Billionaire Rockstar Energy founder flips Elin Nordegren’s former North Palm Beach estate for $48M

He sold them for $15.3M more than he paid in September

Miami /
Oct.October 19, 2020 01:30 PM
Russell Weiner with 12520 Seminole Beach Road and 12395 Banyan Road (Redfin)

Russell Weiner with 12520 Seminole Beach Road and 12395 Banyan Road (Redfin)

Rockstar Energy Drink founder Russell Weiner likely got a boost of energy after he flipped his North Palm Beach homes for more than $48 million — reaping a 45 percent gain in one month.

The billionaire entrepreneur bought the properties from Swedish model Elin Nordegren, the ex-wife of golfer Tiger Woods, for nearly $33 million in September. Property records show he sold the oceanfront mansion at 12520 Seminole Beach Road for $41.8 million to Tranquil Sunrise LLC and the non-waterfront home across the street at 12395 Banyan Road for $6.4 million to Calm Sunset LLC.

Weiner flipped the properties for $15.3 million more than he paid last month. The buyers are both Delaware companies.

Nordegren purchased the waterfront property in 2011 following her much-publicized $100 million divorce from Woods and built a new mansion in 2014. The new house has 11 bedrooms, 15 bathrooms and three half-baths. It features rooms with retractable glass walls, a roof deck, wine cellar, theater, two kitchens and a gym. Along with a pool, the home has 200 feet of ocean frontage, a putting green and a basketball/pickleball court. A separate guest house includes two separate apartments, each with a kitchen and living room.

Records show she acquired the smaller house across the street in 2013 for the same price she sold it to Weiner for: $4.25 million. Together, the lots total about 3.3 acres.

Last month, after Nordegren sold her North Palm Beach properties, she paid $9.9 million for a six-bedroom mansion in the Old Palm Golf Club community of Palm Beach Gardens. That house previously belonged to billionaire developer Donald Soffer.

Weiner is worth about $3.7 billion, according to Forbes. He sold Rockstar to PepsiCo for $3.85 billion earlier this year.






    Related Articles

    arrow_forward_ios
    Novak Djokovic with the unit (Eighty Seven Park unit photo via Lenny Kagan, Djokovic via Getty)
    Novak Djokovic sells Miami Beach condo for modest profit
    Novak Djokovic sells Miami Beach condo for modest profit
     Adam Neumann (Getty, Bal Harbour Florida)
    Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
    Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
    Greg Norman and Tommy Hilfiger (Getty, iStock)
    Buy this, sell that: South Florida luxury homeowners reshuffle during resi boom
    Buy this, sell that: South Florida luxury homeowners reshuffle during resi boom
    Igor Tulchinsky and 12088 Banyan Road (Getty, Douglas Elliman)
    Hedge funder Igor Tulchinsky spends $40M on oceanfront North Palm Beach mansion
    Hedge funder Igor Tulchinsky spends $40M on oceanfront North Palm Beach mansion
    Tommy and Dee Olceppo Hilfiger with 313 Dunbar Road (Getty, Google Maps)
    Tommy Hilfiger drops $21M for waterfront Palm Beach home
    Tommy Hilfiger drops $21M for waterfront Palm Beach home
    Dwyane Wade and Gabrielle Union with 5980 North Bay Road. (Getty, Brett Harris Homes)
    Dwyane Wade, Gabrielle Union sell waterfront Miami Beach estate for $22M
    Dwyane Wade, Gabrielle Union sell waterfront Miami Beach estate for $22M
    Lynda Carter and the Four Seasons Residences at The Surf Club (Getty, Four Season)
    “Wonder Woman” Lynda Carter drops $15M on Surf Club Four Seasons condo
    “Wonder Woman” Lynda Carter drops $15M on Surf Club Four Seasons condo
    Jennifer Lopez, Ben Affleck and their Miami Beach property. (Getty, Corcoran)
    Jennifer Lopez and Ben Affleck are renting a Miami Beach mansion
    Jennifer Lopez and Ben Affleck are renting a Miami Beach mansion
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...