Stock Market

Elon Musk officially ‘owns no home’

Elon Musk has fulfilled his pledge made last year to “own no home.”

The Tesla boss and billionaire sold his 16,000-square-foot mansion in Hillsborough, California, a wealthy Silicon Valley enclave just south of San Francisco. The property sold for $30 million, after initially listing for $37.5 million, when Mr. Musk announced the sale via Twitter in June, and eventually relisting for $31.99 million in October, according to  records on the MLS.

See also: Home-price growth slows for the first time since May 2020

The identity of the buyer has not been made public, and the property’s listing agents, Brent & Mary Gullixson of Compass, did not immediately respond to a request for comment.

Mr. Musk, 50, has previously announced that the 47-acre property was his “last remaining house” in California after selling off his other properties in the state.

The 100-year-old estate, known as Guignécourt, had a colorful history even prior to Mr. Musk’s ownership, and was originally built in 1912 by Count Christian de Guigné, a member of French nobility who moved to the state after marrying a California Gold Rush heiress. 

From Mansion Global: The EV Tech Industry Is Boosting Real Estate in Secondary Cities in the U.S.

The European-style estate is one of the largest parcels of land in the area, and includes hiking trails and a reservoir. The property remained in the de Guigné family for over a century before being listed for an eye-popping $100 million in 2013. In 2016, the asking price was reduced to $29.85 million.

Related News  Mixed reactions from fans as Chiefs, Texans observe pre-game moment of unity

Mr. Musk purchased the home for $23.4 million in 2017, according to public records.

This report originally appeared on MansionGlobal.com.

For more updates check below links and stay updated with News AKMI.
Life and Style || Lifetime Fitness || Automotive News || Tech News || Giant Bikes || Cool Cars || Food and Drinks

Source

Tags
Show More

Related Articles

Back to top button

usa news wall today prime news newso time news post wall

Close