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BUYER: Shane Smith
LOCATION: Santa Monica, CA
PRICE: $3,825,000
SIZE: 5 bedrooms, 3.5 bathrooms

YOUR MAMA’S NOTES: Not even a year after Vice Media co-founder and CEO Shane Smith dropped a heavy duty $23 million on a lavish compound in Santa Monica, the energetically provocative, Emmy-winning multi-media muckraker has shelled out, as was first revealed by the eagle-eyed property gossips at The Real Deal, another $3.825 million for a much more modestly proportioned although far from inexpensive rustic-modern residence that’s less than 2,000 feet away as the crow flies in Pacific Palisades. Listing details show the two-story residence, a carefully considered contemporary expansion of a modest 1950s ranch house that mixes sleek and clean lines with rugged and machined materials, has a total of five bedrooms and 3.5 bathrooms in an undisclosed amount of square footage.

The main living and entertaining room has a pitched ceiling and over-sized firebox simply set without fanfare or ornament into a long and crisp expanse of white brick topped by a long row of clerestory windows. A good-sized portion of a room-wide bank of floor-to-ceiling windows on the opposite wall from the fireplace slides open to a broad stone terrace while the dining room is completely open to the smallish-looking but stylish and well-equipped kitchen that features book-matched walnut cabinetry fitted with elongated metal hardware and an under-counter booze fridge. There are three family bedrooms plus a fourth guest bedroom/office/den on the lower floor and the second floor is given over entirely to a 410-square-foot master suite with built-in shelves and storage, private bathroom, and serene treetop and sky views through floor-to-ceiling windows. The house sits nicely above the street on an elevated pad behind a tall and dense hedgerow that encircles and completely privatizes the front yard where generous stone terracing incorporates a dining ramada an surrounds a lap-lane swimming pool and spa.

Last year Canadian-born and bred Mister Smith surprised property gossips and real estate watchers when, as mentioned above, he coughed up $23 million for Villa Ruchello, a 3.35-acre Santa Monica canyon compound that was the long-time home of director Henry Jaglom and actress-writer Victoria Foyt and was featured in the film “Beverly Hills Cop” as well as the comedy series “Entourage.” Presumably the Smiths have an extensive and, no doubt, brutally expensive overhaul planned for the A-Lister compound that at the time of their purchase included a grand 1920s Mediterranean mansion with 8-bedrooms along with a two-bedroom guesthouse, two-bedroom gatehouse, and spacious cabana with bathroom next to the 72-foot long swimming pool. Mister Smith and his wife Tamyka also maintain a residence in New York City where our research suggest they own two apartments in the same Tribeca building: a 2,321-square-foot loft-style residence bought in October 2009 for $2,225,000 and a smaller unit on another floor picked in May 2012 for $775,000.

Listing photos: Deasy Penner & Partners