About a month ago, investor Robert F. Smith purchased a Palm Beach trophy from Russell Weiner for $48.2 million. Following hot on the heels of the substantial acquisition comes the listing of Smith’s Malibu beach house, which surfaced on the open market this month with a $24.5 million asking price.

The home is located on Carbon Beach, with 60 feet of frontage. From the street, the house is rustic and private, with weathered hardwood cladding and a grill station positioned outside the entrance, beside the gated courtyard which features a tropical centerpiece.

The interiors span 4,036 sq. ft. across two levels, with four bedrooms and five baths in all. The living style is exceedingly warm, with common areas featuring semi-vaulted wood ceilings, built-in shelves and tile floors. Glass overlooking the Pacific is plentiful—banks of sliding doors open to the terrace and balcony.

Soft gray and pale blue tones act as ballast for all the warm wood, most notably in the presence of the ponderous living room fireplace, but also in the treatment of walls and, in a more subtle manner, ceilings and louvered closets.

Amenities include a wet bar, an owner’s suite—which occupies the entire upper level—and smart home tech.

Smith is the founder of Vista Equity Partners. His net worth is in the neighborhood of $5 billion.