Russ Weiner, the CEO of RockstarEnergy drink has announced that he is the new owner of Villa Ferrari,
Storch’s former 20,000 square foot home on Palm Island. The mansion has
a 100 foot boat dock, 11 bedrooms, 15 bathrooms, 3 guest houses and two
pools. Last summer we learned that after Storch declared bankruptcy,
SunTrust bank, which held two mortgages worth a combined $7.75 million
against the property, bought the property back at auction on for $5.5
million. Storch had bought the home for $10.5 million but it had been
listed for $13.9 million. Alex Shay found that SunTrust sold the
property to Weiner Russell Trust for $6.75 million. According to Shay
the house was, like many homes that have gone through a prolonged
foreclosure, not in great shape and that renovation is needed.
