Elon Musk Shaves $5.5 Million Off Price of His Bay Area Mansion

Elon Musk just shaved 15% off the price of his Bay Area mansion, and it's now available for just under $32 million.

This latest price slash comes just a month after the house was taken off the market after being last listed for $37.5 million.

The new price works out to around $2,000 per square ft., nearly double the per sq. ft. price for other houses in the area, according to Bay Area market reports.

The price cut comes on the heels of Musk's announcement that Tesla like many other companies in the tech sector,including tech giants Oracle and Hewlett PackardEnterprise will be moving its headquarters from the San Francisco Bay Area to Texas.

Musk relocated to Texas at the end of last year and tweeted in July that he was living in Austin in a $50,000 pre-fab house.

The sale of his Bay Area mansion appears to be part of Musk's plan to sell "almost all physical possessions" and "own no house."

Earlier this year, Musk said he'd sold six of his seven properties, and was renting out the Bay Area manse for events.

According to the listing, the sprawling 16,000 square feet mansion sitting on 47 acres in Hillsborough, California was built in 1916. It has 10 bathrooms and seven bedrooms, a library, a music room, and a pool.

Musk bought the property for over $23 million in 2017.

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Elon Musk Shaves $5.5 Million Off Price of His Bay Area Mansion