Vice’s Shane Smith sells compound for $48.67 million, a Palisades record
It’s the priciest sale the neighborhood has ever seen by a large margin, beating out a Georgian-style estate owned by entertainment mogul Michael King that traded hands for $33.85 million in 2018.
Smith, the flashy entrepreneur who cofounded Vice Media and serves as its executive chairman, more than doubled his money on the deal. In 2015, he shelled out $23 million for the leafy retreat, which has a Santa Monica mailing address, The Times previously reported.
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