The Block interior designer Darren Palmer been hit with a massive $1.25m loss on his foray into Byron Bay.
Pompano House, the Suffolk Park investment holiday home of The Block interior designer Darren Palmer and husband Olivier Duvillard, has been bought by Candice Rose O’Rourke, the founder of the Zulu & Zephyr lifestyle brand, and her husband Josh O’Rourke.
Its midweek settlement revealed a $2.6m sale price taken by the Bondi Beach-based duo, representing a staggering $1.25m loss when it sold just before Christmas.
The four-bedroom, two-bathroom Beachside Drive abode had last traded at $3.85m in 2021 during the Covid pandemic-induced regional property boom.
It hit market with an initial $3.1m to $3.3m guidance last August.
It was then reduced to an asking range of $2.95m to $3.245m, and finally to $2.55m to $2.8m.
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Darren Palmer’s Byron Bay holiday home, Pompano House, sold for a disappointing $2.6m. Picture: realestate.com.au
Held through DPTM Holdings, the four-bedroom home on 720sq m had been a popular $1500-a-night peak season rental during their ownership.
Located just 100m from Tallow Beach, it came with a path to the beach from its back gate.
PropTrack puts the median four-bedroom house price at $2.25m, having peaked at $2.7m in 2022.
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Darren Palmer.
Candice Rose O’Rourke.
The O’Rourke couple have recently sold their nearby Alcorn St property, Cream House, for $5,025,000 to Carly and Mitchell Roberts.
It had hit the market last May with $5.75m price hopes.
Built by Belcon Constructions, it was marketed as a Zen-like coastal retreat designed by Byron Bay practice Davis Architects.
Palmer has owned the home since 2021.
One of the four-bedrooms.
The Byron Bay life.
The single-level four-bedroom, two-bathroom home, Vogue-featured in 2021, sits amid Nicholas Ward landscaping.
“We designed our home for all stages of our lives,” she told Vogue.
“It’s a dwelling intended to accommodate the kids now while they’re active and young, but also when they’re teenagers wanting space and privacy.
“Eventually, it has to be suitable for us as pensioners as we plan to live here until then!”
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