Magazine article Variety

Shane Smith Pays $23 Million for Villa Ruchello

Magazine article Variety

Shane Smith Pays $23 Million for Villa Ruchello

Article excerpt

It would appear that Canadian-born and New York City-based journalist and mega-rich Vice Media mogul Shane Smith plans to spend more time on the Left Coast where, we first heard from real estate yenta Yolanda Yakketyyak and later circumstantially confirmed with property records, he's shelled out an eye-popping $23 million for a magnificent, multi-acre Mediterranean compound in Santa Monica. The 3.35acre spread, known as Villa Ruchello, and featured In the film "Beverly Hills Cop" as well as the comedy series "Entourage," was the longtime residence of showbiz hyphenate Henry Jaglom and actress-writer Victoria Foyt, who acquired the posh property in 1994 for almost $3.2 million, and first put it on the open market around the time of their 2013 divorce, with an asking price of $29.5 million.

The multi-residence compound, behind a hedge and antique iron driveway gates, comprises 12 bedrooms and 12.5 bathrooms In around14,000square feet divided among an eight-bedroom main residence, a two-bedroom guesthouse and a separate two-bedroom gatehouse. …

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