Elon Musk, the enigmatic tech billionaire and CEO of SpaceX and Tesla, known for his ambitious projects and unorthodox lifestyle choices, recently disclosed that his primary residence is a modest three-bedroom house in Boca Chica, Texas.
This intriguing revelation on the “Full Send” podcast sent shockwaves through the media. In this article, we delve into the details of Musk’s unconventional home and explore the reasons behind his decision to call it his main abode.
A Humble Abode in the Heart of SpaceX’s Domain
Musk’s choice of dwelling, a three-bedroom property, may not match the grandeur of his billionaire status, but it holds a special place in his heart. Purchased for a mere $45,000, this unassuming residence was primarily chosen for its strategic location in Boca Chica, Texas, close to Musk’s SpaceX facility. “It’s very small,” Musk admitted, describing his home’s modest size.
What makes this location so special for Musk is its proximity to the SpaceX facility, where the company is tirelessly working on its ambitious project – developing a colossal rocket. Moreover, in addition to his primary residence, Musk also owns a Boxable tiny home in Boca Chica, serving as a cozy guest house for friends who visit him.
Living on the Edge
Elon Musk’s lifestyle choices have always been a subject of fascination and intrigue. Musk constantly keeps the world guessing whether it’s his reported twins with a top executive or his second child with musician Grimes. In the podcast, Musk revealed that when friends visit his modest home, they are often taken aback by his choice of residence.
When asked if he enjoys staying there, he responded calmly, “If I’m there alone, it’s fine.” Musk’s down-to-earth attitude shines through as he casually mentions converting the garage of his two-bedroom house into a third bedroom. And, in a rather humorous touch, he disclosed his attempt to rename the street from Weems Street to Meme Street.
A Bargain in the World of Real Estate
The $45,000 price tag of Musk’s home is exceptionally modest by U.S. standards. In a real estate market where the median listing price soared to $450,000 in June, according to Realtor.com, Musk’s purchase seems like a bargain. It’s worth noting that Musk didn’t specify when he bought the house, which might have been before the meteoric rise in home prices witnessed during the pandemic.
To put this into perspective, another property on Weems Street is currently up for sale – a 1,000-square-foot home listed as a “fixer-upper” tailored for “SpaceX enthusiasts.” This property is listed at a whopping $375,000, highlighting the incredible value Musk secured with his $45,000 acquisition.
From Real Estate Tycoon to Minimalist
Elon Musk’s housing journey has been a rollercoaster ride. The billionaire once boasted a real estate portfolio valued at a staggering $100 million. However, in a surprising turn of events in 2020, he declared on Twitter his intention to sell all his properties and pledged to “own no house.”
Later, it was revealed that Musk was residing in an opulent Austin mansion owned by Ken Howery, a co-founder of PayPal, along with Musk. Howery purchased this lavish 8,000-square-foot mansion for $12 million in 2018, making it the most expensive property in Austin at the time, as reported by Forbes.