When tech giant PayPal acquired Honey, a browser extension that aggregates and applies online coupons, for $4 billion in 2019, the sale made co-founders George Raun and Ryan Hudson worth a combined $1.5 billion.
And what to do with that kind of money? A lot, apparently. Raun first purchased this Bel-Air home in 2020 for $60 million and just over two years later, is selling it for a whopping $150 million—no discount code applied. After purchasing the unfinished home in 2020, Raun enlisted renowned architecture and design firm Saota, as well as Woods + Dangaran, to create a one-of-a-kind trophy estate. It was quite the extensive renovation and took nearly two years to fully complete. Raun never lived in the home.
The architectural masterpiece sits on 1.15 acres of land and rests above a promontory that offers 360-degree views of Los Angeles. The main house sprawls over 21,000 square feet, and there’s also a separate guest house with its own pool. The concrete-clad home has two levels that overlook the backyard through walls of glass. Inside, the open-plan living spaces seamlessly flow into one another and are further accentuated by a bright, neutral color palette; natural materials, like plenty of light-colored wood paneling; and high ceilings.
There are nine bedrooms, including a luxurious primary bedroom with an open terrace. It also has two large closets with marble accents that wouldn’t look out of place in a designer’s showroom. There’s also a gorgeous and spacious bathroom with a soaking tub. The high-quality materials and finishes are seen throughout the home, but best exemplified in the chef’s kitchen, dining room, and living spaces.
Amenities include a theater, library, gym, and a spa with Japanese dipping pools. The first level of the home provides seamless indoor-outdoor living, and the glass sliding doors open onto the resort-like backyard. Outside, there’s an infinity pool, poolside sunken fire pit, outdoor kitchen, and perfectly manicured landscaping, all overlooking Los Angeles.
Just next to the home is a detached one-bedroom guest home with its own private pool and another gym and spa. Additionally, there are three separate staff quarters with a prep kitchen and laundry room. It’s just as much a family retreat as it is an entertainer’s paradise.
“This home exemplifies architectural triumph in its truest form, making it a trophy estate that will be celebrated for years to come,” says listing agent Aaron Kirman of the Aaron Kirman Group at Compass.
The gated home is situated in one of L.A.’s wealthiest and most coveted neighborhoods. Other major sales in the area recently include ‘The One’ megamansion, bought by Fashion Nova CEO Richard Saghian for $141 million at auction. Though the U.S. housing market just hit a break after a whirlwind past few years, ultra-luxury homes will always be in demand. Outside of L.A. in Malibu, other tech entrepreneurs and billionaires have made some jaw-dropping purchases. These include Marc Andreessen’s record-breaking $177 million transaction for a 13-structure Malibu compound, and two other homes purchased at $44 million and $34 million.