Elon Musk sells four Bel-Air homes for a combined $ 62 million
True to his word, Elon Musk is on the right track to no longer own a home. The tech billionaire ended 2020 on a wave of sales, offloading four homes – three of them nestled in a Bel-Air cul-de-sac – for a combined $ 62 million.
The four sales each closed days before Christmas, according to records. The buyer is the Ardie Tavangarian specification developer, who told Bloomberg he had a contract to buy the houses in July and planned to combine them into one project.
It’s an ambitious endeavor, but it seems possible. Three of the houses share a cul-de-sac and the fourth is directly below them at the bottom of the hill.
Musk’s home-selling saga began in May, when the CEO of Tesla and SpaceX tweeted that he was planning to sell almost all physical assets, including his handful of LA homes. The longtime California resident doubled down in December, moving to Texas and criticizing California on leaving.
He took on the task a few weeks later, listing a total of seven properties scattered across the state for a total of $ 137 million. The homes were listed on Zillow as “for sale by owner”.
It sold the first in June for $ 29 million and the second in October for $ 7 million. The latter, which was once owned by actor Gene Wilder, was bought by a limited liability company linked to Elizabeth Hunter, wife of director Jordan Walker-Pearlman – who happens to be a nephew of Gene Wilder.
The last four all closed between Dec. 21-22, with the biggest trading hands for $ 29.72 million – roughly $ 5.5 million more than Musk paid for it in 2016. The modern mansion has was built a year earlier and spans 1.5 acres with six bedrooms and seven bathrooms in 9,309 square feet. To the rear, terraces and patios surround a swimming pool perched on the edge of the hillside property.
Across the street, the second cul-de-sac house sold for $ 6.77 million, about $ 375,000 more than Musk paid in 2019. Built in the 1960s, the Colonial-style home features a whitewashed shutter-offset exterior and opens to two floor plan with four bedrooms and five baths in 3,943 square feet.
Rounding out the dead-end sales is a 1960s single-story house he sold for $ 4.43 million. The smallest of the group, it has four bedrooms and four bathrooms over 2,963 square feet. Musk bought the house for $ 4.3 million in 2015.
Below the other three on a separate street, the fourth house spans 7,000 square feet with six bedrooms, eight bathrooms, and a backyard pool. Musk sold it for around $ 21 million after paying $ 20 million in 2015.
Musk, 49, is one of the richest people in the world, with Forbes estimating his net worth at $ 153.5 billion.