Elon Musk pulled his ‘last remaining house’ off the market after vowing to get rid of all his ‘physical possessions’ last year

Elon Musk
Elon Musk on August 13, 2021 at a press event on the grounds of the Tesla Gigafactory near Berlin. Patrick Pleul/picture alliance via Getty Images
  • Musk listed his Bay Area mansion for $US37.5 ($AU52) million in June in a quest to offload all his property.
  • The listing was pulled down last week, according to Zillow records.
  • The billionaire pledged to sell “all physical possessions” in 2020 to fund the colonization of Mars.
  • See more stories on Insider’s business page.

Elon Musk almost followed through on his pledge to sell off his entire $US100 ($AU138) million real-estate portfolio.

In June, Musk said that he offloaded all his houses – except for one home in the California Bay Area that he rented out for events.

“Decided to sell my last remaining house,” Musk tweeted about the home in June. “Just needs to go to a large family who will live there,” he wrote.

Zillow records show that the home was listed for sale by owner on June 13 for $US37.5 ($AU52) million. The listing was then removed by owner on September 11, according to Zillow and first reported by the New York Post.

Elon Musk's Bay Area home in a Zillow listing.
listing for 891 Crystal Springs Rd, Hillsborough, CA. Zillow

The listing touted that the sprawling 1961 mansion has 16,000 square feet of interior space and sits on 47 acres in Hillsborough, California. The home has an 11-car garage, a ballroom, 10 bathrooms for just six bedrooms, and access to hiking trails. “It’s a special place,” Musk wrote in a June tweet.

He purchased the property for just over $US23 ($AU32) million in 2017 from Christian de Guigne IV, whose aristocratic family owned the property for over a century.

While there seemed to have been no active push to sell the property as it was listed without an agent, the couple months the home spent on the market speak to Musk’s larger plan to offload all his assets.

In May 2020, Musk tweeted that he planned to sell “almost all physical possessions” and would “own no house.”

He is dedicating as much money as he can to colonizing Mars, and is selling his material possessions to fund this, he told Mathias Döpfner, the CEO of Insider’s parent company, Axel Springer, in a December interview. He’s already sold a smattering of homes in the Bel-Air neighborhood of Los Angeles, including a $US7 ($AU10) million home that once belonged to the actor Gene Wilder and a $US29 ($AU40) million mansion snapped up by a Chinese billionaire.

“It’s going to take a lot of resources to build a city on Mars,” Musk told Döpfner. “I want to be able to contribute as much as possible to the city,” he continued. “That means just a lot of capital.”

Musk tweeted that his current primary residence is a prefab tiny home worth $US50,000 ($AU68,814) in Boca Chica, Texas, that he rents from SpaceX, his aerospace company.

SpaceX completed the world’s first all-tourist flight to orbit this weekend, opening the door to private space tourism and Musk’s ultimate vision for the company.