The executive chairman of Vice Media, Shane Smith, has put his storied Santa Monica estate on the market for $50 million—making it the priciest property in the area.
That is fitting, because the estate, known as Villa Ruchello, is also one of the largest properties in the area. It measures a whopping 3.35 acres.
Smith paid $23 million for the property back in 2014, when the Mediterranean-style home was in quite a state of disrepair. Smith’s wife, Tamyka, told the Wall Street Journal that they had had to replace all the plumbing, all the electrical, the roof, and more.
The renovation was a multimillion dollar project, overseen by the noted designer Kerry Joyce. Her mission was to restore the original details, brimming with old Hollywood glamour, then to seamlessly fuse those vintage elements with up-to-the-minute technology—while using materials and accessories curated from around the world.
“This property is truly one of a kind, and there is nothing else like it in Los Angeles,” says the listing agent, Santiago Arana of The Agency.
“When Shane and Tamyka Smith first bought this property, they brought the gardens to life and gutted and redesigned most of the entire house,” he says. “The remodel carefully restored and retained the period details and classic grandeur of the home, while simultaneously modernizing it.”
The home was originally built by an insurance executive from the Midwest by the name of Harold P. Cooper. He stayed there more than 40 years, through the early 1970s.
After that, the estate’s lineage got more interesting. The film director Henry Jaglom is reported to have owned it for a spell, and Fleetwood Mac stayed there for awhile while recording a reunion al