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  4. SpaceX offered $150,000 for a waterfront home next to its launch facilities, but its owner says that's one-third of the price of similar properties: report

SpaceX offered $150,000 for a waterfront home next to its launch facilities, but its owner says that's one-third of the price of similar properties: report

Kate Duffy   

SpaceX offered $150,000 for a waterfront home next to its launch facilities, but its owner says that's one-third of the price of similar properties: report
  • SpaceX offered $150,000 for a home next to its launch facilities in Boca Chica, Texas, per NBC News.
  • The offer was one-third of the price of similar waterfront houses in the village, the owner said.

A resident of a South Texas village $4 that SpaceX wanted to buy her house for $150,000 but that the company's offer was one-third of the price of similar properties nearby.

SpaceX is building its $4 city in Boca Chica, where the company has launched its $4 and $4.

Some residents have said SpaceX made offers for their homes that they $4 or were too low to buy similar homes elsewhere. The Wall Street Journal $4 that SpaceX had bought at least 112 parcels of land in the area.

Celia Johnson, a retiree who owns a three-bedroom waterfront ranch in Boca Chica, told NBC News that she held out on SpaceX's offer because it was too low, based on the prices of lower-quality properties in the area.

Johnson said a similar waterfront house near her home would cost about three times as much as SpaceX's offer.

Zillow, a real-estate marketplace, says on its $4 that the typical value of a home in Boca Chica is about $120,700 and that property prices have increased by about 22.3% over the past year. In South Padre Island, across the bay from Boca Chica, the typical home value is $349,200, according to $4.

$4 on Zillow and $4 indicate that some homes in Brownsville, the nearest town to Boca Chica, are selling for $4 and $4.

Johnson and Maria Pointer, another Boca Chica resident, told NBC News that a real-estate agent representing Elon Musk's company had told them their properties could be seized by the state under eminent domain.

SpaceX didn't immediately reply to Insider's request for comment.

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