duskin of Hilton & Hyland, an affiliate of Christie's International Real Estate, in Beverly Hills, had the listing, the Multiple Listing Service shows.

-- Lauren Beale

Thoughts? Comments?

Photo: The golf course estate includes a 19th hole for playoffs. Credit: John Henebry

 
Comments  ()

Connect

Recommended on Facebook


Advertisement

In Case You Missed It...

Video




Categories


Archives