Tesla CEO Elon Musk has sold his Hillsborough mansion for $ 31.99 million, reports Realtor.com.
Musk, who also founded aerospace company SpaceX, initially listed the house for sale in June for $ 37.5 million, but slashed the price last month after announcing the electric car maker would move its headquarters from Palo. Viola in Austin, Texas.
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 interior sound system, and fiber optic cable under the garage. The house also has a separate two-bedroom apartment, swimming pool and pavilion, as well as hiking trails.
Musk bought the house in 2017 for $ 23.4 million, according to public records. Mary and Brent Gullixon with Compass were the listing agents.
Musk said that while Tesla’s corporate headquarters move, the company will 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.