Real Estate: Elon Musk's Troubling Foreclosure in Los Angeles

The Shocking Foreclosure of an Iconic Real Estate Gem

In the heart of Bel-Air, a charming residence with a star-studded past is now on the brink of foreclosure by billionaire Elon Musk. Once owned by the late actor Gene Wilder, this four-bedroom property was built in 1951 and hosts 2,750 square feet of living space, wood-beamed ceilings, cozy fireplaces, and a distinctive circular bar as some of its standout features.

A Glimpse at the Property's Features

• This stunning home includes an outdoor area with a pool.
• Manicured gardens abound for peaceful relaxation.
• Multiple spaces for alfresco dining await gatherings.

Bel-Air offers sweeping views of the golf course, the city skyline, and the ocean. Properties in the neighborhood are listed for as much as $115 million, as reported by Meyers.

Musk's Acquisition and Current Predicament

Enter Elon Musk, who bought the home in 2013 for $6.75 million, drawn by its unique character and connection to Wilder, who was his neighbor at the time.

In 2020, Musk sold the property to Jordan Walker-Pearlman, a filmmaker and Wilder's nephew, along with his wife, screenwriter Elizabeth Hunter, for $7 million. The couple financed the deal with a $6.7 million loan from Musk.

However, last year, the couple was hit hard by the writers' and actors' strike and fell behind on their loan payments. In late July, Musk's team filed a notice of default, kicking off the foreclosure process. The couple listed the house for $12.95 million, with Meyers handling the sale.