×

Wish Billionaire Peter Szulczewski Drops $15 Million in Bel Air

Location:
Bel Air, Los Angeles, Calif.
Price:
$15.3 million
Size:
11,695 square feet, 7 beds, 9 baths

Although L.A.’s high-end real estate market has recently been faltering, cash-flush tech entrepreneurs have kept it on life support with their headline-grabbing purchases. Uber’s Garrett Camp famously dropped $72.5 million in Beverly Hills, WeWork’s Michael Gross bought a $28 million Brentwood estate, and former Facebook COO Owen Van Natta nabbed a $10 million Santa Monica beach shack.

And more continue to follow their lead. Last month, a brand-new Bel Air mansion sold for $15.3 million in what may have been an all-cash deal. The buyer is Peter Szulczewski, a newly-anointed tech billionaire who is co-founder and CEO of Wish, one of San Francisco’s hottest startups.

Spec-built by a local developer and completed earlier this year, the ultra-contemporary manse sits on a half-acre lot atop a steep ridge, looming directly above Rupert Murdoch’s $30 million vineyard estate. Included in the nearly 12,000 square feet of house is an attached “auto gallery” with space for five luxury vehicles. Though there isn’t much of a front yard, the walled, gated and camera-watched estate additionally features a wee motorcourt for off-street parking.

Guests to the residence will be awed by the all-glass entryway flanked on each side by monolithic slabs of gray stone that soar from the ground to above the home’s roofline. An almost comically massive front door pivots open to a double-height foyer replete with pale brown hardwood flooring, and the adjoining central great room opens to various other spaces — an eat-in kitchen with thickly-veined marble countertops, a formal dining area, and cushy movie theater. Naturally, the ultra-contemporary abode is outfitted with trendy Fleetwood glass sliders, effectively blurring the line between indoors and out in that quintessentially Southern California manner.

Five of the home’s seven bedrooms are located upstairs, with the later two presumably for live-in staff and/or errant houseguests. The master suite has a private sitting room and outdoor terrace lounge, along with the expected boutique-worthy closet and sunny bathroom. Other luxe property amenities include a gym, two wet bars, a 430-bottle wine closet, Control4 home automation, plus an indoor spa and steam room.

Sprawling patios provide numerous options for lounging, sunbathing, al fresco dining or event hosting. There’s also a perfectly rectangular patch of grass anchored by a waterfall feature. And, of course, there’s the fan-shaped infinity pool, with its inset spa, Baja shelf and swim-up bar — perfect for those who enjoy tipsy backstroking — and its jetliner views that extend to the Pacific Ocean and Catalina island on the horizon.

It’s worth noting that although the property is technically located in Bel Air, this is nowhere near the ultra-plum “lower Bel Air” neighborhood — home to Jay-Z and Beyonce, among numerous other billionaires — but rather in a far-flung western corner that’s geographically much closer to Brentwood.

Born and bred in Warsaw, Poland, Szulczewski immigrated to the U.S. by way of Canada. The former Google engineer co-founded Wish — which recently attracted $500 million in investment capital — in 2010 and remains the cut-price e-commerce platform’s largest shareholder, having reportedly turned down acquisition overtures from both Amazon and Alibaba.

Szulczewski compares Wish’s success to Trump’s presidential campaign, saying the firm became the world’s most downloaded e-commerce app by relying heavily on bargain-hunting users from Middle America, folks who constitute the majority of his customer base and are unable to afford the comparatively premium prices of competitors like Amazon Prime.

James Harris and David Parnes of The Agency jointly held the listing; Jon Grauman, also of The Agency, repped Szulczewski.

Popular on Variety

More Dirt

  • Marcus Buckingham Lists Hollywood Hills House

    Marcus Buckingham Lists Sunset Strip Villa

    English bestselling author and motivational speaker Marcus Buckingham is writing himself out of his Hollywood Hills crash pad. Barely two years after he bought the property for $3.3 million, the divorced father is moving on, having attached a $3.75 million pricetag to his charming 1920s home. Set just above the iconic Sunset Strip and a [...]

  • Fred Savage House

    Fred Savage Seeks Sale of Hancock Park Villa

    A Spanish-inspired Mediterranean villa in L.A.’s tony Hancock Park neighborhood, owned by sitcom veteran and showbiz polyglot Fred Savage, has come for sale at close to $5 million. The “Wonder Years” star, a seasoned TV producer and busy director of dozens of sitcoms including “Modern Family” and “2 Broke Girls,” acquired the property a dozen [...]

  • Mario Testino House

    Mario Testino Zooms Out of Hollywood Hills Home

    Internationally renowned fashion and portrait photographer Mario Testino has sold his urbane, art-filled home in Los Angeles, Calif., for a tad more than $5 million. The Peruvian-born beau monde snapper, who’s photographed innumerable European royals and scads of Hollywood heavy hitters over his 30-plus-year career, purchased the property in 2004 for $3.6 million and first [...]

  • Khaldoon Al Mubarak House Brentwood

    Manchester City's Khaldoon Al Mubarak Lists Posh L.A. Mansion

    An Mediterranean-style villa on a particularly charming, tree-lined street in Brentwood — the family-friendly yet enormously wealthy neighborhood on L.A.’s Westside — recently popped up for sale. Owned by cosmopolitan Emirati businessman Khaldoon Al Mubarak, the high-profile chairman of Britain’s Manchester City Football Club, the property has served as a part-time West Coast outpost since [...]

  • Kunal Nayyar House

    Kunal Nayyar Lands Sophisticated Hancock Park Estate

    Kunal Nayyar, one of the stars of the astronomically successful sitcom “The Big Bang Theory” and, hence, for several years running one of the highest earning actors on television, has plunked down a hefty $7.5 million for a stately English Tudor manor house in L.A.’s historic and historically hoity-toity Hancock Park neighborhood. Well below the [...]

  • Michael Jordan Mansion

    Michael Jordan Lists Park City Mansion at $7.5 Million

    MBasketball legend, badass businessman and property gossip column veteran Michael Jordan has hung a $7.5 million price tag on a rustic-modern mansion on the rugged and ritzy northern outskirts of Park City, Utah. According to listings held by Jake Doilney and Charlie Taylor of The Agency in Park City, the furniture is available separately. Property [...]

  • The Ennis House Sells for Record

    Frank Lloyd Wright's Ennis House Sells for $18 Million, Setting New Record

    After an incredible publicity blitz and well over a year on the market, Frank Lloyd Wright’s world-renowned Ennis House — tucked into the foothills of Los Feliz, near L.A.’s hipster-approved Eastside — has sold for $18 million to an as-yet-unidentified buyer. That number, while significantly below the $23 million ask, ranks it as the priciest [...]

More From Our Brands

Access exclusive content