Elon Musk cuts price of Hillsborough mansion by $ 5.5 million

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In the wake of his announcement last week that automaker Tesla will move its headquarters from Palo Alto to Austin, CEO Elon Musk is slashing the price of his Hillsborough mansion by $ 5.5 million, reports Mansion Global.

Tesla CEO Elon Musk is selling his Hillsborough mansion. (Redfin)

Musk, who also founded aerospace company SpaceX, listed the property in June for $ 37.5 million. Its current price is $ 31.99 million.

Tesla CEO Elon Musk is selling his Hillsborough mansion. (Redfin)

The seven-bedroom, 10-bathroom home sits on a whopping 47 acres with panoramic views of the San Francisco Bay. Built in 1912, the 16,000 square foot property features restored windows and doors from the time it was built, along with plenty of high tech amenities. These include an endangered hydraulic elevator wall that merges the dining room and music room, an indoor sound system, and fiber optic cable under the garage. The house also has a separate two bedroom apartment, pool and pavilion, and hiking trails.

Musk bought the house in 2017 for $ 23.4 million, according to public records. Mary and Brent Gullixon of Compass are the current listing agents.

Tesla CEO Elon Musk is selling his Hillsborough mansion. (Redfin)

Musk said last week that while Tesla’s corporate headquarters moved, the company would continue to expand its business in California. He said the company plans to increase production at its Fremont facility by 50% and that the company has announced a new lease for a large office space in Palo Alto.

Tesla CEO Elon Musk is selling his Hillsborough mansion. (Redfin)


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