Elon Musk lists another 5 homes for nearly $100M

The SpaceX founder who has amassed a sizeable luxury resi portfolio, now wants to rent

TRD LOS ANGELES /
May.May 15, 2020 10:00 AM
Elon Musk and the properties (Credit: Kevork Djansezian/Getty Images, and Google Maps)
Elon Musk and the properties (Credit: Kevork Djansezian/Getty Images, and Google Maps)

Elon Musk has turbocharged his vision to sell off his many homes, listing four more Bel Air properties and another in the Bay Area for around $100 million.

Earlier this month, the billionaire entrepreneur took to Twitter to say he was “selling almost all physical possessions,” and would “own no house.” At the same time, he put a pair of neighboring Bel Air properties on the market for a combined $40 million.

This week, he added five homes to the list, at a combined $97.5 million price tag, according to the Los Angeles Times. Musk, who became a father on May 4, said during an appearance on Joe Rogan’s podcast last week that he now wants to rent.

The Tesla co-founder recently became eligible to exercise a stock option for 1.69 million shares in the company — worth about $1 billion — but would need $592 million to exercise the option, the Wall Street Journal reported last week. Musk told the Journal that he’s not selling his homes to raise cash, but to “make my life as simple as possible right now.”

The Bel Air homes that just hit the market are grouped as a package, asking $62.5 million. The other is a sprawling 47-acre estate outside San Francisco.

The Bel Air collection includes a 7,000-square-foot modern home on about 3.5 acres and three smaller homes at the end of a nearby cul-de-sac.

Musk built up his L.A. portfolio over several years starting in 2012 with one of the two homes he listed last week. He added the other four between 2013 and 2019.

In February, Morgan Stanley provided Musk $61 million in mortgages on four Bel Air homes and the Bay Area estate. That property is in Hillsborough, anchored by a 10-bedroom mansion built in 1916. The grounds include landscaped gardens and hiking trails, according to the Times. [LAT]Dennis Lynch


Related Articles

arrow_forward_ios
Ed McMahon and his Beverly Hills and Bel Air homes (Credit: Christa Chapman via Flickr, Redfin)

As LA luxury market heats back up, Ed McMahon’s former homes list

As LA luxury market heats back up, Ed McMahon’s former homes list
Ex-Clipper Chris Paul (Credit: Slaven Vlasic/Getty Images)

Ex-Clipper Chris Paul hustles back into LA luxury real estate

Ex-Clipper Chris Paul hustles back into LA luxury real estate
Elon Musk and the two homes (Credit: Google Maps and Jörg Carstensen/picture alliance via Getty Images)

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

Elon Musk lists Bel Air properties after tweeting: “Will own no house”
Prince Harry and Meghan Markle (Credit: Chris Jackson/Getty Images)

Harry and Meghan on the hunt for a mansion in the hills

Harry and Meghan on the hunt for a mansion in the hills
Bill and Melinda Gates and the home (Credit: Frederic Stevens/Getty Images, and Google Maps)

Bill and Melinda Gates pick up $43M beachfront mansion

Bill and Melinda Gates pick up $43M beachfront mansion
Kevin Garnett and his Malibu property (Credit: Streeter Lecka/Getty Images, and Hilton & Hyland)

Kevin Garnett out of bounds with nonpayment on mansion work, lawsuit alleges

Kevin Garnett out of bounds with nonpayment on mansion work, lawsuit alleges
Anthony Davis (Credit: Zhong Zhi/Getty Images)

Lakers’ Anthony Davis lists West Lake mansion — basketball gym included

Lakers’ Anthony Davis lists West Lake mansion — basketball gym included
Chrissy Teigen and John Legend with the home (Credit: Charley Gallay/Getty Images)

John Legend and Chrissy Teigen buy WeHo spec home

John Legend and Chrissy Teigen buy WeHo spec home
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...