Musk and the companies affiliated with him have owned at least seven homes together worth over $ 100 million, mostly in the Los Angeles area.
But in May 2020, Musk tweeted that he planned to relieve this real estate portfolio and promised to “own no house.” He has since moved to Texas, where he reportedly lives in a prefabricated home for $ 50,000.
Source: Insider, Elon Musk / Twitter
But until last year, Musk had an expansive real estate portfolio. He bought his first piece of Bel Air property in late 2012 for $ 17 million after renting the colonial-style mansion for two years and living there with his sons.
Source: Insider, Los Angeles Times
The house has 20,248 square meters of space in different wings and has a total of seven bedrooms. It also has a two-story library.
Source: Variety, The Wall Street Journal
The backyard has a pool …
… and views of the exclusive Bel-Air Country Club. There is also a fitness center and a wine cellar.
Musk reportedly sold the house in June 2020 for $ 29 million. The buyer was Chinese billionaire William Ding, founder and CEO of online gaming company NetEase, The Wall Street Journal reported.
Musk bought a $ 6.75 million house on the same street in October 2013.
Musk used the house as a private school for his children. In a 2015 interview with Vogue, the billionaire’s CEO described it as “like a small schoolhouse on the prairie, except in Bel Air on a golf course.”
Source: Variety, Vogue
Musk put the home on the market for $ 9.5 million in May 2020, but set one condition: Whoever bought Wilder’s property could not tear it down or remove its “soul.”
Musk sold the house in October 2020 for $ 7 million to an LLC managed by screenwriter and producer Elizabeth Hunter, who is married to Wilder’s nephew, Variety reported at the time. Musk may have even lent the couple $ 6.7 million to help pay for the home.
Source: Insider, Variety
In 2015 and 2016, Musk bought two more Bel Air mansions: another ranch house for $ 20 million and an unfinished mansion for $ 24.25 million, respectively.
Source: Variety, Wall Street Journal
Musk had bought another mansion in Los Angeles for $ 4.3 million in July 2015, but apparently did not maintain it well. Neighbors told The Wall Street Journal that it did not appear anyone lived in this house full time.
Source: The Wall Street Journal
Two years later, Musk reportedly bought another mansion in the same area. The property – a two-story colonial-style house built with a white brick facade – is estimated to be worth $ 4.2 million. These four homes were listed for a total of $ 62.5 million on Zillow in May 2020 and sold about six months later.
Source: Wall Street Journal, Zillow, Los Angeles Times
But Musk seemed to have trouble relieving the home. He pulled it out of the market more than once, and in October 2021, he reduced the price to $ 32 million. But in November, Musk seemed to find a buyer for the home, even though the offer is listed as “conditional,” meaning Musk is still negotiating the terms of the sale.
Source: SFGate, The Real Deal, Insider
Taylor Nicole Rogers contributed to an earlier version of this story.