EverBlu Capital founder Adam Blumenthal has sold a Double Bay development site earmarked for whole-floor luxury apartments for a $2.6 million loss after owning the site for less than 24 months.

It is the latest among a string of divestments by Blumenthal, along with his wife Annabelle Shamir, after the Federal Court last year found the high-profile stockbroker had engaged in market-rigging and ordered he pay an $850,000 penalty in a civil judgment.