Architects Walter Danforth Bliss and William Baker Faville, otherwise known as Bliss & Faville, the architects who built the St. Francis Hotel and the Richmond Library, designed this home. So, why is Musk's home search so secretive? He shared his one condition on selling the gorgeous property: 'Just one stipulation on sale: I own Gene Wilder's old house. Stay up to date with what you want to know. Read more: The world's most prominent real-estate investor reveals what he would do with $100,000 and it's something he thinks most people should be doing with their money, too. We've received your submission. Under the Rule 10b5-1 trading plan set up in September, he has exercised stock options that expire next year and sold a portion of the stocks to pay taxes, according to Tesla filings. Maybe it was intended to be a vacation home. Vernon Unsworth, who helped rescue 12 boys trapped in a Thai cave last year, is . On Sunday, Musk announced on Twitter that he would pay more than $11 billion in taxes this year. By clicking Sign up, you agree to receive marketing emails from Insider The property located near Tesla headquarters, is a 100-year-old mansion with a value of $27.2 million, which was previously owned for 150 years by the same family, featuring a ballroom, flower-arranging room, staff wing, and pavilion with 18th century Chinese wallpaper all situated in a treelined estate with manicured gardens and large front driveway, the Journal said. Other homes in the Musk collection reportedly include a $20 million six-bedroom house with eight bathrooms, a $4.9 million with four-bedrooms, a $27.3 million six-bedroom home made up of geometric . Real Estate | Elon Musk has sold all seven of his homes in California for $128million after vowing to "own no house", according to US media reports. Or until he figures that renting a multimillion-dollar home is very similar to owning a multimillion-dollar home. Dear Abby: My wife said she doesn't like it, but it's part of my life, Harriette Cole: I don't want the neighbor's kids at my house, Ask Amy: I feel guilty for not speaking up about my co-worker's activities, Ask Amy: I'm your cabin housekeeper, and you apparently have no idea what I do. Is Mark Cuban married? Larry Ellison, pictured here, served as a director at Apple at a critical time for that company in the five years after Steve Jobs returned to the helm of the then struggling computer maker in 1997, helping oversee one the greatest turnarounds in corporate history, Ellison'sproperty on the Pacific Coast Highway overlooks a long stretch of sand on Carbon Beach, one of Ellison's two dozen properties on the coast, Ellison once defended Musk in an interview saying: 'You're telling me he's an idiot. Why should I believe you, as opposed to my friend Elon? Boxabls founders aim to help significantly lower the cost of homeownership for all, though of course, you still need land and utility hookups. A fresh take on sports: the biggest news and most entertaining lists. The mogul also dedicated a room for entertainment purposes. Elon Musk may be the world's second richest man, with a personal fortune of $185bn, but that does not stop him from living in a $50,000 house. The 47-acre property represents "one of the largest parcels of land" in San Francisco and dates back to about 1912, according to the old listing on Redfin. He Doesn't Talk About the Austin Mansion. BILLIONAIRE Elon Musk has finally sold the last home he owns as he raises fund to build a colony on Mars. Musks Casita, which has reportedly received an upgrade package putting its total cost a few thousand dollars over the list price of $49,500, is set to be the first of many produced by Boxabl. (Zillow; Associated Press), SELLER: Elon Musk BUYER: Jordan Walker-Pearlman, Elizabeth Hunter | LOCATION: Bel Air, Los Angeles, Calif. | PRICE: $7 million | 'Why would you put a friend (on the board) if the idea of the two independent directors were to be objective,' Elson said. He spends time there with his children or by himself to watch movies, plays video games to help him de-stress. Musk paid $6.4 million for this white Colonial home in a Bel Air cul-de-sac on Somera Road next to his other properties, 958 Somera Road, sold in December 2020 for $6,774,500. Musk said that despite his hectic schedule, he tries to work out twice a week. The prospective buyer might be a developer, since it's unlikely that one person would want four separate houses that still have neighbors. For Musk, getting rid of pricey real estate and Earthly possessions is all part of a grand plan for humanity to eventually colonize Mars, he told Insider in December. Homeless billionaire Elon Musk was pictured outside of one of close friend Larry Ellison's Malibu mansions on Thursday. July 10, 2018; MAE SAI, Thailand As the world watched rescuers struggle to save 12 boys and their soccer coach trapped in a cave . The world's richest man, who said last year that he was selling physical possessions, has been . 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We are no longer accepting comments on this article. Copyright 2023 IBTimes LLC. Musk bought the home in 2017 for $23.4 million, according to public records. The house has a cool history behind it and looks amazing. Scott Adams faces 'consequence culture' as U.S. newspapers drop Dilbert, Tom Cruise's 'ditching' of Suri showcased by Judd Apatow's 'co-parenting' joke, ex-Scientology exec says. Musk, the CEO of Tesla and SpaceX, famously declared last year that he would 'own no house' and went on to sell off his nine California mansions for a total of $144 million, Howery disputed that Musk was living in his waterfront mansion in Austin, telling the Wall Street Journal in a text: 'Elon does not live at my home, he lives in South Texas. Records indicate Musk bought it for $6.4 million in early 2019. The stunning San Francisco mansion sold for $30million (22.7million). The Prestigious school where Princes William and Harry were educated is EPHRAIM HARDCASTLE: Prince William's potentially awkward visit to homelessness charity. Musk's Bel Air mansion was purchased by tech billionaire William Ding, according to the Wall Street Journal, for a whopping $29 million. The SpaceX and Tesla owner is worth over $200 billion. The Tesla CEO, 48, who made the bulk of his fortune after co-fo 'Investors who were hoping for two newly objective directors who could stand up to Mr. Musk would be rather disappointed by the choice.'. Published: 22:22 GMT, 26 August 2022 | Updated: 20:27 GMT, 28 August 2022. Really? as well as other partner offers and accept our. Tech billionaire Elon Musk has hauled in a combined $62 million for four nearby homes in Bel-Air. Sign up for notifications from Insider! The kitchen is large, with a brick ceiling and a large island. At Area, X, Musk manages the advancement of rockets and spacecraft for objectives to Earth orbit and ultimately to other worlds. The listing for the 16,000 square-foot, 100-year-old mansion in . The tech billionaire ended 2020 . Musk's assertion Wednesday that he is not bunking with his longtime friend came after the billionaire businessman declared that he is 'almost done' with stock sales, after posing a much publicized poll on Twitter in November, asking followers if he should shill 10 percent of his $250 billion stake in the company he founded to pay President Joe Biden's proposed 'billionaire's tax' - a controversial new tax that would affect approximately 700 of America's wealthiest citizens. Buyers, Regulator Censures Credit Suisse For Greensill Blunders, Delta Pilots Ratify New Contract, Raise 'The Bar' For Rival Airlines, Canned Shrimp Product Sold In 4 States Recalled Over Possible Health Risk. The house itself is invisible from the street, hidden behind a dense wall of tall privet hedges and overgrown ivy. Set on remote mudflats at the states southern tip, Starbase has become a point of contention for locals and bird lovers due to its bright lights, noise, and proximity to sensitive nesting areas for migratory shorebirds like plovers and red knots. A portion of Elon Musks wealth seems to be invested in real estate as the Tesla (TSLA) and SpaceX CEO has reportedly spent about $100 million on a series of homes in California since 2012. Sign up for notifications from Insider! It's kinda awesome though,' he wrote in early June. The house, which Musk sold in December for an estimated $30 million, is 16,000 square feet and has seven bedrooms, 9.5 bathrooms, and a pool. It's unclear if Musk was staying Ellison's home. Like all of the other homes listed here, Musk is selling them himself. Granted, he wasn't talking aboutphysical moats, but still. It's difficult to quantify what "soul" means, but Musk clearly thinks this property is worth preserving. Previously:Tesla CEO Elon Musk sells $1.1 billion in Tesla shares to pay taxes According to Travis Central Appraisal District property records, the owner of the mansion is Edge Trust U/A/D, and it . Photos: An upscale Flintstone House? This 20,248-square-foot home is divided into different wings. In December 2018, Ellison, the founder of Oracle, was appointed to the board of Tesla. Stay up to date with what you want to know. Musk never resided in the house but used it as a private school for his children and some children from Tesla and SpaceX's higher-level employees. Published: 16:49 GMT, 23 December 2021 | Updated: 18:42 GMT, 23 December 2021. The property features a pool, tennis court, and gorgeous landscaping. Secretly, though, according to The Journal, Musk has been spending much of his time in Howery's mansion - alavish, 8,000-square-foot property that sits on the Colorado River in a gated neighborhood. Some speculated that he was motivated to sell his properties in order to raise cash to exercise stock options that will expire next August. If I travel to the Bay Area, which is where most of Teslas engineering is, I basically rotate through friends spare bedrooms', In the same interview, Musk said that he doesn't even take vacations. Leer en Espaol. Only house I own is the events house in the Bay Area. Initially listed for a whopping $37,500,000, the sprawling home finally sold in December 2021 for $30 million after undergoing a 15% price cut which brought the asking price down a peg, to $31.99 million. Records suggest he lent them as much as $6.7 million to finance the Wilder house purchase. Introducing Trapped in Elon's Mansion. News on all your favorite celebs, reality TV, and movies. The mansion was built in 1990 and has nearly floor-to-ceiling windows in the dining area. The mansion last sold for more than $12 million in 2018, breaking a record for Austin, but would now be worth several times that in the city's booming real estate market, experts say. The total cost he has spent on his luxurious mansions adds up to $72 million. The home is accessed via this very cool, vine-and-ivy-covered gate which looks like it's been there for over 100 years. The world's second-richest man is living in a rented home that costs about $50,000. So why would Musk decide to just offload all of his houses? Four months ago, Musk sold his largest Bel Air mansion to Chinese billionaire William Ding Lei for $29 million in cash. Elon Musk vehemently denied reports Wednesday that he is secretly living in a $12 million mansion in Austin despite his previous claims that he lives in an unassuming, 375-square-foot 'Tiny House' just outside the Texas city, The 50-year-old previously touted the $50k prefab property 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), Musk had gone on a spree over the past year, selling several of his properties, as well as one in 2019, for a total of $144million, Howery, 46, also disputed the report and told the Journal in a text message:'Elon does not live at my home, he lives in South Texas. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. 'There are still a few tranches left, but almost done,' he tweeted later. Elon Musk buys 007's underwater car, and wants to make it work. Records say this four-bedroom, 3,000-square-foot ranch sold for $4.3 million in 2015. The 48-year-old billionaire had listed the Bel Air property for $30 million early last month after pledging that he will own no house. The 16,000-square-foot mansion has six bedrooms, 11 baths, and is complete with a tennis court and a two-story library. The 16,000-square foot property boasts a 'five-star' kitchen that has been fully restored and has an expanded space for a personal chef. In 2020, he said in an interview with the New York Times that he was staying with a variety of friends after selling his $29 million mega mansion in Los Angeles. Musk's personal wealth skyrocketed an extra $10.6 . The home features a long black-and-white checkered hallway/gallery, with a row of floor-to-ceiling French doors with ornamental windows. Thats $250,000 more than he paid for the property in 2013, a profit that quickly evaporates once taxes and seven years of upkeep costs are factored into the equation. Related Articles Musk picked this up for $24.25 million in September 2016. Elon Musk - the richest person in the world - says he doesn't own his own house right now. Real Estate | Article continues below advertisement. If I sold it, the house would see less use, unless bought by a big family, which might happen some day.'. The house, which Musk sold in December for an estimated $30 million, is 16,000 square feet and has seven bedrooms, 9.5 bathrooms, and a pool. Photos: Modest 1,300-square-foot San Jose home sells for $2 million despite Bay Areas falling home prices SpaceX founder and Tesla CEO Elon Musk has sold a sprawling Los Angeles mansion for $29 million making an initial step toward a pledge to rid himself of his earthly possessions. 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. Elon Musk brought his new lifesaving mini-submarine to Thailand to help save 13 people trapped inside a cave, but rescuers didn't use it. The Tesla and SpaceX mogul has in the past said he does not own the mega mansion you'd expect . However, the Wall Street Journal has recently found . . Rumors suggest investors and . It also has guest quarters as well. Out front, the house includes a motor court with a five-car garage. Miss Manners: I shouldn't call because the phone scares people? We may earn commission on some of the items you choose to buy. Elon Musk joked that he once lived in a "haunted mansion" and reminisced about elaborate parties he's thrown during a podcast earlier this August. The comments below have not been moderated. The master bedroom is carpeted and features a large sitting area with fireplace, where we presume Elon Musk has tweeted memes and insults. At Area, X, Musk sold his largest Bel Air mansion Chinese... 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