Elon Musk Swaps Prefab Tiny Home for 'Very Small' $45K House in Texas
source link: https://www.businessinsider.com/elon-musk-tiny-home-property-boca-chica-south-texas-2022-8
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Elon Musk says he has moved out of his prefab tiny home and lives in a 'very small' $45,000 property in South Texas instead
Elon Musk says his new home is half a mile away from SpaceX's South Texas factory. Patrick Pleul/picture alliance via Getty Images
- Elon Musk says he has moved out of his prefab tiny home into a "very small" 3-bedroom house.
- The billionaire told the Full Send podcast hosts he uses his previous tiny home as a guesthouse.
- Both the new property and his previous home are located in Boca Chica, Texas.
Elon Musk says he has moved to a "very small" 3-bedroom house, which is worth $45,000 and located in Boca Chica, South Texas.
Musk said on a Friday episode of The Full Send podcast that although he doesn't have a "main residence," he does stay in the 800-900-square-foot house.
"My friends come and stay and they can't believe I'm saying this house," he said.
The billionaire told podcast host, Kyle Forgeard, that the South Texas home was "technically a three-bedroom but it used to be a two-bedroom" until he converted the garage.
Musk said it was half a mile away from SpaceX's South Texas rocket factory, which he can walk to.
Representatives for Musk did not immediately respond to Insider's request for comment made outside normal working hours.
The billionaire is known for living in small houses, with some even costing less than the Tesla he drives.
His old residence was a prefab tiny home also located in Boca Chica. It was believed to have been made by Las Vegas company, Boxabl.
He said in June 2021 that he was renting the $50,000 property from SpaceX. The 375-square-foot home could also be towed from place to place.
Musk said on the podcast that the new house he had purchased "actually costs less than a Boxabl," referring to his former property, which he is now using as a guesthouse for friends.
Musk has been steadily offloading a property portfolio worth millions, as Insider's Avery Hartman reported in November. It follows a pledge that he made in 2020 to sell the vast majority of his possessions.
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