Billionaire Russell Weiner, founder of Rockstar Energy, is set to purchase a second mansion in the Stone Creek Ranch community in Palm Beach County. This acquisition will bring his total investment in the neighborhood to over $40 million, according to information obtained by The Real Deal.
Weiner is under contract for an 11,500-square-foot estate at 9303 Hawk Shadow Lane, which is listed for nearly $22 million. He is also buying another mansion of the same size on a nearby lot at 16071 Quiet Vista Circle, with an asking price of $20.9 million.
Stone Creek Ranch is known as an exclusive enclave for wealthy homeowners. Actor and entrepreneur Mark Wahlberg recently bought a property there for $32.6 million.
Both properties that Weiner is purchasing are being sold furnished. “There is no better place to invest money in real estate than South Florida,” Weiner said. “California turned to rust, and New York turned to mold.” He added that he has not yet decided what he will do with both homes.
The Hawk Shadow Lane property features a nine-car air-conditioned garage with space for up to 18 cars using lifts, a club room with a 150-inch projection screen, a pool, and 660 feet of lake frontage. It includes six bedrooms and ten bathrooms. Douglas Elliman’s Senada Adžem has the listing but declined to comment on the sale.
Records show that Mari Vasan, a life coach and former Deutsche Bank managing director, bought the home for $7 million in 2018.
Weiner compared Stone Creek Ranch to Beverly Park in Los Angeles due to its large lots and security measures such as armed guards. He described Florida as “the new Golden State.”
Weiner made significant wealth after selling Rockstar Energy to PepsiCo in 2020 for more than $4 billion—a deal reported by Forbes—which contributed to his current net worth of about $5.4 billion. Since then, he has invested heavily in South Florida luxury real estate and owns additional mansions in Miami Beach.
Weiner believes Stone Creek Ranch still offers strong investment potential: “Stone Creek Ranch…has far more upside to go.” He called his purchases a “steal” and noted that some buyers have already approached him about reselling the homes at higher prices.
“The teardowns in Palm Beach are $200 million, and this has more land,” Weiner said. “It’s gated and armed and no one can drive by. What is that worth? You can be in Miami in an hour, Palm Beach in 30 minutes.”
