Opendoor’s mission statement is to “empower everyone with freedom of movement.” And it’s probably a good guess that Eric Wu — CEO and co-founder of the $5 billion real estate tech startup — was feeling very empowered when he recently paid about $32.3 million for Orum Residence, an all-glass mansion in Los Angeles. Rising in the hills of Bel Air, the boldly designed house cuts through the clouds like a three-pronged scythe.
The deal closed off the market last week, although the house had previously been on the market for years and thus was filmed and videotaped for numerous publications. (Last year, Beyoncé and Jay-Z filmed an ad for Tiffany & Co. on location.) With nearly 19,000 square feet, the massive and extremely impressive structure was designed by Zoltan Pali, the famed Los Angeles architect known as his avant-garde. buildings.
And Bel Air House is no exception to Bali’s dynamic list of businesses. In certain angles, it resembles a giant glass propeller of an airplane, with three distinct wings protruding from a single central node. Passengers enjoy panoramic views as they dance across the Los Angeles skyline, from downtown skyscrapers to the Getty Center.
Despite its architectural origin and abundance of style, the palace struggled to attract a buyer. It was completed in 2018, has been on the market for more than three years, and the initial price has dropped from $56 million to $42 million. The final sale price is approximately 43% off the original order.
Built on speculation by Thai heiress and real estate developer Dang Bodiratnangkura, wife of Olympic ski champion Evan Lysacek, the nine-bed, 15-bathroom structure took four years to build. Records show that $6.1 million was paid for the property in 2014, and the existing home was demolished. It reportedly took more than a year to aggressively secure permits for new, contemporary construction.
But inside, the home’s décor is more subtle than its glossy exterior might suggest, with a muted mix of white, grey, and taupe. However, there are many bespoke amenities – a cedar sauna, a massage room, a 1,000-bottle wine cellar, a home theater with Dolby Sound, as well as a modern automation system with lights, air conditioning, TVs, sound, and cushion-controlled automatic sliding doors. touch screen. The basement garage is connected by two lifts that take occupants to the different levels of the three-story house, and a central ‘floating’ staircase winds its way up from the hallway to the penthouse level.
Outside, there is a large swimming pool illuminated by LED lights; An outdoor kitchen serves wrap-around patios, as well as two fire pits. A large car park and separate lawn provide ample space to host festivals and other large-scale events.
Now in his late 30s and a longtime resident of the posh Pacific Heights neighborhood of San Francisco, Wu started Opendoor in 2014. The San Francisco-based company was floated in December 2020, making the veteran tech entrepreneur a billionaire briefly.
