Table Of Content

Musk sold his last house for $30 million in 2021 after he said he'd begun renting a house in Texas from SpaceX that cost $50,000. After selling much of his real estate portfolio in the past year and listing his final property earlier this month to focus on his mission to Mars, the Tesla and SpaceX CEO is taking the phrase “Live below your means” to another level. Musk announced publicly last year that he was selling almost all of his physical possessions to simplify his life and would own no property or houses, and he's been selling properties since. Boxabl makes 20 feet x 20 feet foldable houses, called “Boxable Casita,” set up like studio apartments.

Want to stay up to date with boxabl?
It follows a pledge that he made in 2020 to sell the vast majority of his possessions. Musk began unloading his real estate portfolio last summer after revealing he would give up all tangible assets to focus on his mission to Mars. The Wall Street Journal reported Wednesday that Musk is staying at the $17.9 million mansion that belongs to Ken Howery, PayPal cofounder and former U.S. ambassador to Sweden. The paper said Musk was interested in buying jewelry designer Kendra Scott's home, but missed appointments to see the house.
Alerts and Newsletters
Elon Musk reportedly sold the home in June 2020 for $29 million to Chinese billionaire William Ding. Elon also shared that he had converted the space into a three-bedroom home after converting the garage into a third bedroom. 'It used to be a two-bedroom, but I converted the garage into a third bedroom,' and if he is by himself, he finds it is 'fine' to live in. 'When friends come to stay in it, they can't believe I live in this house... From Texas to the west coast, these are the stand-out properties in Elon Musk's real estate history. One of Musk’s distinct properties is the house once owned by the legendary actor Gene Wilder.
See inside Elon Musk's $50,000 house, thanks to this rare photo posted by his biographer
Howery said in a text message to the Wall Street Journal after publication of its story that Musk "does not live at my house, he lives in South Texas." "The WSJ article is false. I don't live there and am not looking to buy a house anywhere," Musk said in a statement to Insider. Instead of maintaining a large property filled with goods, you only have to manage a small home and some essentials that make life enjoyable. Read on for everything you need to know about Elon Musk’s houses, and to learn how you could invest differently or approach the market with a new perspective.
Initially rented in 2010, Musk later acquired the mansion for $17 million, boasting seven bedrooms and thirteen baths. The architecture, marked by a beautiful brick ceiling in the kitchen and a picturesque view of the Bel-Air Country Club, reflects Musk’s taste for grandeur. Musk's current accommodations appear to be less ostentatious than some of his previous houses, where the billionaire had been known to host lavish parties, including a Gatsby-themed event. In 2020, Kanye West, one of Musk's longtime acquaintances, shared a photo from inside one of Musk's houses. The photo showed the two men in what appeared to be a large room in front of a glass wall that encased a life-sized replica of a robot.
Dear Abby: I’m super outgoing, and I find it pathetic that people ignore me
Elon Musk Contemplated Buying A House To Provide Stability For His Family But Deemed Them All Too Expensive So ... - Yahoo Finance
Elon Musk Contemplated Buying A House To Provide Stability For His Family But Deemed Them All Too Expensive So ....
Posted: Tue, 10 Oct 2023 07:00:00 GMT [source]
Overall, Musk has made an estimated profit of $19.2 million on his six home sales over the past year. The uncharacteristic modesty of Elon Musk's $50,000 home is shocking for several reasons, but the public can't help but note that this tiny home costs less than most of his Tesla models. And lest you think a trip to Mars is too expensive for most people, Musk has said he intends for there to be "loans available for those who don't have money" and jobs on the red planet for colonists to pay off their debts.
In addition, Mr. Musk has not presented much of a plan to restore the company’s momentum. After The Wall Street Journal published its report, Musk denied it, according to Business Insider. "The WSJ article is false. I don't live there and am not looking to buy a house anywhere," Musk told Business Insider in an email. The home was originally a two-bedroom property, but Musk said he converted the garage into a third bedroom. He added that he's trying to change the name of the street from Weems Street to Meme Street. Recently, Howery has been traveling the world, leaving his house empty for Musk’s use, the Wall Street Journal reported.
A growing real estate portfolio had fans asking where Elon Musk’s house was. While he could have lived in any of his properties, he took up residence in a boomerang-shaped mansion in Brentwood, Calif. As noted in Money and The Real Deal, he bought four other mansions in the same zip code for $72 million combined, and sold them for a slight profit to luxury real estate developer Ardie Tavangarian.
Where Elon Musk Lives Since He Pledged To Ditch ‘Almost All Physical Possessions’
Musk—who has an estimated net worth of $160.4 billion, per Forbes—announced the news of his humble abode in a tweet last month. “My primary home is literally a ~$50k house in Boca Chica / Starbase that I rent from SpaceX. Now, a recent report by fan blog Teslarati and the New York Post reveals that said house is actually a foldable, prefabricated home made by Boxabl, a housing startup company. The billionaire is also believed to be in the process of building another house for himself in Texas, according to reports from The Wall Street Journal.
Tesla and SpaceX billionaire Elon Musk has been shedding multimillion-dollar properties left and right over the last year. Boxable makes accessory dwelling units (ADUs) that you can set up anywhere that allows them. For $50,000 you get a place to live, but you need to have the land on which to put this house, including utility hookups.
"Traveling one million miles would get Elon Musk 1/34 of the way to Mars, even at its closest point in orbit. One billion would get you there 29 times, but this is just one billion. Musk's current 176 billion in miles would be 5,104 trips." His impressive entrepreneurship and business ventures made him one of the richest men in the world. But despite his incredible wealth, according to the UK's Independent, Musk is living in a house that is worth a modest $50,000. For Musk, getting rid of pricey real estate and Earthly possessions is all part of a grand plan for humanity to eventually colonize Mars, he told Insider in December. The SpaceX founder told Mathias Döpfner, the CEO of Insider's parent company, Axel Springer, that he wants to have as much capital available as possible for a mission to the red planet.