The Miami home of Scott Storch was foreclosed as part of his financial meltdown. The CEO of Rockstar  Energy drink, Russ Weiner, has announced that he is the new owner of Villa Ferrari – Storch’s former 20,000 square foot home on Palm Island.

The mansion features a 100 foot boat dock, 11 bedrooms, 15 bathrooms, 3 guest houses and two pools. Last summer, 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. Still, the price is a bit of a steal for the size and location.