Elon Musk Shaves $5.5 Million Off Worth of His Bay Space Mansion


  • Elon Musk is placing up his Bay Space mansion up on the market for $32 million – 15% not up to its ultimate indexed worth.
  • The revised worth comes simply days after Musk introduced Tesla is shifting its headquarters from California to Texas.
  • The billionaire stated ultimate yr he was once making plans to promote “virtually all bodily possessions” and “personal no area”.

Elon Musk simply shaved 15% off the cost of his Bay Space mansion, and it is now to be had for slightly below $32 million.  

This newest worth slash comes only a month after the home was once taken off the market after being ultimate listed for $37.5 million.

The brand new worth works out to round $2,000 according to sq. feet., just about double the according to sq. feet. worth for different homes within the space, in accordance to Bay Area market reports.

The fee reduce comes at the heels of Musk’s announcement that Tesla — like many other companies within the tech sector, together with tech giants Oracle and Hewlett Packard Undertaking — might be shifting its headquarters from the San Francisco Bay Space to Texas.

Musk relocated to Texas at the end of last year and tweeted in July that he was once dwelling in Austin in a $50,000 pre-fab area.

Zillow listing for Elon Musk's mansion, October 2021

A Zillow checklist for 891 Crystal Springs Street in Hillsborough, California.

Zillow


The sale of his Bay Space mansion seems to be a part of Musk’s plan to promote “virtually all bodily possessions” and “personal no area.”  

Previous this yr, Musk stated he’d offered six of his seven properties, and was renting out the Bay Space manse for occasions. 

In line with the checklist, the sprawling 16,000 sq. ft mansion sitting on 47 acres in Hillsborough, California was once in-built 1916. It has 10 toilets and 7 bedrooms, a library, a tune room, and a pool.

Musk purchased the valuables for over $23 million in 2017.



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