A sprawling property on Miami Beach\u2019s celeb-studded Star Island that was previously owned by Rosie O\u2019Donnell has officially sold to Rockstar Energy founder Russell Weiner for $36 million.<\/p>\n
That\u2019s a lot less than the family of now-deceased owners David and Linda Frankel originally wanted, but it\u2019s still $19.5 million more than the $16.5 million the couple\u2014he a doctor and real estate investor, and she a former Vogue fashion editor and the sister of broadcast journalist Diana Sawyer\u2014paid O\u2019Donnell for the Mediterranean-style mansion 12 years ago. It\u2019s also a whopping $29 million more than the comedian and talk show host bought the place for back in 1999.<\/p>\n
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RELATED: Rick Ross Just Dropped $35 Million on a Waterfront Mansion on Miami\u2019s Star Island<\/a><\/p>\n The Frankels gave the 1920s residence an extensive makeover during their tenure, and, after hitting the market in late 2024 with a hefty $54 million ask<\/a> and then undergoing a price drop to $48 million, the house sold at a substantial discount to Weiner, who plans to expand and renovate the estate to around 15,000 square feet and add luxury amenities like a spa, gym, cabana, and padel court. Both sides of the deal were repped by Liz Hogan of Compass.<\/p>\n Tucked away behind a gated motor court on over an acre, the residence features a main home and two separate guesthouses, for a total of eight bedrooms and 11 baths in roughly 11,000 square feet.\u00a0There\u2019s also a freeform pool with a slide and an air-conditioned four-car garage, plus a boathouse and a private dock sporting a 40,000-pound boat lift along more than 200 feet of Biscayne Bay frontage.<\/p>\n Inside the primary dwelling, a large living area sports wood-trimmed French doors opening out to a covered veranda. A formal dining room flows to an updated kitchen outfitted with an eat-in island, high-end Miele, Viking, and Sub-Zero appliances, and a breakfast nook. A luxe primary suite flaunts a balcony and an office, while the upper level holds an additional kitchen and a family room.<\/p>\n RELATED: \u2018Real Housewives of Miami\u2019 Alum Lea Black Relists a Waterfront Miami Beach Home for $37.5 Million<\/a><\/p>\n O\u2019Donnell,\u00a0who recently relocated to Ireland with her child Clay because of American politics, finally offloaded her\u00a0New York City penthouse<\/a>\u00a0in Midtown Manhattan\u2019s Turtle Bay neighborhood in April for around $7 million after two years on the market. As for Weiner, who sold Rockstar Energy to PepsiCo in 2020 for $3.9 billion, his holdings include a home in L.A.\u2019s illustrious Beverly Park enclave that he\u2019s owned since 2007 and an investment property in the Hollywood Hills.<\/p>\n True to its name, Star Island has had many high-profile people take up residence behind its guarded gate through the years. Current owners within the exclusive enclave are hedge fund billionaire\u00a0Ken Griffin<\/a>, who has quietly spent some $169 million on seven contiguous parcels spanning over six acres since 2023, as well as musicians Gloria and Emilio Estefan, Rick Ross, and Sean \u201cDiddy\u201d Combs. Earlier this year, Russian-born developer\u00a0Vlad Doronin<\/a>\u00a0sold his estate that once belonged to retired NBA star Shaquille O\u2019Neal for a record-breaking $120 million.<\/p>\n Click here<\/a> for more photos of the Star Island residence.<\/p>\n Best of Robb Report<\/p>\n Sign up for RobbReports’s Newsletter<\/a>. For the latest news, follow us on Facebook<\/a>, Twitter<\/a>, and Instagram<\/a>.<\/p>\n