Opendoor co-founder Eric Wu is looking to sell his propeller-shaped home in Los Angeles for $40 million, Mansion Global has learned.
The glass-encased home on Orum Road sits on a Bel-Air hilltop with open views in all directions. The home, designed by notable architect Zoltan Pali, includes three wings shaped like the letter “Y” with curved curtain walls that offer expansive views from Downtown L.A. to the ocean. The home spans almost 19,000 square feet, with another 6,000 square feet of outdoor space.
“What originally drew me to the home was its one-of-a-kind architectural design that stands apart from conventional box-shaped properties,” Wu told Mansion Global via email. “I was searching for something distinctive and this home immediately captivated me with its artistic vision.”
The three-story megahome was built in 2018 and listed for $56 million but failed to sell. It was then featured in a Tiffany & Co. advertisement starring Beyoncé and Jay-Z titled “About Love” in 2021 and on Netflix’s “Buying Beverly Hills” in 2022. Wu purchased the home for $32.25 million shortly after, according to property records, paying significantly less than the $42 million it was asking at the time.
The home was built by Thai heiress and real estate developer Dang Bodiratnangkura in conjunction with Pali, the founder of Los Angeles-based architecture firm SPF:architects, according to design magazine Dwell.
It includes nine bedrooms, 10 bathrooms, a cedar sauna, a 1,000-bottle wine cellar, a home theater, a winged pool that lines up with the edge of the hilltop and multi-level decks that offer varying views. The first floor of the main home is dedicated to entertaining, the upper floors are for private living and there is a separate four-bedroom guest house with its own garage.
The decks are Wu’s favorite part of the home, he said. “They almost create an experience of floating above the clouds as you look into the city and ocean, especially during the sunsets.”
In fact, Pali designed the home to hover above the hilltop with the top floor—wrapped in a glass curtain wall—exending past the level below it, and the lower floors built into the hillside. Additionally, one wing extends over a glass-encased living room and an open deck supported only by pillars, giving it the impression of floating in space. Another feature is alternating glass panels of different thickness, some of which mirror the surroundings and add contrast.
“You can see it’s an architecturally significant property,” said James Harris of Bond Street Partners, who plans to list the home later this month alongside his colleague David Parnes.
Wu co-founded the real estate tech firm Opendoor in 2014 with Keith Rabois, Ian Wong and JD Ross. The company went public via a special-purpose acquisition company, otherwise known as a SPAC, at the end of 2020. Its value initially soared, but the stock price cratered over the ensuing years, alongside many other tech companies that rode an early pandemic high. Wu left Opendoor at the start of 2024 after serving as its CEO and president but said he’d stay on as an adviser to the firm.
He’s looking to sell as he’s relocated to New York and is no longer spending as much time in Los Angeles. “Unfortunately,” Wu added.
Story courtesy of Mansion Global
Represented by James Harris & David Parnes | 11490 Orum Rd, Bel Air, CA | Asking $39,950,000
