Elon Musk, the CEO of Tesla and SpaceX, is reportedly spending a considerable amount of time at a luxurious waterfront mansion in  Austin, Texas, despite his public claims of living in a modest $50,000 modular home at SpaceX’s Boca Chica site. This mansion, owned by his fellow PayPal co-founder Ken Howery, is located in the exclusive Watersedge community on Lake Austin.

The estate boasts stunning views of the Colorado River, providing a serene and picturesque setting.

A private boat slip adds an element of exclusivity and convenience for water activities.

The estate, which Musk has been using as a guest, is an 8,000-square-foot mansion featuring high-end amenities that reflect the luxurious lifestyle often associated with billionaires. The property includes a waterfront pool, jacuzzi, and private boat slip, offering a serene and private retreat. It was purchased by Howery for over $12 million in 2018, setting a record for the Austin 
real estate market at the time. Given the booming property values in Austin, the mansion’s worth has likely increased significantly since then.