Jim Dominguez secures discounted Palm Beach apartment
The merchant banker Jim Dominguez and his wife Suzanne have downsized at Palm Beach, picking up a discounted apartment as their new weekender.
They have paid $3.2 million in the Winten-designed Ocean Road complex. It had previously sold at $3.4 million in early 2007.
The couple bought the apartment after selling Mandalay, their Florida Road property, to the hedge fund trader Daniel Droga, founder of DCM Bluelake Partners, and his wife Lyndell.
The Florida Road offering through LJ Hooker Palm Beach agent David Edwards and Peter Robinson secured $6.65 million. The couple initially were seeking a reported $8 million plus when they listed their 25 year long weekender last year.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
