Where’s Elon? Maybe house-hunting in Texas

Does the SpaceX founder live in a modest rental or an Austin billionaire’s lakeside mansion?

National /
Dec.December 27, 2021 10:30 AM
Tesla and SpaceX founder, Elon Musk (Getty Images, iStock)

Keeping up with celebrity billionaire Elon Musk isn’t easy – especially when it comes to real estate.

While the Tesla and SpaceX founder has said publicly that he lives in a modest rental in Boca Chica, Texas, a recent Wall Street Journal article begs to differ. The newspaper says Musk has been living in the luxurious lake home of billionaire friend and PayPal cofounder Ken Howery in Austin.

Located in the exclusive Watersedge community on Lake Austin, the 8,000-square-foot mansion sold for more than $12 million in 2018, the Journal reported. County records list the owner of the home as Edge Trust U/A/D, and it was valued at $12.6 million last year, according to the Austin American-Statesman.

Musk, whom the WSJ reports is worth about $240 billion, said last year that he had moved to Texas and would be selling “almost all of my physical possessions.” He later tweeted that he was staying in a home valued at less than $50,000 in Boca Chica that he had rented from SpaceX. In December, Tesla moved its headquarters to the Gigafactory it’s building in Austin, the Statesman reported.

In a text message after the WSJ story was published, Howery told the newspaper that the Tesla CEO doesn’t live in the Lake Austin home, although he’d “stayed at the house as my guest occasionally when traveling to Austin.” Howery was US ambassador to Sweden during the latter half of the Trump administration and has been traveling frequently since the end of his term, according to the WSJ story.

The paper also reported that Musk had been looking for a home in the Austin area, sometimes accompanying real estate agents on the search.

After the publication of the WSJ story, Musk told the website Insider: “I don’t live there and am not looking to buy a house anywhere.”

[WSJ, Austin American-Statesman] — Cindy Widner





    Related Articles

    arrow_forward_ios
    CIM Group’s co-founder Shaul Kuba and Zurich Insurance’s CEO of North America Kristof Terryn with the property at 8820 South Sepulveda (Zurich, Google Maps)
    CIM Groups sells apartments near LAX to Swiss investor
    CIM Groups sells apartments near LAX to Swiss investor
    Assemblymember Cristina Garcia (Wikipedia, iStock)
    Golf course housing bill dies on the green
    Golf course housing bill dies on the green
    23826 Malibu Road (Redfin)
    Luxe test case as Malibu listing returns to market with 21 percent hike
    Luxe test case as Malibu listing returns to market with 21 percent hike
    Kanye West, Kim Kardashian and an aerial of the property (Getty, Google Maps)
    Kim Kardashian pays extra for Hidden Hills home abutting her, Kanye’s properties
    Kim Kardashian pays extra for Hidden Hills home abutting her, Kanye’s properties
    Whittier Mayor Kimberly Cobos-Cawthorne with layout of Montebello-Commerce Metrolink Statio tiny home village (Facebook, City of Montebello)
    Whittier opens village of tiny homes for homeless residents
    Whittier opens village of tiny homes for homeless residents
    Westmont's Andy Plant and Westmont Village Westmont Living, iStock)
    Senior community nixes industrial development for more residential
    Senior community nixes industrial development for more residential
    A photo illustration of 3620 Ocean Boulevard in Newport Beach's Corona Del Mar enclave (Toby Ponnay, iStock)
    Listing puts Corona del Mar mansion in OC’s $20M+ club
    Listing puts Corona del Mar mansion in OC’s $20M+ club
    FivePoint Holdings' Dan Hedigan (Fivepoints, Ranch on the River)
    FivePoint slashes workforce 29%, posts $37M loss
    FivePoint slashes workforce 29%, posts $37M loss
    arrow_forward_ios

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

    Loading...