Scott Storch's Palm Island Mansion

Scott Storch's Palm Island Mansion

Moral of the story: In 2010, Rap don’t make money…energy drinks do.  See below.  Big up to Mr. Storch for having ever owned 15 bathrooms at one time.  If I had that piece, I’d have the whole Singapore fam come through and use guestrooms 1 and 2. LOL.

[Article taken from Global 14, Jermain Dupri]

Over the past couple years we touched on the rise and fall of music producer Scott Storch. His Miami home was eventually foreclosed on as part of his financial meltdown. Now Russ Weiner, the CEO of Rockstar Energy 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.