fbpx

Elon Musk Sell’s Off Property

June 25, 2020

 

Elon Musk has sold one of the mansions he put up for sale after tweeting that he was selling most of his possessions and would “own no house.”

 

The listing on Zillow, where the 16,251-square-foot Los Angeles home had been listed by owner for $30 million, was removed on June 12. Zillow listed the sale price as $1. However, The Wall Street Journal reported that Musk sold the property to William Ding, the billionaire CEO of Chinese tech firm NetEase, for $29 million.

The Bel Air estate includes seven bedrooms and 11 total bathrooms, according to the former listing. The remodeled home includes lots of space for entertaining, including a pool, fire pit, outdoor dining area and a two-room guest suite. The luxurious home includes high ceilings, a two-story library, a theater and a wine cellar. The master suite includes dual bathrooms and closets. Outside, the 1.67-acre property also includes a lighted tennis court and a fruit orchard.

It appears to have been a good investment for Musk. Property records show he paid $17 million for the home in 2012, and its most recent assessments valued the property at closer to $19 million. The CEO of Tesla and SpaceX has listed three other homes for sale after his public pledge to sell his possessions. The four homes were listed together for $62.5 million.

One of those other properties is located across the street from the sold home. It’s the former home of actor Gene Wilder, and Musk tweeted that there would be a stipulation for whoever buys that particular property: they can’t tear it down and the home cannot lose “its soul.”

Read the full article at Fox Business

150 EL CAMINO DRIVE, BEVERLY HILLS, CA 90212. 310.595.3888 © 2020 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. IF YOUR PROPERTY IS CURRENTLY LISTED WITH ANOTHER REAL ESTATE BROKER, PLEASE DISREGARD THIS OFFER. IT IS NOT OUR INTENTION TO SOLICIT THE OFFERINGS OF OTHER REAL ESTATE BROKERS. WE COOPERATE WITH THEM FULLY. EQUAL HOUSING OPPORTUNITY.

Website Designed and Built by Elimint | Log in