Elon Musk reclaims actor Gene Wilder's Bel-Air property after loan default
Tesla CEO
Elon Musk has reportedly reclaimed ownership of actor
's iconic Bel-Air home after the late star's nephew,
Jordan Walker-Pearlman
, defaulted on a loan he received from the tech billionaire to purchase the property in 2020.
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Musk initially acquired the single-family Los Angeles home in 2013 for $6.7 million. In 2020, he had expressed intentions to sell the property, stating at the time that he planned to 'own no house.' It was later revealed that Musk had lent Walker-Pearlman and his wife, Elizabeth Hunter, $6.7 million to buy the home from him. However, the couple reportedly fell behind on loan payments, prompting Musk to move to foreclose on the property in July 2024.
According to a report by Realtor.com, Musk had planned a public auction for the property in December 2024. Yet, January 2025 records indicate the home was ultimately purchased for $7.5 million through an LLC owned by Musk, the report notes.
Why Gene Wilder's nephew felt short on his loan payments
While living in the home, the couple worked to
'restore the house to much of how Gene had it (with modern editions and no shag carpeting) during his golden period there,'
Walker-Pearlman told The Hollywood Reporter.
However, the
foreclosure
sale details and ownership transition were kept private. Walker-Pearlman said,
'Everything was orderly and convivial.'
He was reportedly financially affected by the 2023 Hollywood writers' and actors' strikes, which led to delays in loan payments. He previously mentioned to the outlet that there was no ill will between him and Musk regarding the foreclosure notice.
In a statement from 2024, Walker-Pearlman said:
'It was an opportunity that allowed me to film my autobiographical movie, The Requiem Boogie, in the house where so many childhood memories in it actually took place.
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It has been a very special and magical four years. Collectively and in coordination with Mr. Musk and his team, we took the steps we are taking now.'
He and his wife first attempted to sell the house on their own, listing it for $12.95 million in August 2024, but were unable to secure a buyer. The asking price was later reduced to $9.5 million in November 2024.
That same month, Walker-Pearlman and Hunter were notified that the property was scheduled for auction in December 2024.
As per Realtor.com, the notice cited an outstanding loan balance along with 'reasonable estimated costs, expenses, and advances,' totalling $7.5 million.
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Elon Musk reclaims actor Gene Wilder's Bel-Air property after loan default
Tesla CEO Elon Musk has reportedly reclaimed ownership of actor 's iconic Bel-Air home after the late star's nephew, Jordan Walker-Pearlman , defaulted on a loan he received from the tech billionaire to purchase the property in 2020. Tired of too many ads? go ad free now Musk initially acquired the single-family Los Angeles home in 2013 for $6.7 million. In 2020, he had expressed intentions to sell the property, stating at the time that he planned to 'own no house.' It was later revealed that Musk had lent Walker-Pearlman and his wife, Elizabeth Hunter, $6.7 million to buy the home from him. However, the couple reportedly fell behind on loan payments, prompting Musk to move to foreclose on the property in July 2024. According to a report by Musk had planned a public auction for the property in December 2024. Yet, January 2025 records indicate the home was ultimately purchased for $7.5 million through an LLC owned by Musk, the report notes. Why Gene Wilder's nephew felt short on his loan payments While living in the home, the couple worked to 'restore the house to much of how Gene had it (with modern editions and no shag carpeting) during his golden period there,' Walker-Pearlman told The Hollywood Reporter. However, the foreclosure sale details and ownership transition were kept private. Walker-Pearlman said, 'Everything was orderly and convivial.' He was reportedly financially affected by the 2023 Hollywood writers' and actors' strikes, which led to delays in loan payments. He previously mentioned to the outlet that there was no ill will between him and Musk regarding the foreclosure notice. In a statement from 2024, Walker-Pearlman said: 'It was an opportunity that allowed me to film my autobiographical movie, The Requiem Boogie, in the house where so many childhood memories in it actually took place. Tired of too many ads? go ad free now It has been a very special and magical four years. Collectively and in coordination with Mr. Musk and his team, we took the steps we are taking now.' He and his wife first attempted to sell the house on their own, listing it for $12.95 million in August 2024, but were unable to secure a buyer. The asking price was later reduced to $9.5 million in November 2024. That same month, Walker-Pearlman and Hunter were notified that the property was scheduled for auction in December 2024. As per the notice cited an outstanding loan balance along with 'reasonable estimated costs, expenses, and advances,' totalling $7.5 million.
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