In an uncertain media climate of layoffs and disruption, Shane Smith isn’t hurting much.
The CEO of Vice Media just bought his second Los Angeles home: a $3.8 million estate in the ritzy Rustic Canyon neighborhood of the Pacific Palisades, The Real Deal has learned.
The five-bedroom, 2,615-square-foot house is described in its listing as having elements of “rustic modernism.” A “tree top” master suite on the second story provides views of the Canyon tree canopy. Diana Braun of Compass was the listing agent. Frank Langen of Deasy Penner & Partners represented Smith.
The Palisades buy follows his 2015 purchase of a $23 million estate in Santa Monica, roughly a mile away. That house, on Channel Road, was used in the movie “Beverly Hills Cop.”
Smith also owns an apartment in New York City. He bought a unit at 20 Desbrosses Street in 2009 for $2.2 million.