According to the Wall Street Journal, when Ellison finds a spot he likes, he buys several adjacent properties to reconfigure sprawling compounds. He also buys other non-adjacent properties in those areas.
Ellison - worth an estimated $33 billion - recently listed one of his properties in Woodside, California, for $19 million. The sprawling estate has nearly 6,000 square feet with four bedrooms and 3.5 bathrooms. The main home was designed and built by architects using 16th-century techniques from Japan. For example, the home was built without nails, and a misty fog can envelop the 2.3-acre property with the flip of a switch.
Woodside is a destination for many wealthy residents in moving trucks who are relocating to new posh homes. The average listing price for homes in Woodside for the week ending October 29 was $5.86 million, down 1.1 percent from the previous week, according to Trulia. The median sales price from July to September 2011 was $1.98 million, up 32 percent from the same period the previous year.
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