Billionaire Russell Weiner sold his 12,000-square-foot estate in Beverly Hills for $ 29.5 million, closing the deal just days after buying two expensive waterfront homes in Miami.
The founder of Rockstar Energy Drink was actively involved in the purchase and sale of real estate.
As part of the latest deal, Weiner sold the century-old estate at 9425 Sunset Boulevard, which Madonna previously called her home, according to Gryaz. The report notes that the buyer was an unnamed Los Angeles-based investment firm.
The sale price is well above the $ 19 million Weiner paid for the property in 2015. But that’s also 60 percent below the $ 49 million it put up for sale in 2017.
The mansion has nine bedrooms and 14 full and half bathrooms. There are seven fireplaces, a gym, home theater and two kitchens – one for the family and the other for the staff. The 1-acre property features a swimming pool, floodlit tennis court and lawns.
Madonna sold the property in 2013 to an investor for $ 19.5 million. Two years later, Weiner bought it at a discount.
Weiner lowered the price several times in the last four years. Last June, he lowered the price to $ 30 million, and in March raised it again to $ 35 million, where it remained until last week’s sale, Realtor.com reported.
Weiner bought two coastal properties last week in Miami for $ 35 million…
Last fall, he turned over the North Palm Beach estate he bought from Tiger Woods’ ex-wife Elin Nordegren for $ 48 million…
[Dirt] – Dennis Lynch