Newport’s Seacliff property sold for $11M to Oracle founder Ellison

THE SEACLIFF PROPERTY at 562 Bellevue Ave., Newport, was sold to a California-based LLC controlled by Larry Ellison, founder of software company Oracle, for $11 million on Jan. 31, according to city records. / COURTESY CITY OF NEWPORT
THE SEACLIFF PROPERTY at 562 Bellevue Ave., Newport, was sold to a California-based LLC controlled by Larry Ellison, founder of software company Oracle, for $11 million on Jan. 31, according to city records. / COURTESY CITY OF NEWPORT
NEWPORT – An early 20th-century home along the city’s Cliff Walk was sold at the end of January for $11 million. Based on published reports as well as discussions with Realtors in the area and an examination of Newport records, the buyer is Oracle founder Larry Ellison, who first started buying real estate in Newport…

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