Marc Marano, the former real estate shop boss turned venture capitalist, has traded up his home real estate handsomely, trading in his Surry Hills apartment for $3 million to buy a house on Gordons Bay for $12.85 million.
The off-market sale smashes the Coogee suburb record by $3.85 million, set six years ago at $9 million by the house purchase a few doors away by Aleksandra Allen, wife of former UBS banker Aidan Allen, who recently joined Kiwi investment bank Jarden.
