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Originally published Friday, December 6, 2013 at 8:02 PM

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Elon Musk revs up real-estate holdings in Bel Air

This is not Elon Musk’s first venture into the desirable neighborhood. The billionaire entrepreneur and inventor earlier paid $17 million for a 20,248-square-foot mansion across the street.


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Elon Musk, who heads electric-car company Tesla Motors, has shelled out $6.75 million on the former Gene Wilder estate in the affluent Los Angeles neighborhood of Bel Air.

The sellers are financier Paul Kessler and his wife, attorney and businesswoman Diana Derycz-Kessler, who invest in real estate.

The promontory home on three-quarters of an acre overlooks the 13th green and 14th fairway of the Bel-Air Country Club. It was described in the listing as an “opportunity to develop a view property.”

The existing ranch-style home of 2,800 square feet has three bedrooms and 4.5 bathrooms. There’s also a kidney-shape swimming pool and a guest cottage.

This is not Musk’s first venture into the desirable neighborhood. The billionaire entrepreneur and inventor earlier paid $17 million for a 20,248-square-foot mansion across the street.

Musk, 42, is also chief executive of rocket maker SpaceX. He co-founded the Internet payment company that would become PayPal.

Wilder, 80, is known for his roles in such Mel Brooks films as “Young Frankenstein” and “Blazing Saddles.”

Los Angeles Times



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