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Elon Musk’s house is a $50.000 tiny prefab

After selling most of his real estate portfolio, Elon Musk lives in a 37 square meter apartment, a $50.000 prefabricated house.

Categories Elon Musk

Elon Musk, one of the richest men in the world, could afford any luxurious home on Earth. Instead, the entrepreneur, prefers to live in a prefabricated home in Boca Chica, inside his SpaceX headquarters in Texas. But how is the Elon Musk’s house? Musk, according to Forbes, has a wealth of around 158 billion dollars. Through a Tweet, he informed the world that he would be selling all his possessions for this house:

My main house is literally a ~$50k house in Boca Chica/Starbase that I rent from SpaceX. It’s still awesome

Elon Musk

In the last six home sales over the past year, Musk, has made an estimated profit of 16.4 million. One of the most unique sales, in October, was the sale of a 250-square-foot ranch-style home. This belonged to Willy Wonka actor Gene Wilder for 7 million dollars (Musk bought it for 6.3 million dollars in 2013). The sales contract has a special clause: the house “cannot be demolished or lose anything characteristic.”

Elon Musk's house
Credit: Boxabl

Elon Musk’s house: What we know about this prefab

The “Boxable Casita” in which Tesla’s CEO lives is a transportable 6×6 unit of only about 37 square meters. It is set up as a studio apartment and features a fully equipped kitchen, bathroom, living room and bedroom.

Elon Musk, within a year of announcing that he would “sell almost all physical assets” and “not own a home,” purchased the prefab and moved in. Musk has since made good on that promise, selling off most of the properties in his real estate portfolio. Most recently, in June, he listed his most recent possession, located in San Francisco, for 32 million. It is not known, however, whether he lives together with his partner Claire Elise Boucher and their 10-month-old baby, X AE A-XII.

Anyway, it’s still not certain that Musk is staying the other houses in Austin. His fans couldn’t even figure out if he lives with his partner: 32-year-old singer Grimes. This one lives in Austin, unlike Elon’s other five children he had with Wilson Justine, his first wife. The manufacturer of the prefab, Boxabl, lets it be known that it has a waiting list of 47,000 customers who have expressed interest in 100,000 units.

Elon Musk's house
Transportation of a prefab at SpaceX. Credit: Boxabl

Elon Musk’s impact on the Boxabl company

Tiny homes have become an undeniably popular alternative to the classic family home or apartment.
In November, Boxabl said it installed one such home in Boca Chica for a “top secret client.”

Pretty exciting to have these guys as our first customers

Galiano Tiramani

Tiramani is the founder of Boxabl. He firmly believes, during his interviews, that he is doing “something great” for mankind. Boxabl’s identity doesn’t just focus on his interest in Elon Musk’s house.

This company began testing the waters in 2017 when, the Las Vegas-based team decided to create its tiny houses. This team was inspired by the vision of a “huge opportunity to turn building construction around the world into an assembly line,” just like any other everyday product. Different buildings can also be stacked and connected to create larger homes.

Elon Musk's house
Two-floor Casita. Credit: Boxabl

Where does Boxabl stand and what future awaits them

Many of these future customers, like larger companies, want more than one unit, so the “true demand for this initial product is incredibly massive,” Tiramani said. The waiting list, of just under 50,000 people, has been a huge success for this company. This also states that it “doesn’t attribute all this popularity to rumors about Musk.”

In fact, thanks to influencers and social media marketing, the Las Vegas-based business already had a waiting list of 40,000 people before it started getting the attention of Musk fans. His waiting list however then jumped to 47,000 people when the SpaceX rumors broke. That’s nearly 1 billion in reserved prefab homes, according to Boxabl’s estimates.

Despite its popularity, so far the company has built only three small homes.
And, just recently, the company moved into a 16,000-square-foot factory in June, with hopes of producing a home every 90 minutes. So, by some calculation and best hopes, about 3,600 units per year by the end of 2022. Obviously, an automated and standardized process will be used, created “ad hoc” for the occasion.

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