Elon Musk, the CEO of Tesla and SpaceX, is reportedly spending a considerable amount of time at a luxurious waterfront mansion in Austin, Texas, despite his public claims of living in a modest $50,000 modular home at SpaceX’s Boca Chica site. This mansion, owned by his fellow PayPal co-founder Ken Howery, is located in the exclusive Watersedge community on Lake Austin.
The estate boasts stunning views of the Colorado River, providing a serene and picturesque setting.
A private boat slip adds an element of exclusivity and convenience for water activities.
The estate, which Musk has been using as a guest, is an 8,000-square-foot mansion featuring high-end amenities that reflect the luxurious lifestyle often associated with billionaires. The property includes a waterfront pool, jacuzzi, and private boat slip, offering a serene and private retreat. It was purchased by Howery for over $12 million in 2018, setting a record for the Austin real estate market at the time. Given the booming property values in Austin, the mansion’s worth has likely increased significantly since then.
Elon Musk Biography
Elon Musk (full name: Elon Reeve Musk) is a renowned entrepreneur, inventor, and engineer known for founding and leading several groundbreaking companies such as Tesla, SpaceX, Neuralink, and The Boring Company. He is one of the wealthiest individuals in the world and is widely regarded as a visionary for the future of technology and humanity.
1. Early Life and Education
• Birth: Elon Musk was born on June 28, 1971, in Pretoria, South Africa.
• Parents: His father, Errol Musk, was an engineer, and his mother, Maye Musk, was a dietitian and model.
• Childhood Interests: Musk showed an early interest in computers and technology. At age 12, he taught himself programming and created a video game called Blastar, which he sold for $500.
• Education:
• Attended schools in South Africa before moving to Canada at 17.
• Studied at Queen’s University in Ontario, Canada, before transferring to the University of Pennsylvania (UPenn) in the United States. He earned degrees in Physics and Economics.
2. Early Career and Startups
• Zip2 Corporation (1995): Musk co-founded this software company, which provided business directories and maps for newspapers. Compaq later acquired it for $307 million.
• X.com and PayPal (1999): He founded X.com, an online payment platform, which later became PayPal after merging with another company. PayPal was sold to eBay for $1.5 billion in 2002.
3. SpaceX (2002)
Musk founded SpaceX (Space Exploration Technologies Corporation) with the goal of reducing the cost of space travel and making life multi-planetary.
• SpaceX achieved numerous milestones, such as developing the Falcon 1, Falcon 9, and Starship rockets.
• In 2020, SpaceX became the first private company to send astronauts to the International Space Station (ISS).
4. Tesla, Inc. (2004)
Musk joined Tesla as an early investor and eventually became its CEO and product architect. Tesla revolutionized the electric vehicle industry with its cutting-edge technology and commitment to sustainability.
• Iconic products include the Model S, Model 3, Model X, and Model Y electric cars.
• Tesla also produces solar energy solutions and battery storage systems.
5. Neuralink and The Boring Company
• Neuralink (2016): Musk co-founded this company to develop brain-computer interface technology aimed at treating neurological conditions and enhancing human capabilities.
• The Boring Company (2016): Created to build underground tunnels for high-speed transportation and alleviate urban traffic congestion.
6. Twitter (X)
In 2022, Musk acquired Twitter, rebranded it as X, and aimed to transform it into a global platform for free expression and innovation.
7. Achievements and Legacy
Elon Musk is recognized as one of the most influential figures of the 21st century. His vision of advancing humanity through renewable energy, space exploration, and technology has earned him global recognition and numerous accolades.
• In 2021 and 2022, Musk was named Time Magazine’s Person of the Year.
• As of now, he remains one of the world’s most innovative and ambitious entrepreneurs.
Musk’s mission extends far beyond business success—he envisions a sustainable, technologically advanced future where humanity can thrive both on Earth and beyond.
With its expansive square footage, the mansion offers ample space for both living and entertaining.
The interior design reflects contemporary elegance, blending comfort with high-end finishes and fixtures.
Musk has previously sold all of his California properties, which included nine mansions, for a total of $144 million, as part of his declaration to “own no house.” This strategic move has been linked to his need to raise cash to exercise stock options set to expire soon.
The property features a beautiful waterfront pool and a jacuzzi, perfect for relaxation and entertainment.
Despite Howery’s assertions that Musk only stays as an occasional guest, the Wall Street Journal has reported that Musk has been actively house-hunting in Austin, seeking a trophy property that befits his status as one of the world’s wealthiest individuals.
This mansion in Austin not only provides a lavish living space but also aligns with Musk’s business operations, with Tesla’s headquarters now situated in Austin. The blend of luxury and strategic convenience makes this property an ideal temporary home for Musk while he searches for a permanent residence in the area.
