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.





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