Zillow – Elon Musk takes $37.5 million house off the market
Elon Musk, the CEO of Tesla and a tech billionaire, announced last year that he was selling all of his physical belongings. It was to focus solely on the colonization of Mars. This statement almost came true. But on September 11, 2021, Musk took his $37.5-million house off the market. It was back-pedaled. To be sure, the software mogul was on the verge of liquidating his $100 million real-estate holdings.
Musk revealed in June that he had sold all of his homes except for the one he had in California, in the Bay Area. He rented it out for events. Musk took to Twitter on June 14, 2021. He announced to the world that he has decided to sell that last residence as well. He indicated that he would sell it to a large family that would live there because it was such a unique location. But out of nowhere, Musk took the $37.5-Mn house off the market.
The tweet read: “Decided to sell my last remaining house. Just needs to go to a large family who will live there. It’s a special place.”
Musk had listed the huge mansion for an equally massive price on June 13, according to a real estate listing website called ‘Zillow’. The same post was taken down on September 11, 2021, as first reported by the New York Post.
Description of the house
The listing on Zillow described the listing of the mansion as; “Rare and unique opportunity to buy one of the largest parcels of land on the San Francisco Peninsula. Approx. 47 acres midway between Silicon Valley & San Francisco, just 8 miles to SFO airport & private jet center. Over 100-year-old mansion with unobstructed Bay views, pool, hiking trails, canyons & reservoir. Ballroom, banquet dining room, and preserved but completely updated professional kitchen. Detached 3-car garage, 8-car carport, and tremendous motor court parking. Truly a landmark property!”
The gigantic home also has six bedrooms, ten bathrooms, and a half-finished basement with around 16,000 square feet of indoor living area. The house was erected in 1916, putting it roughly 105 years old, according to the listing.
Musk paid $23 million to buy the property from Christian de Guigne IV in 2017. According to sources, the previous owner’s aristocratic family owned the mansion for almost a century.
The property was only on the market for a short time before being taken off. But it did speak to his declared desire to dispose of his material assets. This action reflects against the initial tweet he had issued in May of 2020 where he said, “I am selling almost all physical possessions. Will own no house.”
When he posted that tweet, he replied on that same thread stating that there was a stipulation to the sale of the house. The tweet read: “Just one stipulation on sale: I own Gene Wilder’s old house. It cannot be torn down or lose any its soul.”
This sequence of sales and attempted sales is in response to Musk’s goal to colonize Mars and his willingness to contribute as much money as possible to this gigantic project. In a December interview with Mathias Döpfner, the CEO of Insider’s parent company, Axel Springer, he confirmed the same. Musk has already sold many other properties. It includes a $29 million mansion in Los Angeles that was purchased by a Chinese billionaire. Also, a $7 million residence once belonged to actor Gene Wilder.
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