Six years after they acquired it, maverick media mogul Shane Smith and his wife Tamyka have officially flipped out, slapping a $50 million pricetag on Santa Monica’s epic Via Ruchello estate. It underwent a multimillion-dollar, Kerry Joyce-designed revamp during the Smiths’ tenure there, however, with careful attention paid to restoring and retaining the property’s period details and classic grandeur, while at the same time adding a wealth of modern updates. The Canada native served as the firm’s CEO until 2018, when he stepped down to become executive chairman of the business. This story first appeared on Dirt.com, which features additional photos. All rights reserved. The sprawling residence sits on 3.35 acres and spans three buildings for a total of 14,000 square feet. The grounds, meanwhile, hold a 74-foot pool; a Japanese-style cedar hot tub; a bocce ball court; citrus tree groves; edible gardens; a children’s play area; private water wells; and a pool house equipped with a pizza oven, an Argentinian grill and a full bath. They found and built upon such atmosphere at Villa Ruchello, a property in Santa Monica dating back to 1932. Shane Smith and his Santa Monica estate (Photos via Getty; The Agency) Here’s more evidence that the Los Angeles luxury market remains hot: Vice Media co-founder Shane Smith … Should the property sell for anywhere near that amount, it would rank as the biggest residential deal in Santa Monica history, and easily one of the biggest deals ever recorded on L.A.’s Westside. But with the comfort and standard of today's living.". | California Privacy Rights Sitemap | Shane Smith, the cofounder of Vice Media, is selling his Mediterranean-style compound in Santa Monica, Los Angeles. "At this property, you feel like you go a little bit back in time,” says listing agent Santiago Arana of The Agency. There are also two kitchens. © 2021 The Hollywood Reporter, LLC. FACEBOOK Smith on "Late Night with Seth Meyers" in 2017. Santiago Arana of The Agency holds the listing. To the general public, however, the house may be best-known for its very central role in the 1994 blockbuster “Beverly Hills Cop,” the film that launched Eddie Murphy to international stardom. Smith, 51, co-founded Vice magazine in 1994 and helped transform it from a print magazine into a digital leviathan with. Frank Langen of Deasy Penner & Partners represented Smith. Perhaps the property’s most covetable feature is its private setting, tucked deep into Santa Monica canyon and invisible from the street behind massive gates and a jungle’s worth of leafy foliage. Jaglom and Foyt picked up the compound in 1994 for almost $3.2 million, and first put it up for sale at $29.5 million, around the time of their 2013 divorce. The media mogul had … Shane Smith, mastermind behind Vice’s ever expanding empire, has relocated to Santa Monica, California, where he and his wife, Tamyka, have restored a … THE HOLLYWOOD REPORTER is a registered trademark of The Hollywood Reporter, LLC. Built in the 1930s, was long owned by Harry Jaglom and his ex-wife Victoria Foyt, who sold the property to the Smiths. Vice CEO Shane Smith says he bought ... Vice Media CEO Shane Smith shelled out $23 million for a massive property in Santa Monica, ... His wife had scoped out what she called their perfect house. And though that’s $2 million less than the eye-popping $50 million price tag the couple placed on the Mediterranean-style compound back in early February, it’s still an all-time record for L.A.’s Westside communities of Santa Monica, Brentwood and Pacific Palisades. 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