• 0
  • Home
  • About Us
  • What We Do

Shopping Cart

GPAM
  • Home
  • About Us
  • What We Do

Opendoor CEO pays $32M for Bel-Air “propeller home”

Opendoor co-founder Eric Wu with Orum Residence at 11490 Orum Road in Bel-Air (SPF Architects, LinkedIn)
Opendoor co-founder Eric Wu with Orum Residence at 11490 Orum Road in Bel-Air (SPF Architects, LinkedIn)

Eric Wu, CEO of Opendoor, has closed the deal on a glass-wrapped Bel-Air mansion shaped like an airplane propeller for $32 million, down from an ask of $56 million.

Wu, the CEO of the San Francisco-based iBuyer, bought the 19,000-square foot home at 11490 Orum Rd., Dirt reported.

The nine-bedroom, 10 full-bath estate was designed by Zoltan Pali, design principal at SPF: architects, based in Culver City.

Soaring atop the Bel-Air hills, the boldly styled home appears from a distance to hover over the city like a descending UFO. The spec mansion was finished in December 2018 and listed for $56 million. The price was slashed to $42 million in May 2021.

“The home’s plan is in a Y-shape with each leg like tentacles reaching out to the city below and creating three different exterior courtyards allowing for different activities such as arrival, entertaining, playing and relaxing,” Pali told the New York Post last fall.

The avant-garde home, dubbed the Orum Residence, was featured last year in a Tiffany & Co. advertisement featuring Jay-Z and Beyoncé, who became the fourth woman to wear a $30 million, 128-carat yellow diamond necklace donned by Audrey Hepburn for the 1961 film “Breakfast at Tiffany’s.”

The three-story home, on 1.6 acres across a Bel-Air hilltop peninsula, has 270-degree views of Downtown LA, Century City, Getty Center, Santa Monica and the Pacific Ocean.
It was built on spec by Thai heiress and real estate developer Dang Bodiratnangkura, wife of Olympic figure skating champion Evan Lysacek.

Records show she paid $6.1 million for the property in 2014, and then demolished the existing home. It then took her more than a year to secure permits for the aggressively styled new construction.

The three-story glass-walled building “floats” in the shape of an airplane propeller.
It’s finished in gold, white and black marble imported from Italy, Switzerland, Turkey and China, as well as limestone from Portugal and Italy, according to Realtor.com.

The mega-mansion has dual chef’s kitchens and living rooms, a 1,000-bottle wine room, a Dolby Atmos theater and a wellness center. A central “floating” staircase zig-zags its way up from the foyer to the penthouse.

Outside, it has shaded patios, fire pits, an LED-lit ozone pool and hot tub, a 30-car motor court, a four-bed guest house, and a large grass yard.

Wu, a longtime resident of San Francisco’s posh Pacific Heights neighborhood, helped launch Opendoor in 2014. The firm went public in December 2020, briefly making the tech entrepreneur a billionaire before its stock price fell.

[Dirt] – Dana Bartholomew

[contact-form-7 404 "Not Found"]
Read more
  • Here are the big winners from Opendoor’s IPO
  • This man wants to make your home a commodity
  • Bottega Louie owner sells Bel Air mansion

The post Opendoor CEO pays $32M for Bel-Air “propeller home” appeared first on The Real Deal Los Angeles.

Powered by WPeMatico

  • 25 April 2022
  • The Real Deal
  • Uncategorized
  •  Like
Harkham family buys in Highland Park →← Midwestern retail magnate sells Malibu house for $35M
  • Recent Posts

    • Is CEQA win first shot at a broader overhaul for resi market?   July 5, 2025
    • Hankey finances bargain-bin hotel buy near SF’s Union Square July 3, 2025
    • Industry group flails as CEQA adjustments hit California builders unevenly July 3, 2025
    • Orange County office tower sells for discounted $19M July 3, 2025
    • City to deploy $425M of “mansion tax” money in record spending plan July 3, 2025
  • Recent Comments

    • Archives

      • July 2025
      • June 2025
      • May 2025
      • April 2025
      • March 2025
      • February 2025
      • January 2025
      • December 2024
      • November 2024
      • October 2024
      • September 2024
      • August 2024
      • July 2024
      • June 2024
      • May 2024
      • April 2024
      • March 2024
      • February 2024
      • January 2024
      • December 2023
      • February 2023
      • January 2023
      • December 2022
      • November 2022
      • October 2022
      • September 2022
      • August 2022
      • July 2022
      • June 2022
      • May 2022
      • April 2022
      • March 2022
      • February 2022
      • January 2022
      • December 2021
      • November 2021
      • October 2021
      • September 2021
      • August 2021
      • July 2021
      • June 2021
      • May 2021
      • April 2021
      • March 2021
      • February 2021
      • January 2021
      • December 2020
      • November 2020
      • October 2020
      • September 2020
      • August 2020
      • July 2020
      • June 2020
      • May 2020
      • April 2020
      • March 2020
      • February 2020
      • January 2020
      • December 2019
      • November 2019
      • October 2019
      • September 2019
      • August 2019
      • July 2019
      • June 2019
      • May 2019
      • April 2019
      • March 2019
      • February 2019
      • January 2019
      • December 2018
      • November 2018
      • October 2018
      • September 2018
      • August 2018
      • July 2018
      • June 2018
      • May 2018
      • April 2018
      • March 2018
      • February 2018
      • January 2018
      • December 2017
    • Global Property and Asset Mangement, Inc.
      137 North Larchmont
      Los Angeles, California 90010
      +1 213-427-1127

    © 2025 GPAM