Elon Musk has retaken ownership of a storied piece of Los Angeles real estate — the former Bel-Air residence of legendary actor Gene Wilder. This comes after a foreclosure process concluded earlier this year, transferring the deed back to an LLC controlled by Musk following a default on a private loan extended to Wilder’s nephew, director Jordan Walker-Pearlman.
A Home Steeped in Hollywood History
Located at 10930 Chalon Road, this four-bedroom, four-bathroom property spans 2,756 square feet and is set along the prestigious Bel-Air Country Club. Originally built in 1951, the home became an iconic retreat for Wilder, who lived there for decades with his late wife, comedian Gilda Radner.
Musk originally acquired the residence in 2013 for $6.75 million. In 2020, as part of a personal initiative to downsize his real estate holdings, he offered the home to Walker-Pearlman through a $6.7 million private loan. The transfer allowed Wilder’s nephew to return to a home he had known intimately since his childhood.
During his four-year residency, Walker-Pearlman took on the restoration of the home, reviving many of the property’s original design elements while modernizing key areas. The house became the filming location for his autobiographical project, The Requiem Boogie, a tribute to Wilder and Radner.
A Graceful Transition
In a statement to The Hollywood Reporter, Walker-Pearlman described the foreclosure and repossession process as “orderly and convivial,” further emphasizing that the transition was managed collaboratively and without dispute. “Elon gave me the gift of time travel, or at least as close to it as someone in the worldly world can experience,” he reflected.
The foreclosure was reportedly triggered by financial difficulties during the 2023 Hollywood strikes, which affected many creatives across the entertainment industry. In August 2024, the home was listed for $12.95 million, later reduced to $9.5 million due to limited buyer interest. The property was eventually sold back to Musk’s LLC for $7.58 million at a foreclosure auction held in January 2025.
As part of the sale, a restrictive covenant was established ensuring the home’s preservation in honor of its historic and emotional significance.
What This Means for the Real Estate Market
This high-profile real estate transition highlights several key realities of the Los Angeles luxury housing market:
- Legacy homes with celebrity provenance continue to generate interest and hold symbolic value.
- Private financing arrangements, while often mutually beneficial, still carry risk and are subject to market volatility and broader economic impacts (like industry-wide strikes).
- Prestigious locations like Bel-Air maintain strong real estate value even amid fluctuating market conditions.
Thinking of Buying or Selling a Home in Los Angeles?
At Boutique Realty, we specialize in helping buyers and sellers navigate Los Angeles’ dynamic luxury market — from Bel-Air to Beverly Hills and beyond. Whether you’re searching for a historic home with character or a modern estate with every amenity, our team brings local expertise, discretion, and unmatched client service to every transaction.
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