TeslaCEO Elon Musk was slow to find a buyer for his last remaining property and was recently forced to remove this Bay Area mansion from the market for the second time.
Due to the recent rise in Tesla's stock price, Musk has once again surpassed Bezos to become the richest person in the world. Although Tesla's stock price plummeted nearly 3.9% on Monday and Musk's net worth fell by 7.2 billion US dollars to 1980 billion US dollars, it still surpassed Bezos' 194.2 billion US dollars.
In May of last year, Musk tweeted that he was rethinking his “attachment to the physical world” and would “sell almost all of his tangible assets.” By June of this year, Musk had sold most of his $100 million property and moved to a $50,000 prefabricated house in Starbase, Texas, close to SpaceX's headquarters.
He tweeted on June 14 that he plans to sell “the last remaining property,” a 47-acre mansion in Hillsborough, California.
However, the $37.5 million property was listed for nearly three months, and Musk temporarily removed it from the market on September 11.
According to data from the real estate website Zillow, the house was first sold at a price of 35 million US dollars in May last year, but it was taken down in November last year and re-listed in June this year, raising the price to 37.5 million US dollars.
The 16,000-square-foot mansion has 6 bedrooms and 9 half-bathrooms, plus a ballroom, a large formal ballroom, a flower arrangement room, and a library. Outside, there are large gardens and private hiking trails. There is also a separate three-car garage and an eight-car carport and parking lot.
Musk used to beTwitterHe said he wants to sell the house to a family willing to use it, but this may be more difficult than he anticipated. The house was listed for sale for $100 million in 2013 and sold to Musk for $29.85 million in 2017.
Overall, there has been a slight slowdown in the California real estate market recently. According to data from the California Association of Realtors (CAR), sales of existing single-family homes in California in August fell 3.3% from July and 10.9% from the same period last year.
However, Musk can't blame the lack of buyers on the statewide trend: San Francisco Bay Area's home sales increased 2.5% year over year, making it one of two regions in California where sales activity increased over the same period last year.