Clive Palmer sells waterfront mansion on Gold Coast

Clive Palmer sells waterfront mansion on Gold Coast
Clive Palmer sells waterfront mansion on Gold Coast

Clive Palmer has reportedly sold his Gold Coast waterfront mansion to a confidant soon after beginning its marketing.

It was bought by former Deloitte chief executive Domenic Martino, who's also listed as a director of the Palmer Foundation.

He's paying the same $1.75 million price that Palmer paid in 2011.

Set on 790 square metres and only built in 2004, the Paradise Point home has five bedrooms, a theatre room, wine cellar, executive home office and a swimming pool.

Palmer snatched the home for a steal five years ago when he bought it from Fred Taplin, who had paid $2.45 million in 2007.

Talpin, a former Gold Coast Galaxy chief executive, later went up against Palmer's Gold Coast United FC on a rival bid for the region's first A-League franchise, a battle which Palmer won.

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Gold Coast Clive Palmer

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