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The billionaire revealed that his main residence is a $50K house that conveniently sits within walking distance of SpaceX's factory. However, despite its prime location, Elon shared that it was 'very small' in an interview for Fullsend podcast. Despite having unrestricted and unrivaled access to some of the world's best homes, the business magnate publically vowed to 'own no house' and lives in a compact home worth $50,000 in Boca Chica, Texas. Last year, Musk expressed dissatisfaction with California over its Covid restrictions that restricted operations at the Tesla factory in the Bay Area, and sold off several properties in that state.
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Moving into the Texas home in 2019, Musk's entire home encompasses 1,580 square feet of living space. Elon Musk is one of the most prominent businessmen in the world today, after having founded notable firms such as Tesla and SpaceX. According to Forbes, Musk is considered to be the richest person in the world, as of this writing. Given that Musk is the wealthiest individual worldwide, have you ever wondered how the Tesla founder lives? The Elon Musk house is a fascinating particularity for a man with a mind of his own.
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Forbes noted that the sustainably-built home featured drought-tolerant landscaping, a tankless water heater, and other eco-friendly features that matched the billionaire’s climate-friendly business models. He made a slight profit in the sale and moved to a smaller residence in Texas. As one of the world’s richest men, Elon Musk can easily afford to drop hundreds of million of dollars on any lavish home he wants. Instead, the multibillionaire is living in a $50,000 tiny home in Boca Chica, Texas, where his SpaceX headquarters are located. But maybe Musk is onto something with this tiny home, which is reportedly from the compact home company Boxabl.
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The Motley Fool is a USA TODAY content partner offering financial news, analysis and commentary designed to help people take control of their financial lives. To get started, we’ve assembled a comprehensive guide that outlines everything you need to know about investing in real estate - and have made it available for FREE today. Regarding the space-travel mission of Elon Musk, some residents of Boca Chica aren't too thrilled about Musk's SpaceX launchpad being located amid a wildlife refuge in a sleepy beachside community. Prior to Musk's SpaceX arrival, Boca Chica was as unspoiled and 'green' as you could get. Now bird populations are threatened and public beaches are often closed in the name of progress.
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Howery told The Wall Street Journal after publication that Musk does not live in his home. "He lives in South Texas. He stayed at the house as my guest occasionally when traveling to Austin," Howery said. That $45,000 price tag is extremely low for a U.S. home, with the median listing price reaching $450,000 in June, according to Realtor.com. Musk didn't mention when the house was bought, which could have occurred prior to the run-up in home prices during the pandemic.
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You’ll know what downsizing can look like and why life is still fulfilling when you live with less. If I sold it, the house would see less use, unless bought by a big family, which might happen someday,” Musk said on Twitter last month. The Model 3 is the cheapest available version of the car and is the only one with the capability to come in at less than Musk's tiny home. While the car starts at $41,190, pretty much any additional features will bring the total cost up to higher than $50,000.
Elon Musk is reportedly living in a prefab tiny house worth only $50K on SpaceX site
The billionaire, who is a sci-fi enthusiast, also has a poster for a science fiction pulp magazine called "Amazing Stories" displayed prominently over his kitchen table. The identity of that top-secret customer became even clearer after Musk tweeted earlier this month that his current home is a $50,000 house in Boca Chica. Last November, Boxabl posted a video on YouTube announcing that the company had just built a Casita house for a “high-profile” and “top-secret” customer in Boca Chica.
These include a disappearing hydraulic lift wall that merges the dining room and music room, interior sound system and fiber-optic cable under the garage. The home also boasts a separate two-bedroom apartment, pool and pavilion, and hiking trails. In December, it was reported Musk was actually living in an Austin mansion owned by Ken Howery, according to the Wall Street Journal.
It remains unclear whether Musk is renting any other houses in Austin, though. It’s also unknown if he stays with his girlfriend, 32-year-old singer Grimes (who lives in Austin) and their 10-month-old child, X AE A-XII. Musk has five other children with his first wife, Justine Wilson, but it’s unclear where they live. Many believe that Musk's goal of selling his possessions was a way to show his dedication to eventually colonizing Mars, per Business Insider. "I think it is important for humanity to become a spacefaring civilization and a multiplanet species," the billionaire explained. "And it's going to take a lot of resources to build a city on Mars. I want to be able to contribute as much as possible to the city on Mars. That means just a lot of capital."
Tesla connected the Delaware decision directly to its proposal, but it said that both Elon Musk and his brother Kimbal Musk, who also sits on Tesla's board, recused themselves from deliberations. The company also noted that "dozens of institutional stockholders" have told Tesla that they disagree with the Tornetta decision. The Tornetta decision, named after Tesla shareholder Richard Tornetta who brought the suit, prompted Musk to say, "Never incorporate your company in the state of Delaware." Tesla said the court decision created a "fundamental problem for the company."
His private foundation, the Musk Foundation, moved to Austin in the summer of 2020, and SpaceX may also be expanding into Austin. The possibility of eccentric billionaire Elon Musk living or owning property in Austin has been a topic of debate and rumors since the head of Tesla and SpaceX first said he moved to Texas in 2020. The energy-efficient house is much more environmentally friendly than large mansions, aligning Musk’s private life with his sustainable business practices. Take a deep dive into the properties Musk sold to better understand how his life changed.
The house is reportedly a tiny home, measuring 20 feet by 20 feet, according to the Houston Chronicle. His tiny house was reportedly built by Boxabl, a startup that manufactures modular instant homes. Selling multi-million dollar properties while making strategic business decisions helped him become the world’s richest person in 2021, as published in Forbes. It’s also a practice people of all income levels use to manage their mental health more effectively.
It's unclear if Musk is paying rent to Howery, the Wall Street Journal reported. Musk is the richest person in the world, after having founded Tesla and SpaceX. As a result, Musk can certainly upgrade his main residence whenever he wants to.
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At one point, Musk owned several properties across the greater Los Angeles area collectively worth over a whopping $70 million. He started by renting the same house in 2010; he lived there with his family. This Elon Musk house has 20,248 sprawls over square feet with a total of seven bedrooms and thirteen baths. The billionaire reportedly held a real estate portfolio worth $100 million at one point, although in 2020 he declared on Twitter that he was selling his properties and vowed to "own no house."
Of course, fallout is bound to happen with progress, but Musk is seemingly living quite the contradictory life if he claims his mission is that of making the planet green. If you didn't even know there are houses available at that price, you might be wondering why Elon Musk of all people chooses to live in one and whether this might be some sort of trend coming from this visionary entrepreneur. In the Full Send interview, Elon shared that he does own a prototype Boxabl Casita. So, I can just literally walk to the factory, it's half an hour away,' he says. The photo appears to show Musk's kitchen and a portion of his living room at his house near SpaceX's launch site in Boca Chica, Texas.
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