Billionaire Russell Weiner, founder of Rockstar Energy, is set to purchase a second mansion in the Stone Creek Ranch community in Palm Beach County. The Real Deal has learned that Weiner is under contract to buy an 11,500-square-foot estate at 9303 Hawk Shadow Lane, listed for nearly $22 million. He is also in contract for another mansion of the same size on 2.6 acres at 16071 Quiet Vista Circle, with an asking price of $20.9 million.
Stone Creek Ranch is known as a private and affluent neighborhood in unincorporated Palm Beach County. Recent transactions include actor Mark Wahlberg’s acquisition of a home there for $32.6 million.
Both properties Weiner intends to buy are being sold furnished, though he has not decided what he will do with them after closing.
The Hawk Shadow Lane property is represented by Douglas Elliman’s Senada Adžem, who declined to comment on the transaction. Listing details show the home features six bedrooms, ten bathrooms, a nine-car air-conditioned garage that can hold up to 18 cars using lifts, a club room with a large projection screen, a pool, and extensive lake frontage.
According to property records, Mari Vasan—a life coach and author who previously worked as a Wall Street research analyst and managing director at Deutsche Bank—purchased the Hawk Shadow Lane house for $7 million in 2018.
Weiner likened Stone Creek Ranch to Beverly Park in Los Angeles due to its large lots and security features such as armed guards but stated his focus is now firmly on Florida real estate. “There is no better place to invest money in real estate than South Florida,” he said. “California turned to rust, and New York turned to mold.”
Weiner accumulated his wealth from selling Rockstar Energy to PepsiCo in 2020 for over $4 billion according to Forbes; his net worth stands at approximately $5.4 billion.
He described Stone Creek Ranch as having significant potential for appreciation: “Stone Creek Ranch…has far more upside to go.” He called his acquisitions “a steal” and noted that other buyers have 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.”
