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The Real Deal Los Angeles

Elon Musk buys fifth Bel Air property for $24M

The spec house is still in the final stages of construction
March 22, 2017 08:30AM

Elon Musk and his first Bel Air mansion on Chalon Road

He may have yet to colonize Mars, but Elon Musk is certainly conquering Bel Air.

The SpaceX founder bought a still under construction spec house for $24.25 million in an off-market deal, Variety reported. It’s the fifth property he’s purchased in the area in recent years. 

Musk began amassing his collection of homes above the Bel Air Country Club in 2012 with the acquisition of a 1.7-acre estate, for which he paid $17 million. The 20,200-square-foot mansion contains seven bedrooms, seven bathrooms, four half-baths, a two-story library, a 1,000-bottle wine cellar and a home theater.

The following year, the Tesla CEO spent $6.75 million on a 2,700-square-foot ranch-style house next door and converted it into a private school for his kids and the kids of his friends to have a non-traditional education.

In the summer of 2015, he bought two more properties a few houses away — a $20 million contemporary house and a $4.3 million ranch-style home.

The $70.3 million worth of homes are not contiguous, so an assemblage seems unlikely in the short-term.

Musk reportedly does not own property in the Bay Area, despite his interests in Silicon Valley. [Variety]Cathaleen Chen