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A historic Los Angeles home once owned by actor Gene Wilder and later by Elon Musk is heading to foreclosure auction.
According to Mansion Global, the property, originally listed for $12.95 million in August, has been significantly reduced to $9.5 million.
Wilder, who died in 2016, was best known for his portrayal of Willy Wonka in “Willy Wonka & the Chocolate Factory.”
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Built in 1951 by renowned architect Robert Byrd, the white shingle house is a piece of Hollywood history. The current owners, who purchased the home from Musk with a loan, have fallen behind on payments, leading to foreclosure proceedings.
The property will be auctioned unless a buyer is found before next month.
Musk purchased the 2,756-square-foot residence for $6.75 million in 2013. In 2020, he announced on Twitter (now X) his intention to sell “almost all physical possessions” and “own no house.” He stipulated that this Bel-Air home should not be demolished or altered in a way that would diminish its character.
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Following through on his pledge, Musk later sold the house to filmmaker Jordan Walker-Pearlman (Wilder’s nephew) and his wife, Elizabeth Hunter, for $7 million.
Musk loaned the couple $6.7 million through a limited liability company (LLC) to facilitate the purchase, but Walker-Pearlman has since fallen behind on payments. In July, a notice of default was issued, followed by a notice of trustee’s sale earlier this month. The home is scheduled for public auction on Dec. 3, where it will be sold to the highest bidder.
Walker-Pearlman and Hunter are cooperating with Musk and told The Wall Street Journal they are “at peace” with the foreclosure process.
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Like Musk’s 2020 tweet, the current listing stipulates that the property cannot be demolished. Drew Meyers of Westside Estate Agency told Mansion Global that a restrictive covenant is part of the package to preserve the property’s historic nature.
