Elon Musk Relists Silicon Valley Home at Discount The home disappeared from Zillow last month after first being posted for $35 million in May 2020.

By Emily Rella

Opinions expressed by Entrepreneur contributors are their own.

Anadolu Agency | Getty Images

Elon Musk's Silicon Valley home is back on the market, but the billionaire reduced its price.

It was originally listed for $37.5 million, but its new price is $32 million, according to SFGate, which has been tracking the sale of the 100-year-old Bay Area mansion.

The home disappeared from Zillow last month after first being posted for $35 million in May 2020. It was removed in November 2020, then relisted at $37.5 million in June of this year. It is now being sold by Mary and Brent Gullixson of Compass. The Tesla founder and CEO got it for $29.85 million back in 2017.

As SFGate points out, the 16,000-square-foot mansion sits on 47 acres, has seven bedrooms and nine and a half bathrooms. It features a hydraulic lift wall that separates rooms only when the owner wants it to and a high-end security system.

The re-listing of the home comes just days after Musk announced he was moving Tesla's headquarters from Fremont, California, to Austin, Texas. Musk made the announcement during his company's stockholders meeting last week, which was held at Tesla's Gigafactory in Austin.

He pointed out, however, that Tesla "will be continuing to expand [its] activities in California," not leaving the state completely. Rather, he said, the company wants to increase output in Fremont and a factory in Nevada by 50%.

He explained that the California factory "is jammed" and Tesla outgrew it.

Emily Rella

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

JPMorgan Shuts Down Internal Message Board Comments After Employees React to Return-to-Office Mandate

Employees were given the option to leave comments about the RTO mandate with their first and last names on display — and they did not hold back.

Innovation

4 Ways Market Leaders Use Innovation to Foster Business Growth

Forward-thinkers constantly strive to diversify and streamline their products and services, turning novelties into commodities desired by many.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Leadership

From Elite Athletes to Tech Titans — Discover the Surprising $100-Million Habit That Leads to Extraordinary Success

Success comes from mastering focus, eliminating distractions and prioritizing what truly matters.

Side Hustle

'Hustling Since Middle School': She Started a Side Hustle on Facebook Marketplace — Then a 'Game-Changer' Grew It to $25,000 a Month

Leena Pettigrew's "entrepreneurial spirit" inspired her to build a business with earnings that outpaced her full-time income.

Growing a Business

How Meta Generated $32 Billion in Ad Revenue Last Quarter — and How You Can Create Million-Dollar Weekends Using the Same Strategies

Meta's staggering $32 billion quarterly ad revenue isn't just about size; it's about strategy, systems and execution as well.