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Elon Musk denies Wall Street Journal report that he lives on Lake Austin below Mt. Bonnell

Elon Musk's Austin residence is his billionaire friend's lakefront home, according to the Wall Street Journal. (Austonia)

Elon Musk’s Austin residence is a waterfront estate of a billionaire friend that was once the most expensive in the city, at least according to a Wall Street Journal report published Wednesday. News of the home, near Mount Bonnell, arrives after some time of Musk saying he lives in a "tiny home" in Boca Chica, Texas.

The richest man in the world has since denied those claims in an email to Business Insider, saying, "the WSJ article is false. I don't live there and am not looking to buy a house anywhere." The Journal has not issued a response.


The WSJ report states PayPal co-founder Ken Howery is the friend lending his home to Musk. Zillow estimates the home's market value is now at $17.9 million. Howery has also since said, "Elon does not live in my home, he lives in South Texas. He stayed at the house as my guest occasionally when traveling to Austin."


Per the WSJ report, the home interior spreads across 8,000 feet and includes a waterfront pool, jacuzzi and private boat slip. The development, known as “Watersedge,” has several sets of gates and a guardhouse. It would now likely sell for multiples of what it originally sold for.

While Musk has said he is not looking for a home, the WSJ says he’s toured some homes in the area. Among the homes he’s expressed interest in is a custom-built mansion owned by Kendra Scott. Musk’s home search has been described as tightly protected, and some anticipate it to remain a mystery for some time after he buys it.

(Austonia)


Musk didn't expand on his current residency but this past summer, he said that his primary home is a $50,000 tiny home in Boca Chica that he described as “kinda awesome.” It’s located next to the SpaceX rocket launch facility.

A Tesla drives into the neighborhood believed to be where Elon Musk stays at in Austin. (Austonia)


Friend Howery co-founded the multi-national financial tech company PayPal, which Musk worked at as an executive early in his career. Howery also co-founded Founders Fund— a venture capital fund that has supported Musk’s companies— with investor Peter Thiel. The three men are part of the “PayPal Mafia,” a term for former executives who grew in success. In the latter half of the Trump administration, Howery was U.S. ambassador to Sweden. Since his term ended, Howery has spent his time traveling, further making many believe Musk would stay there in the meantime.

Musk told the Wall Street Journal earlier this month that he splits his time mostly evenly between Austin's new Tesla Gigafactory and SpaceX in South Texas. If he isn't staying with Howery while in Austin, his local residency remains a mystery.

Rumors that Musk secretly bought the most expensive Austin listing this year, a home that sold for about $39 million, have since been dispelled. It had gone to a California limited-liability corporation with connections to Musk, but the previous owner and their real estate agent have denied that.

This story was updated after publication to include Musk's and Howery's response.

Popular

Tito's releases (not so?) ugly sweater line for the holidays, profits to charity

Tito's Handmade Vodka

Show your love for Tito's and for the community this year with a wide selection of not that ugly, uglyish, ugly, uglier, and ugliest holiday sweaters.

There's lots choose from, and plenty of accessories like scarves and socks, plus gear for your dog, too.

All of the items can be purchased online or at the Love, Tito’s Retail Store in Austin, TX. 100% of all net proceeds from online or in-store purchases go to one of the nonprofits we’ve teamed up with.

Click here to see the entire collection in the Tito's store.

Mac and Cheese Fest and Free Art Exhibit
Waterloo Greenway, Good Vibrations Installation


🗓 All weekend

🎨 Creek Show Art Exhibit

Check out this highly anticipated art exhibition with illuminated art along Waller Creek. Tickets are free and the event includes food vendors, dazzling lights, live music, and hands-on activities

All weekend 6 p.m - 10 p.m | 📍Waterloo Park

✨ Mozart's Light Show

This iconic holiday tradition lights up for the first time this holiday season starting this weekend! Reserve your spot for an enchanting light and sound performance, delicious hot cocoa, sweet treats, and some overall fun with your friends or family. The show runs till January 6th.

6 p.m and 9 p.m | 📍Mozart's Coffee Roasters - 3825 Lake Austin Blvd, Austin, TX 78703

🗓 Saturday

🥊 Kickboxing in the Park

This fitness event is free and open to the public. Get your morning started right with a "Fitness in the park" class for kickboxing! The class will be led by certified instructors and is a great way to get a cardio workout in while also honing your self-defense skills.

10 a.m - 11 a.m | 📍 Metz Park

🛍 The Front Market

Support local LBGTQ+ and female artists at this outdoor market with over 150 vendors. Get your holiday shopping out of the way at this event, with vendors for food trucks, handmade goods, raffles, hands on workshops and activities, and more.

11 a.m - 5 p.m | 📍Ani's Day and Night - 7107 E Riverside Drive, Austin, TX 78741

🗓 Sunday

🧀 Mac and Cheese Fest

Did someone say cheese?! If you're like me and always willing to get your hands on a bowl of mac and cheese, then this event is for you. Check out the Mac and Cheese festival happening this weekend to decide which vendor has. the best mac and cheese for yourself, and enjoy the bar with creative cocktails while you're at it. Tickets start at $45.

11 a.m - 3 p.m | 📍Lantana Place - 7415 Southwest Parkway