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

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
    Jarrett Posner, Pablo Escobar with 5860 North Bay Road (The Waterfront Team)

    Pablo Escobar’s former Miami Beach property sells for $11M

    Pablo Escobar’s former Miami Beach property sells for $11M
    Pharrell Williams and David Lerner with a photo of 2545 Northwest Third Avenue and a rendering of the Billionaire Boys Club exterior (Getty, Google Maps, Lerner Family Properties)

    Pharrell’s Billionaire Boys Club to open store in Wynwood

    Pharrell’s Billionaire Boys Club to open store in Wynwood
    Dr. David R. Campbell (inset) and Mark Egan with13943 Chester Bay Lane (Florida Spine Center, Mark Egan, Google Maps)

    Spine surgeon sells waterfront North Palm Beach home for $6M

    Spine surgeon sells waterfront North Palm Beach home for $6M
    David Grutman and Alejandro Sanz with a rendering of 2050 North Bay Road (Getty, CMA Design Studio)

    David Grutman closes on Alejandro Sanz’s Miami Beach home, plans new mansion

    David Grutman closes on Alejandro Sanz’s Miami Beach home, plans new mansion
    Marc Anthony and 300 Costanera Road (Getty, Mint Studios Miami)

    Marc Anthony lists waterfront Coral Gables mansion for $27M

    Marc Anthony lists waterfront Coral Gables mansion for $27M
    667 Ocean Boulevard, Sammy Sosa (Credit: Jason Koerner/Getty Images, and Levy PR)

    Sammy Sosa’s former Golden Beach home hits the market for $20M

    Sammy Sosa’s former Golden Beach home hits the market for $20M
    13951 Chester Bay Lane, North Palm Beach (Courtesy of Douglas Elliman) 

    Insurance exec sells waterfront North Palm Beach home for $7M

    Insurance exec sells waterfront North Palm Beach home for $7M
    Yoko Ono and John Lennon with 720 South Ocean Boulevard (Getty Images; Zillow)

    John Lennon and Yoko Ono’s former Palm Beach estate sells for $36M

    John Lennon and Yoko Ono’s former Palm Beach estate sells for $36M
    arrow_forward_ios

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

    Loading...