Elon Musk lists Bel Air properties after tweeting: “Will own no house”

The billionaire entrepreneur, who has amassed an extensive LA portfolio, wants to sell neighboring homes for $40M

Elon Musk and the two homes (Credit: Google Maps and Jörg Carstensen/picture alliance via Getty Images)
Elon Musk and the two homes (Credit: Google Maps and Jörg Carstensen/picture alliance via Getty Images)

Imagine no possessions. Elon Musk can.

A week after the dreamer, billionaire iconoclast and Tesla co-founder tweeted his intention to sell off “almost all physical possessions,” Musk appears to be starting with his extensive Los Angeles real estate portfolio.
Musk has listed two neighboring Bel Air homes, asking a combined $40 million, according to Bloomberg. He bought the houses in 2012 and 2013 for a total of $24 million, the first he purchased in the L.A. area.

The larger of the two homes at 10911 Chalon Road was built in 1990 and spans 16,250 square feet. The multi-story home sits on 1.7 acres that includes a tennis court and swimming pool. Musk wants $30 million for the property.

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The smaller property at 10930 Chalon Road is a low-slung mid-century ranch house. The 2,800-square-foot home has five bedrooms and was formerly owned by the actor Gene Wilder, he of “Willy Wonka & the Chocolate Factory.” Shortly after buying it, Musk turned it into a private schoolhouse for his children and their friends.

As part of the tweet Musk sent Friday, he added that he “Will own no house.” But Musk also signaled he wouldn’t sell his home to anyone who plans to knock it down.

Musk owns three other properties in the neighborhood. Early last year, he took out $61 million in mortgages with Morgan Stanley for the four L.A. homes and a fifth in the San Francisco Bay area.

Both Musk’s Boring Company — the high-speed vehicle tunnel manufacturer — and SpaceX are headquartered in L.A.’s South Bay. SpaceX, his aerospace company, regularly uses the Port of Los Angeles to transport rockets. In February, the company restarted discussions with port officials to build a manufacturing facility there. [Bloomberg]Dennis Lynch