511/28 Macleay Street, Elizabeth Bay, NSW 2011 | Studio for sale | OnTheHouse
 
FOR SALE
Guide - $485,000

511/28 Macleay Street
Elizabeth Bay NSW 2011

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Bathrooms: 1
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Affordable Sunlit Studio In Prime Location Of Potts Point

A fantastic opportunity for first home buyers, investors, or anyone seeking a low-maintenance Sydney bolthole, this newly updated 21sqm studio on the 5th floor of the sought-after Macleay Apartments offers city convenience and lifestyle appeal. Enjoy sweeping city skyline views year-round and Harbour Bridge vistas in cooler months from this secure, easy-care residence, just steps from top dining, cafés, and all the trimmings that Macleay Street has to offer. With short-term letting (Airbnb) permitted, it's an ideal choice for investors or those seeking a flexible city base - combining lifestyle, convenience, and income potential in one well-rounded package.
• Brand new kitchen cabinetry and stone bench-top
• New carpet throughout, creating a fresh modern feel
• Freshly painted interiors in neutral tones throughout
• Modern lighting fixtures to complement the contemporary style
• Secure building with concierge, dual lifts, and outdoor pool
• Light-filled living area with well-proportioned space
• Shared laundry facilities conveniently on each level
• Ducted air conditioning providing year-round comfort
• Well-maintained bathroom with combined bath and shower
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Property Details for 511/28 Macleay St, Elizabeth Bay

511/28 Macleay St, Elizabeth Bay is a 0 bedroom, 1 bathroom Studio. The place is currently for sale with Ray White Taylor and Partners.

Building Type
Studio
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About Elizabeth Bay 2011

The size of Elizabeth Bay is approximately 0.2 square kilometres. It has 5 parks covering nearly 10.8% of total area. The population of Elizabeth Bay in 2016 was 5215 people. By 2021 the population was 4878 showing a population decline of 6.5% in the area during that time. The predominant age group in Elizabeth Bay is 30-39 years. Households in Elizabeth Bay are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Elizabeth Bay work in a professional occupation.In 2021, 38.20% of the homes in Elizabeth Bay were owner-occupied compared with 36.10% in 2016.

Elizabeth Bay has 4,656 properties. Over the last 5 years, Houses in Elizabeth Bay have seen a 43.17% increase in median value, while Units have seen a 5.42% increase. As at 30 November 2025:

  • The median value for Houses in Elizabeth Bay is $2,549,211 while the median value for Units is $1,072,889.
  • Houses have a median rent of $650 while Units have a median rent of $700.
There are currently 10 properties listed for sale, and 13 properties listed for rent in Elizabeth bay on OnTheHouse. According to Cotality's data, 210 properties were sold in the past 12 months in Elizabeth bay.

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Shannon Cleary
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Ray White Taylor and Partners
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