Elon Musk Lists 4 More Homes For $62.5 Million

Canyon News ^ | May 16,2020 | By Sahana Kaur -

[Hojczyk]

BEL AIR—On Thursday, May 14, Tesla co-founder Elon Musk listed four of his Bel Air mansions for a total of $62.5 million.

Since this move comes a week after Musk listed two other homes in the same area, all of his Bel Air properties are now for sale for a combined total of $102 million. This barrage of listings comes shortly after he Tweeted: “I am selling almost all physical possessions. Will own no house.”

When Twitter user @kulpability asked Musk if he was doing it “because you need the cash” or “to protest the world burning down,” he responded by saying “[I] don’t need the cash. [I’m] devoting myself to Mars and Earth. Possession[s] just weigh you down.”

The four new estates can only be acquired as a full set spanning 3.41 acres. Their individual locations are 10947 Chalon Rd., and 954, 955, and 958 Somera Rd. Musk continues to sell his properties without the representation of any agency, and the official description claims that the package of four is “a project for the big thinker, designed to showcase one of the best views in Los Angeles – from the city to the ocean and beyond.”

Details on each individual property and “insight on the project as a whole” will only be provided “upon request by qualified buyers.” Musk claims that this is “due to listing limitations.”

The posting reveals that there are 4 bedrooms, 6 bathrooms, and 8 garage spaces, and the “total interior livable area” is 7,026 square feet. This may refer to the 10947 Chalon Rd residence only, as all 4 properties are for sale under this address.

[FreedomPoster]

When you get to Leno’s level, it’s no longer number of spaces, it’s how many thousands of square feet, along with how many lifts of what brand/model/specification.

[Tallguy]

Is Gault’s Gulch to be found on Mars?

[2aProtectsTheRest]

She’s such a disgusting hypocrite, willing to rake in the bucks off movies where she’s shooting everything in sight, but then calling for bans on gun ownership using her celebrity status as a platform to remove our rights. And she’s not even an American! Absolute scum.

[LouAvul]

Uh, yeah. He was a demoRAT. He died a RAT. As did bob, ted, and the entire klan.

[Diana in Wisconsin]

I was going to downsize, but then I ended up up-sizing...from 1.2 acres to 160, LOL!

I have staff - my Fiance - to tend to the land; the house and garden is my domain, though I do the two acres of mowing all season. ;)

I won’t lie, though - looking forward to my future Condo Years. ;)

[Blue Highway]

Here is the scene that will tell you the answer as to how long.

Total Recall scene

[Svartalfiar]

Texas has very generous homestead exemptions that are protected in bankruptcy. (With Florida a decent alternative).

Unlimited value on up to 1 acre inside the city, or 100 acres (if single) and improvements of rural property.

Huh? I don't think you're talking about Texas. Texas has no property taxes on residences, it's all county/city/ISD level. And most, if not all of them, have a homestead exemption of $25M, not 100%. So come tax time, it only saves you maybe $500.

[PAR35]

Texas has no property taxes on residences

That's so far from the truth it's laughable. Real estate taxes in Texas are very high. And haven't you heard of Robin Hood? About half of my real estate taxes go to the state to be given to school districts that don't collect as much local real estate tax money as they want. Over $1.6 Billion in local real estate taxes have been transferred to the state in our district alone. Robin Hood tax? Should be Karl Marx tax.

But we are talking about Bankrutpcy exmeptions here. Not real estate taxes. Perhaps you skimmed over the "protected in bankruptcy"