What Elon Musk Bought and Sold During His Quest to Own No House
Posted: Sat, 13 Jun 2026 01:11 PM - 58 Readers
By: Nancy Keates and Becky Peterson
Elon Musk, despite his immense wealth, has opted for understated suburban compounds rather than lavish palaces. In recent years, LLCs tied to the SpaceX and Tesla CEO have acquired at least three large stucco homes (6,000–9,000 sq ft each) with pools in the upscale but quiet West Lake Hills neighborhood near Austin, Texas. Purchased between 2022 and 2025 for estimated totals ranging from around $8 million to over $15 million apiece, these properties on cul-de-sacs were intended to form a family compound for the mothers of his children and their offspring. Musk also owns or uses additional properties nearby, including penthouses at the Proper Hotel and farmhouses near Tesla’s Gigafactory, while splitting time between Texas and California.
This fits a pattern from his California years, where he bought multiple homes in Bel-Air before largely divesting. In 2020, Musk famously tweeted his intent to “own no house” as part of selling most possessions, later unloading his California properties for around $130 million (retaining one former Gene Wilder home after a buyer defaulted). Neighbors in Austin note heavy security but rarely see him; visitors like Ashley St. Clair described the homes as surprisingly bland and sterile. Musk continues to maintain a low-profile presence in Texas, including modest rentals near Starbase, contrasting sharply with expectations for the world’s first trillionaire.
