Billionaire founder of Rockstar Energy Drink pays $20M for North Bay Road manse

Newly built mansion was originally listed for nearly $30M

TRD MIAMI /
Jul.July 11, 2016 06:15 PM

One of South Florida’s youngest billionaires paid $20 million for a waterfront home on Miami Beach’s North Bay Road.

Russell Weiner, the founder of Rockstar Energy Drink, bought the seven-bedroom mansion at 2920 North Bay Road, a home built by developer Bart Reines in 2013. Jared and Michelle Goldberg are the sellers.

The 9,431-square-foot home, first listed for $29.5 million, was last on the market for $24.9 million, Douglas Elliman agent Brett Harris told The Real Deal. Harris represented Weiner. The property, listed with EWM’s David Hunt Solomon, includes landscaped gardens, covered patios, a rooftop terrace, swimming pool, three-car garage, wine cellar, a gym and more than 160 feet of water frontage.

Weiner, who has also dabbled in real estate, is worth about $3.6 billion and ranks 173rd on Forbes list of U.S. billionaires. At 46, he’s among the youngest billionaires in Florida. He founded Rockstar Energy Drink in 2002 and is currently the CEO.

In 2012, the Delray Beach-based billionaire flipped the property at 70 Palm Avenue in Miami Beach for $14.5 million after buying it out of foreclosure in 2010 for $6.75 million, records show.

The North Bay Road property is described by its architect, Kobi Karp, as tropical modern. “It has wooden columns with two story volumes in the living room and dining room, which expand the interior spaces of the home to the large bayside backyard with a large lap pool and pergolas. It was designed as a five star resort,” Karp said via email.

Mark Meland, a partner at Meland Russin and Budwick, represented the Weiner in the deal.

The home is newly built, with significant bay frontage, and sits on a large 48,000-square-foot lot – qualities Weiner was looking for, Harris said.

The North Bay Road home is newly built, with significant bay frontage, and sits on a large 48,000-square-foot lot – qualities Weiner was looking for, Harris said.

“He’s been waiting for a good deal for five years,” Harris told TRD.


Related Articles

arrow_forward_ios
Julian Johnston, Julian Cohen and the property

Spec home developer Felix Cohen buys two vacant lots on North Bay Road for $14M

5712 North Bay Road and Rodney O’Neal (Credit: Realtor and Getty Images)

Spec home builders sell North Bay Road mansion for $16M

From left: Dion Waiters, James Johnson, Erik Spoelstra, Dwayne Wade, LeBron James, Chris Bosh and Hassan Whiteside (Credit: Getty Images, iStock, Wikipedia Commons)

Heat Map: Here are the homes of Miami Heat’s elite

Dwyane Wade, Gabrielle Union and the North Bay Road home (Credit: Getty Images, Lux Hunters)

One last sale? Dwyane Wade lists Miami Beach estate for $33M

Daily Digest Miami

Keith Menin snags a home on North Bay Road, Brickell Flatiron commercial space buyer seeks court-ordered discount: Daily digest

Keith Menin, Nelson Gonzalez and 2318 North Bay Road

Keith Menin buys North Bay Road home for a big discount

Spec mansion at 6360 North Bay Road with Jill Hertzberg and Nelson Gonzalez

Miami Beach manse and lot sell for record $35M

Kobi Karp, 4750 North Bay Road

Kobi Karp pays $8.5M for another home on Miami Beach’s North Bay Road

arrow_forward_ios