In the high summer of last year it was reported that Elon Musk was engaged in negotiations with Los Angeles-area real estate developer Ardie Tavangarian for the sale of several of Musk’s Bel-Air residences. It appears that the properties have closed, at ask, and that Tavangarian was the buyer.
Followers of trends in the area’s market will recall that Musk had abruptly self-listed his half-dozen homes near the Bel-Air Country Club, selling the first—and, at 17,000 sq. ft., the largest—in short order to online gaming billionaire William Ding. The second, a quirky ranch that was the longtime home of Gene Wilder, was returned to the Wilder family when the writer-director-actor’s nephew stepped up with $7 million in October.
Tavangarian’s interests included all four of Musk’s Bel-Air homes that remained for sale. The properties had been listed with a combined asking price of $62.5 million, and sold in the last days of 2020 for around that amount.
Among the houses is a 1954-built modern that contains four bedrooms and six baths across 7,000 sq. ft. of interior living space. It features a bright white exterior, extended eves, oversize windows, and plentiful balcony and terrace space; it also sits on a three-acre lot that offers panoramic views of the city.
The other three houses are somewhat smaller, and scattered near a cul-de-sac in the upscale neighborhood. They include a Georgian-inspired traditional and a ranch.
Musk still owns a baronial estate in Silicon Valley. That property hit the market earlier this year with a $35 million price tag.
Musk’s net worth is soaring so fast that it’s hard to keep track of. It was around $11 billion when he was in buying mode, but that was back in 2016. His net worth today is north of $150 billion.