Tweet
http://blog.sfgate.com/ontheblock/20...ys-in-bel-air/
Unless Musk was paying $300,000 a month or more rent, apparently renting can be a good idea...
Elon Musk, a Silicon Valley wunderkind has purchased the home he has been renting for the last 3 years in the Holmby Hills section of Bel Air for $17 million.
Musk not only co-founded PayPal, but he also founded SpaceX and helped to start up electric sports car company Tesla Motors.
When he started renting the home from an LA hedge fund manager, the home was already on the market. First listed in 2008 for $27 million, records seem to indicate that the property was taken off the market when Musk began renting it. The owner seemed to want to try to sell it again and listed it again in spring of 2012 for $19.995 million. Perhaps Musk didn’t want to lose the place he called home for the last 3 years and made an offer.
The six bed, nine bath, 20,248 square foot home sits on a private knoll. The listing notes that it overlooks the Bel Air Country Club with views of the city and the ocean. Additional features inside the home are the kids wing, a 2 story library, theater, 2 room guest suite, , 1,000 bottle wine cellar, and gym. Outside, there’s a lighted championship tennis court, a pool and a 5 car garage where Musk can park his Tesla.
Musk not only co-founded PayPal, but he also founded SpaceX and helped to start up electric sports car company Tesla Motors.
When he started renting the home from an LA hedge fund manager, the home was already on the market. First listed in 2008 for $27 million, records seem to indicate that the property was taken off the market when Musk began renting it. The owner seemed to want to try to sell it again and listed it again in spring of 2012 for $19.995 million. Perhaps Musk didn’t want to lose the place he called home for the last 3 years and made an offer.
The six bed, nine bath, 20,248 square foot home sits on a private knoll. The listing notes that it overlooks the Bel Air Country Club with views of the city and the ocean. Additional features inside the home are the kids wing, a 2 story library, theater, 2 room guest suite, , 1,000 bottle wine cellar, and gym. Outside, there’s a lighted championship tennis court, a pool and a 5 car garage where Musk can park his Tesla.
Comment