Elon Musk, a figure known for his audacious visions in technology and space exploration, has garnered significant attention for his unique housing choices. Despite his formidable wealth, recently estimated at $1.3 trillion by Forbes, the SpaceX and Tesla CEO has chosen to depart from the traditional billionaire's path of owning sprawling, extravagant properties. Instead, he has embraced a more humble and functional approach to his personal residences, a decision that has intrigued many.
Details of Elon Musk's Residential Journey
In 2020, Elon Musk, a visionary entrepreneur, publicly declared his intention to shed nearly all his material possessions, including his residences, famously stating on Twitter, "I will own no house." This pronouncement set in motion the sale of his extensive portfolio of seven lavish California properties, which were collectively valued at over $100 million. His motivation, as he articulated, was a pursuit of greater personal liberty.
Among the properties divested were six located in the exclusive Los Angeles area. One notable residence was a sprawling 16,251-square-foot French château-style mansion, constructed in 1990, featuring six bedrooms, eleven bathrooms, a two-story library, a wine cellar, a tennis court, and a private theater. This grand estate was eventually sold for an impressive $29 million. Another significant sale involved the former residence of actor Gene Wilder, a 2,800-square-foot white-shingled home with five bedrooms and four bathrooms, steeped in Hollywood history. Musk sold this property back to Wilder's family for $7 million, with the specific condition that its original character and integrity be preserved. Interestingly, this property later returned to a trust associated with Musk in January 2025, after the family defaulted, making it his sole remaining West Coast property.
The remaining four Los Angeles properties, all in close proximity within Bel-Air, were sold collectively to developer Ardie Tavangarian for $62.5 million. These included a 7,000-square-foot house built in 1954, a modest ranch, a large unfinished contemporary home, and a white-brick Colonial. The final piece of his California real estate was a 16,000-square-foot Mediterranean-style mansion, known as Guignécourt, located in Hillsborough, Silicon Valley. This estate, set on over 47 acres and featuring seven bedrooms, nine and a half bathrooms, a professional kitchen, a leather-walled library, and expansive views of the San Francisco Bay Area, sold for $40.8 million in 2021.
Following this massive divestment, Musk relocated to Boca Chica, Texas, the site of his SpaceX operations. There, he embraced a minimalist lifestyle, residing in a compact, prefabricated tiny home from Boxabl. This 20-by-20-foot "casita" functions as a studio apartment, complete with a living area, bedroom space, a kitchen, and a bathroom. While unconfirmed by Boxabl, promotional materials subtly hinted at a secret customer, fueling speculation. His biographer, Walter Isaacson, offered a rare glimpse into this spartan two-bedroom dwelling, highlighting its uncluttered simplicity, a stark contrast to his previous opulent homes.
In 2021, Musk announced on X (formerly Twitter) that he was living in a three-bedroom ranch, also in Boca Chica, which he rented from SpaceX for $50,000. This property, purchased by SpaceX in 2019, is conveniently located near the company's Starbase launch site.
Despite earlier denials, a 2024 New York Times report suggested Musk had acquired multiple properties in Austin for $35 million, possibly to establish a family compound for his numerous children and their mothers. This alleged compound included a 14,400-square-foot Tuscan villa, a six-bedroom mansion on Lake Austin, and a third mansion nearby. Although Musk vehemently refuted these claims, saying he owns "no grand family home," the Wall Street Journal later reported on a six-bedroom residence in Austin he maintains, complete with a 16-foot security fence that sparked local controversy. This residence, built in 2017, features a gray stone and stucco exterior, a wine room, an infinity pool, an outdoor kitchen, a guesthouse, and a four-car garage. Additionally, Musk is known to occasionally stay in two penthouses in downtown Austin's Proper Hotel and Residences, owned by an LLC linked to his associate Antonio Gracias.
Beyond individual homes, Musk has embarked on an ambitious project to establish his own company town, Starbase, in South Texas. This new municipality, named after his rocket launch site, required a specific number of residents for incorporation, a requirement met by SpaceX employees residing in refurbished homes and temporary housing. By May 2025, Starbase was officially incorporated, with approximately 500 inhabitants. The town features a SpaceX employee as mayor, a nascent police force, an exclusive bar for employees called Astropub, and a school, Ad Astra, which boasts an advanced curriculum. The landscape is adorned with sculptures of Musk and a sign proclaiming "Mars Embassy. Future Location." While Starbase has brought economic benefits, including 5,000 jobs and $100 million in tourism revenue, it has also faced criticism, with local residents filing a lawsuit alleging damage to their homes from rocket launches.
Elon Musk's journey from owning multiple lavish mansions to embracing a more spartan lifestyle, and ultimately, building his own company town, offers a fascinating commentary on wealth, purpose, and impact. His decisions challenge conventional notions of success and luxury, highlighting a focus on his ambitious projects and a desire to shape environments that directly support his endeavors. This unconventional path provides a compelling narrative, reflecting a personality driven by innovation and an unwavering commitment to his long-term goals, even if it means disrupting the traditional trappings of extreme wealth. The implications of his choices extend beyond personal preferences, influencing urban development, community dynamics, and the intersection of corporate vision with residential living. It prompts us to consider what truly defines a 'home' for someone whose aspirations reach far beyond Earth.