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Lanai’s owner snaps up $40 million in housing

  • COURTESY PHOTO
    This old plantation home built in 1935 has 502 square feet of living space and was listed for sale as a tear-down. Ellison bought the home in July for $120,000.
  • COURTESY PHOTO
    Larry Ellison has added to his collection of real estate on Lanai, buying nearly two dozen homes since he bought nearly 98 percent of the island in June 2012. This 1,972-square-foot condominium unit at The Terraces at Manele was bought by Ellison in December for $1.75 million.
  • COURTESY PHOTO
    Ellison bought a plantation-style home built in 1992, left, with 1,374 square feet of living space in November 2012 for $340,000.
  • COURTESY PHOTO
    A custom-built 5,227-square-foot resort home on 1.3 acres at Manele, was sold in November for $4.2 million.

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