Elon Musk officially owns no homes: Tesla CEO sells off lavish Silicon Valley estate for $30 million - $7.5M lower than its asking price - and fulfils his pledge made last year to 'own no home'

• Elon Musk sold his Silicon Valley estate for $30 million. It was the last of his seven California homes
• The world's second richest man sold his 16,000-square-foot estate for $7.5 million less than the original $37.5 million asking price that was first listed in June; the home was listed three times before it sold
• The new owner of 891 Crystal Springs Road in Hillsborough, California has not been named 
• Musk had previously shared that the 47-acre property south of San Francisco was his 'last remaining house' 
• It features 7 bedrooms, 7 bathrooms, a music room, grand ballroom, and a cocktail room with a surprise 
• Last year, the eccentric billionaire indicated in a bizarre Twitter rant that he planned to sell all his homes, writing: 'I am selling almost all physical possessions. Will own no home' 
• He has since sold all of his residential properties for a whopping $144 million

The world's second richest man has fulfilled his pledge to 'own no home.' 

Tesla and SpaceX CEO Elon Musk has sold his Silicon Valley estate for $30 million on Thursday, $7.5 million less than the original $37.5 million asking price when it was first listed in June, according to records. He struggled to sell the home, listing it three times before finding a buyer. 

Musk, 50, who has a net worth of $151 billion, had previously shared that the 47-acre property south of San Francisco was his 'last remaining house.' 

Musk, who was leapfrogged by Amazon honcho Jeff Bezos atop Forbes' list or world's richest men, currently lives in a home he rents worth $50,000 in Boca Chica, Texas, near his Space Exploration Technologies Corp. Starbase rocket manufacturing plant, where he moved last year.

'My primary home is literally a ~$50k house in Boca Chica / Starbase that I rent from SpaceX. It's kinda awesome though,' Musk tweeted. 

The new owner of the Hillsborough, California, mansion at 891 Crystal Springs Road has not been named publicly. 

The 16,000-square-foot estate features seven bedrooms, seven bathrooms, a music room, grand ballroom and a cocktail room with retractable library shelves.

Musk downsizes to 375-square-foot box in Texas

Elon Musk is believed to be living in a 375-square-foot modular home made by the company Boxabl, according to the Musk fan blog Teslarati and the Houston Chronicle.

He has said that he is renting the home for about $50,000.  

Though Musk has not confirmed the name of the company that made his home, a Boxabl unit appears to be visible on the site on Google Earth.

The company's homes are tiny but stylish, set up like a studio apartment with an open plan living area, kitchen and bedroom, with an adjacent bathroom.

The properties are assembled from a folded box made of concrete panels and steel.

Teslarati reported that the model Musk is renting is a mass-produced 20-foot-by-20-foot 'foldable prefabricated home,' named the Boxabl Casita.

Boxabl has not confirmed whether Musk is living in one of its homes but in November announced it had built a Casita for a 'high-profile' and 'top secret' customer in Boca Chica.

'My primary home is literally a ~$50k house in Boca Chica / Starbase that I rent from SpaceX. It's kinda awesome though,' he wrote in early June.  

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'The dining room and music room can now be combined into one space with a hydraulic lift wall that disappears when needed,' according to one of the listings. 

Musk had previously said he wanted to sell it to a large family who will live in the home. 'It's a special place,' he tweeted.  

Last year, the eccentric billionaire indicated that he planned to sell all his homes in a bizarre Twitter rant writing: 'I am selling almost all physical possessions. Will own no home.'

He said he was doing it as a way to defuse criticism of his wealth, telling podcast host Joe Rogan last May: 'I think possessions kinda weigh you down. And they're kind of an attack vector. People say, 'Hey, billionaire, you got all this stuff.' 'Well, now I don't have the stuff — now what are you gonna do?''  

At the time, Musk owned seven houses in California - six in Los Angeles within walking distance of each other.   

He has since sold all of his residential properties for a whopping $144 million. 

His Silicon Valley estate, Guignécourt, is a 109-year-old European-style mansion with hiking trails and a reservoir on the property. 

It was built in 1912 by Count Christian de Guigné, a member of French nobility who moved to the Golden State after marrying a local Gold Rush heiress. 

The beautiful property remained in the family for just over a century before being listed for $100 million in 2013- it was later reduced to $29.85 million three years later. 

Musk purchased the stunning property for an even lower price of $23.4 million in 2017 and primarily used the home as a rental space for events.

After announcing his plans to sell all his homes, Musk quickly listed two of his Bel Air mansions on the market.

The home that overlooked the Bel Air Country Club, was purchased by Musk in 2012 for $17 million and listed for $30 million. 

The 16,251-square-foot mansion boasts six bedrooms, 11 bathrooms, a two-story library, swimming pool, and a tennis court.

It also features a gym, pool, a wine cellar, fruit orchard and a five-car garage.

The second Bel Air home was listed for $9.5 million and was previously owned by the late Willy Wonka actor, Gene Wilder, who died in 2016.

Musk purchased the three-quarter-acre Bel Air home for $6.75 million in 2013 and turned it into a private school. 

It features five bedrooms, 4.5 bathrooms, an oval pool and a private guest cottage. 

Here are the other properties Musk has sold in the past year to divest himself of all his prized residential real estate. 

958 Somera Road, sold in December 2020 for $6,774,500

The California home featured four bedrooms and three and a half baths.

955 Somera Road, sold in December for $4,443,000

Nestled in a cul-de-sac, the Bel Air house has four bedrooms and two and a half bathrooms.

954 Somera Road, sold in December for $29,719,000

The home is listed with six bedrooms and seven bathrooms. 

10911 Chalon Road, sold in June for $29,000,000 

Sitting across from the gold course, the home has six bedrooms and eleven bathrooms. 

The property features a pool, tennis court, and gorgeous landscaping. 

Musk lived in this house with his sons, which he rented for two years before buying it.  

10930 Chalon Road, sold in October for $7,000,000

Both Musk and famed actor Gene Wilder lived in this Los Angeles home.

Wilder, who died in 2016, lived in the home for over three decades. 

 It features five bedrooms, five bathrooms, and a luxurious pool in the backyard. 

He shared his one condition on selling the gorgeous property: 'Just one stipulation on sale: I own Gene Wilder's old house. It cannot be torn down or lose any its soul.' 

10947 Chalon Road, sold for $20,948,500 in December

It is hidden behind trees and gated walls covered in greenery.