Elon Musk slashes price on Bay Area mansion by $5.5m to $32m after vowing to rid of possessions

Everything Musk go! Tesla billionaire Elon slashes $5.5m from price of the LAST of his NINE homes he vowed to sell to rid himself of material possessions, with Bay Area mansion now on market for $32m

Elon Musk has slashed the price of his California mansion by $5.5million to $31.99million in an effort to sell his last home and cut ties with the state‘I am selling almost all physical possessions. Will own no house,’ the Tesla Inc CEO tweeted on May 1, 2020The only home standing in his way of that goal is a 16,000-square-foot house located on 47 acres in the Bay Area with seven bedrooms, 10 bathrooms, hydraulic walls and a private pool with city skyline viewsMeanwhile, Musk moved to Texas last year and now rents a 375-square-foot home from SpaceX near the company’s rocket manufacturing plant in AustinThe tiny home is worth $50,000 – less than that of a base Tesla Model S – and is occupied by the third-richest man in the world who has a net work of more than $225billionBefore listing the Bay Area home Musk had gone on a spree the past 13 months, selling six of his properties, as well as one in 2019, for a total of $114million 

Advertisement



<!–

<!–

<!–<!–

<!–

(function (src, d, tag){
var s = d.createElement(tag), prev = d.getElementsByTagName(tag)[0];
s.src = src;
prev.parentNode.insertBefore(s, prev);
}(“https://www.dailymail.co.uk/static/gunther/1.17.0/async_bundle–.js”, document, “script”));
<!–

DM.loadCSS(“https://www.dailymail.co.uk/static/gunther/gunther-2159/video_bundle–.css”);


<!–

Elon Musk has slashed the price of his California mansion by $5.5million to $31.99million as he struggles to sell the last of his remaining properties after vowing to ‘rid himself of all possessions’.

On May 1, 2020, Musk – who has a net worth of more than $225billion – tweeted in response to overwhelming criticism of his wealth: ‘I am selling almost all physical possessions. Will own no house.’ 

Over one year later the 50-year-old Tesla Inc CEO is approaching his goal as he looks to sell his final property, which will also cut all his ties with California. 

Elon Musk has slashed the price of his Bay Area mansion (pictured) located at 891 Crystal Springs Rd in Hillsborough, California, by $5.5million to $31.99million as he struggles to sell the last of his remaining properties after vowing to ‘rid himself of all possessions’

The property boasts a ‘five-star’ kitchen that has been fully restored and has an expanded space for a personal chef

The Zillow listing referred to the 16,000-square-foot home as a ‘legacy property’ and it was built in 1916

There are a total of seven bedrooms and 10 bathrooms in the house, which sits on a 47-acre lot

Musk’s home was not without luxuries and the library has leather walls and a fireplace while the music room features a hydraulic lift to combine the space with the dining room for a sweeping event space

‘Just needs to go to a large family who will live there. It’s a special place,’ he tweeted in June. 

Elon Musk (pictured), 50, tweeted that the last of his properties to be sold is a ‘special place’ and he hopes to sell it to ‘a large family who will live there’

The home spans 16,000 square feet and is located on a 47-acre lot in the Bay Area, according to the Zillow listing.

Located at 891 Crystal Springs Rd in Hillsborough, California, the house, which was built in 1916, also boasts seven bedrooms and 10 bathrooms. 

As expected, Musk’s home was not without luxuries. There is a library complete with leather walls and a fireplace and music room with a hydraulic lift to combine the space with the dining room for a sweeping event space. 

The ‘five-star’ kitchen has also been fully restored and has an expanded space for a personal chef. There’s also private pool with sweeping views of the San Francisco Bay and city skyline.

According to the listing, ‘behind the scenes, upgrades to infrastructure include fiber optic cable under the driveway, high end security system, interior sound system’ and several other restorations. 

The house is also located just 15 minutes to San Francisco International Airport and private jet center, not to mention an on-property reservoir for landscape irrigation. 

Prior to the nearly 15 percent price cut Musk had the house listed for $37.5million.

There is also a private pool in the backyard and an on-property reservoir for landscape irrigation

Behind the scenes, infrastructure upgrades include fiber optic cable under the driveway, a high-end security system and an interior sound system

According to the Zillow listing the grand living room boasts restored floor-to-ceiling windows and doors

There are 10 bathrooms in the home, which include ‘restoration to several of-the-era features’

The home offers sweeping views of San Francisco Bay and the city skyline and is located just 15 minutes away from San Francisco International Airport

In June Musk announced in a tweet that his primary home ‘is literally a ~$50k house in Boca Chica / Starbase that I rent from SpaceX. It’s kinda awesome though’.

He noted that the Bay Area home was only being used as a rental for events.

Musk made the move to Texas in December – 2,066 miles away from his Bay Area home –  after saying the steep housing prices and long commute times in the west coast city was limiting Tesla Inc’s growth.

He announced just last week that the company was officially moving its headquarters to Austin, Texas – where SpaceX developed its new Starship vehicle and Tesla’s new Gigafactory was under construction, according to Bloomberg.

He said that the plant in Texas will closely resemble Tesla’s Shanghai plant, which was built in 11 months and reached high-volume production after a year. 

However, he suggested that potty-mouthed Democratic politician and State Assembly member Lorena Gonzalez inspired him to make the move when she tweeted ‘F*** Elon Musk’ in May of last year. 

Gonzalez also called Musk out for defying California’s state and local Covid-19 mandates, which he violated when he reopened Tesla’s west coast factory during a lockdown.

Musk’s now-permanent dwelling is near the rocket manufacturing plant and costs less than a base Tesla Model S and is a 375-square-foot module home made by the company Boxabl.

It’s set up like a studio apartment with an open floor plan including a living area, kitchen, bedroom and adjacent bathroom. 

Listed by Forbes as the third-richest man in the world, Musk told podcast host Joe Rogan last May: ‘I think possessions kinda weigh you down. And they’re kind of an attack vector. People say, “Hey, billionaire, you got all this stuff.” “Well, now I don’t have the stuff — now what are you gonna do?”‘ 

Before listing the Bay Area home Musk had gone on a spree the past 13 months, selling six of his properties, as well as one in 2019, for a total of $114million

Musk took to Twitter to share his quest to ‘own no house’ and rid of his eight properties in California. Most recently he revealed that he lives in a house near SpaceX’s rocket manufacturing plant in Boca Chica, Texas

Before listing the Bay Area home Musk had gone on a spree the past 13 months, selling six of his properties, as well as one in 2019, for a total of $114million.

He started his sell-off in June 2020, with a 20,200-square-foot mansion in Los Angeles’ Bel Air area that sold for $29million. He purchased it in 2013 for $17million.  

It featured a library, fruit orchard, five-car garage, guest suite, theater and ocean and city views, among many other amenities, according to its Zillow listing. 

Then, in October, Musk sold a home near the mansion that he said was particularly special to him because it formerly belonged to Gene Wilder, best known for playing Willy Wonka in cult 1971 movie Willy Wonka and the Chocolate Factory. 

He also bought the property in 2013 for $6.75million, and sold it to Wilder’s nephew Jordan Walker-Pearlman for $7.2million.

Musk stipulated: ‘It cannot be torn down or lose any of its soul’ and even helped finance the purchase by giving Wilder’s nephew a loan.

Musk, one of the world’s richest men, is living in a tiny prefab house by the company Boxabl on the SpaceX site in Texas, according to reports (Pictured: A Boxabl Casita similar to the one Musk is said to be renting)

The 50-year-old revealed in a tweet that the rented home is worth about $50,000 – less than the cost of a base Tesla Model S (Pictured: A Boxabl Casita similar to the one Musk is said to be renting)

The home is just 375 square feet big (Pictured: A Boxabl Casita similar to the one Musk is said to be renting)

Although small, Musk said his new home, which is located more than 2,000 miles away from his previous properties in California, is ‘kinda awesome’ 

The company’s homes are tiny but stylish, set up like a studio apartment with an open plan living area, kitchen and bedroom, with an adjacent bathroom (Pictured: A Boxabl Casita similar to the one Musk is said to be renting)

In December 2020, Musk sold four neighboring homes in Bel Air for a combined $61.8million. He had told Rogan on a podcast back in 2018 that he only actually lived in one of them and purchased three as privacy buffers.

They included a two-story, six-bed, seven-bath house on Somera Road that went for $29.7million; a two-story, six-bed and eight-bath on Chalon Road for $21million; a two-story, four-bed, five-bath on Somera Road for $6.7million; and a single-story, four-bedroom, four-bath home on Somera Road built in the 1960s that appears to have not been renovated since for $4.4million.   

Before the selling spree, however, Musk sold his first major California property in August 2019.

It was a three-bedroom, three-bath modern house in Brentwood that he initially purchased in 2014 for $3.7million complete with floor-to-ceiling windows and a salt-water pool.

He sold it for $4million, leaving just the Bay Area mansion, which is set apart from the other homes by its geographical location just south of San Francisco.

Musk began his grand sell-off with a 20,200-square-foot mansion in Bel Air (pictured) for $29million in June 2020

Musk also sold this Somera Road colonial house for $6.7million, which was one of four neighboring houses the Tesla Inc CEO owned. He told podcast host Joe Rogan back in 2018 that he only actually lived in one of them and purchased the other three as privacy buffers

This Chalon Road home was another one of the four neighboring homes, which Musk sold for $21million

Musk also sold this Somera Road house for $4.4million. It was built in the 1960s and has apparently not been renovated since 

Before his vow to sell all of his properties, Musk sold this Brentwood house in August 2019 for $4million

As far as his romantic life goes, Musk told Page Six last month that he and singer Grimes have broken up after three years together.

Grimes, real name Claire Elise Boucher, and Musk were initially linked in 2018 and the 33-year-old musician previously expressed that they had met over Twitter after they both made puns regarding the thought experiment Roko’s Basilisk.

Prior to dating Grimes, Musk was married to author Justine Musk from 2000 until 2008, and the pair welcomed a total of six children during their marriage.

The South Africa native then began a long-term relationship with actress Talulah Riley and they were married first from 2010 until 2012 and again from 2013 until their final split in 2016. 

Two years later Grimes and Musk briefly split just months after they met. The pair later reconciled and Grimes was seen accompanying Musk during a business trip to China.

The former couple then spent much of 2019 together and the singer announced that she was pregnant in January of last year, although she did not reveal that the businessman was her child’s father until that March.

On May 4, 2020, Grimes gave birth to a baby boy named X Æ A-12 and a photo of the Tesla CEO holding the child began making rounds over various social media platforms. The youngster’s name is pronounced ‘X asha 12’

The two remained together for about another year before Musk confirmed that the couple had spit, citing that professional obligations as the main reason behind the breakup although they are still cohabiting and focusing on raising their child.

‘We are semi-separated but still love each other, see each other frequently and are on great terms,’ he said.

Musk added: ‘It’s mostly that my work at SpaceX and Tesla requires me to be primarily in Texas or traveling overseas and her work is primarily in LA. She’s staying with me now and Baby X is in the adjacent room.’

Not always perfect: Grimes and Musk previously split after a few months of dating, although they later reconciled. But after having a baby boy together in May of 2020 –  X Æ A-12 – the pair have broken up for good (Pictured: Musk and Grimes at the 2018 Met Gala)

Pictures of Musk with X Æ A-12 began making the rounds on various social media outlets. The billionaire said that he and Grimes are still cohabiting and focused on raising their child

Advertisement
Read more:

Loading

Leave a Reply

Your email address will not be published. Required fields are marked *

Follow by Email
Pinterest
LinkedIn
Share