Elon Musk Finds a Buyer for His $32M Estate in Hillsborough, CA
November 16, 2021
Claudine Zap | realtor.com
In June, the tech entrepreneur announced on Twitter that he had decided to let go of “his last remaining house.”
The mansion “just needs to go to a large family who will live there. It’s a special place,” Musk said at the time.
Musk purchased the property in 2017 for $23,364,000. It had recently been rented out for events.
The Tesla CEO, who has reportedly been living in a humble home in Texas that he rents from his SpaceX company, has said he plans to direct all his assets toward his future mission to colonize Mars.
While he’s been wildly successful in business, Musk did hit a few hurdles in selling his Hillsborough home. On his own, he listed the massive estate in June for $37,500,000. He had no luck making a deal, so he turned to the traditional route, engaging listing agents Mary and Brent Gullixson with Compass in October.
The property was relisted with a $5 million reduction, which appears to have enticed a potential buyer.
A “rare opportunity to own one of the largest parcels of land” on the San Francisco peninsula, the 47-acre property offers spectacular views of the San Francisco Bay and city skyline.
Built in 1912, the seven-bedroom, 9.5-bath mansion combines modern updates with vintage luxury.
The “five-star kitchen” was restored and expanded, and the grand living room features restored windows and doors. The library has leather walls and a fireplace, and a sunroom opens out to the patio and pool.
There’s also a dining room and a separate cocktail room for entertaining on a grand scale.
Infrastructure updates include interior sound, fiber-optic cable, and high-end security.
Elon Musk’s mansions
Last year Musk unloaded a quartet of Los Angeles properties, three of them in a Bel-Air cul-de-sac, according to the Los Angeles Times. Click here to read more via latimes.com.
The properties ranged in price from $4.43 million for a single-story 1960s house, to $6.77 million for a 4,000-square-foot, Colonial-style home. The largest of the three, a six-bedroom, seven-bathroom mansion on 1.5 acres, was sold for $29.72 million. On a separate street nearby, the fourth home was sold for $21 million.
Musk, one of the richest men in the world, reportedly had a $100 million property portfolio at one point in time. With the imminent sale of his Hillsborough home, he’ll be even more footloose and fancy-free.
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