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Elon Musk puts his ‘special place’ mansion in San Francisco up for sale for $48.6 million

Tesla CEO Elon Musk revealed he would be selling off his entire $100 million real estate portfolio to focus on his mission to Mars. And now he’s finally deciding to bite the bullet on his ‘special place’.

The Gospel of Elon Musk

Tesla CEO Elon Musk revealed last year that he would be selling off his entire $100 million real estate portfolio in a quest to ‘own no house’ and focus on his mission to Mars.

And while he stuck true to his word and sold most of his properties, including Gene Wilder’s home, he held onto one particular residence for a little longer.

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The property sits on over 47 acres of land. Picture: Realtor
The property sits on over 47 acres of land. Picture: Realtor
A custom-made pond outside the home. Picture: Realtor
A custom-made pond outside the home. Picture: Realtor
The pool. Picture: Realtor
The pool. Picture: Realtor
An eye-catching staircase. Picture: Realtor
An eye-catching staircase. Picture: Realtor

Located south of San Francisco, the mansion Musk refers to as his “special place” did not initially sell when he first put the 9-bedroom, 9.5-bathroom abode on the market.

So in November, he decided to take the home off the market.

But this week the 49-year old revealed that he would officially sell his final home, which he said he used to “rent out for events,” for a whopping $48.6 million (US$37.5 million).

One of the many living spaces, with French windows. Picture: Realtor
One of the many living spaces, with French windows. Picture: Realtor
The grand entrance to the foyer. Picture: Realtor
The grand entrance to the foyer. Picture: Realtor

“Decided to sell my last remaining house. Just needs to go to a large family who will live there. It’s a special place,” the Tesla and SpaceX CEO wrote.

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A formal dining room used for events. Picture: Realtor
A formal dining room used for events. Picture: Realtor
A sitting room with a built-in bookshelf. Picture: Realtor
A sitting room with a built-in bookshelf. Picture: Realtor
Another more intimate dining area. Picture: Realtor
Another more intimate dining area. Picture: Realtor

Having held the title of the richest man in the world earlier this year, with an estimated net worth of $185 billion, Musk had initially purchased the home in 2017 for US$23.4 million.

The home is listed directly by the owner, which means if you’re interested in buying the near 1,500 sq m property, you’ll have to go directly through Musk to get it.

Situated on a massive 47 acres of land, the Hillsborough home is over 100 years old, and boasts Bay views, a pool, hiking trails and canyons.

A formal living room. Picture: Realtor
A formal living room. Picture: Realtor
A grand arched doorway leads to another living space. Picture: Realtor
A grand arched doorway leads to another living space. Picture: Realtor

Other features include a ballroom, banquet dining room and preserved but completely updated professional kitchen, according to the listing.

Last June, the SpaceX founder and Tesla CEO sold a sprawling Los Angeles mansion for $42.3 million (US $29 million).

Yet another ‘special’ living space. Picture: Realtor
Yet another ‘special’ living space. Picture: Realtor

That Bel Air mansion spanned 1,487 sqm — and has six bedrooms, 11 bathrooms, and is complete with a tennis court and a two-storey library.

Musk has vowed to get rid of his homes and belongings in order to devote his life “to Mars and Earth.” “Don’t need the cash,” the eccentric billionaire tweeted in May 2020.

“Possession just weigh you down.”

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This story originally appeared in The Post and was republished with permission.

Read related topics:Elon Musk

Original URL: https://www.news.com.au/finance/real-estate/selling/elon-musk-puts-his-special-place-mansion-in-san-francisco-up-for-sale-for-486-million/news-story/796083b7858747109fbaf93e9dc0c13c