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.
Mr. Musk purchased the home for $23.4 million in 2017, according to public records.
This post was originally published on Market Watch
