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A historic Los Angeles home once owned by actor Gene Wilder and later Elon Musk is about to be foreclosed.
According to Mansion Global, the property, which was originally listed in August for $12.95 million, 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 famed architect Robert Byrd, the white shingle house is a piece of Hollywood history. The current owners, who bought the house with a loan from Musk, 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 home in 2013 for $6.75 million. In 2020, he announced on Twitter (now X) his intention to sell “almost all physical possessions” and “not own a house.” He determined that this Bel-Air home should not be demolished or altered in a manner that would affect its character.
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Following through on his promise, Musk later sold the house to filmmaker Jordan Walker-Pearlman (Wilder’s cousin) 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. A notice of default was issued in July, followed by a notice of default earlier this month. The house is scheduled for public auction on December 3, where it will be sold to the highest bidder.
Walker-Pearlman and Hunter are working 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 character.
“A Robert Byrd house of this significance should never be demolished,” Meyers said. “It needs to be restored and brought back to life while retaining its beautiful soul. We want to ensure it is sold to someone who appreciates its timelessness.”
The four-bedroom home features original wood-beam ceilings, inviting fireplaces and an open floor plan. A round bar forms the heart of the property, complemented by a gourmet kitchen and panoramic views.
Outdoor amenities include multiple seating areas, meticulously landscaped gardens and a kidney-shaped swimming pool.
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This article Elon Musk’s Former LA Home Gets a $3.5M Price Cut Ahead of Foreclosure originally appeared on Benzinga.com
