Chuck Esserman Bought Larry Ellison’s Former Mansion
The San Francisco mansion at 2850 Broadway sold for $45 million in an off-market deal in December 2025.
Updated on Sept. 27, 2026 in Residential
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Chuck Esserman acquired the 10,742-square-foot Pacific Heights mansion formerly owned by Larry Ellison for $45 million. The deal for the property, which originally saw Ellison purchase it in 1988 for $3.9 million, closed as an off-market transaction in December 2025.
Why it matters
The sale highlights the continued high demand for ultra-luxury real estate in San Francisco’s Billionaires Row. It represents a significant transfer of property between major business figures in one of the city's most exclusive neighborhoods.
The home spans 10,742 square feet and features five bedrooms and six bathrooms. It was originally designed by architect William Wurster in 1958.
The players
Chuck Esserman
He is the CEO of TSG Consumer Partners and a prominent collector of luxury real estate.
Larry Ellison
He is the co-founder and chairman of Oracle who owned the property for several decades.
Laurene Powell Jobs
She is a businesswoman and philanthropist who purchased the neighboring property in 2024.
The details
The property was transferred without a public listing as an off-market deal. It is situated in the Pacific Heights neighborhood and sits near a home purchased by Laurene Powell Jobs for $71 million in 2024.
Timeline
Architect William Wurster designed the home in 1958.
Larry Ellison purchased the property for $3.9 million in 1988.
Chuck Esserman bought Peter Thiel’s former home in 2018.
Chuck Esserman purchased a Las Vegas mansion for $30 million in 2023.
The deal for the San Francisco mansion closed in December 2025.
Culture Shift
This purchase follows the market pattern set by the 2024 acquisition of the neighboring Pacific Heights property by Laurene Powell Jobs. It underscores a trend of high-net-worth individuals consolidating real estate holdings within San Francisco’s most exclusive enclave.
The transaction reflects the ongoing value of Pacific Heights real estate despite fluctuations in the wider market. It highlights how private, off-market deals continue to dominate the local high-end housing sector.
The takeaway
This transaction confirms the enduring status of Billionaires Row as a focal point for elite real estate investment. Prospective buyers in the area should note that many significant properties remain accessible only through private, off-market channels.
Further reading
For more on high-end property trends, browse Residential listings and analysis.
Source note: This article includes information reported by The Times of India.
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