APT 306/1 The Esplanade, Cowes, VIC 3922 | House for sale | OnTheHouse
 
FOR SALE
$400,000

Apt 306/1 The Esplanade
Cowes VIC 3922

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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The Esplanade Waterfront Suite

Perfectly positioned directly opposite the shimmering shores of Cowes foreshore, this impressive one-bedroom apartment offers a rare opportunity to secure a premium coastal address on one of Phillip Island's most coveted strips - The Esplanade.
Situated on the upper level, the apartment enjoys water views across Western Port Bay, framed beautifully by iconic palm trees and coastal greenery. The private balcony becomes an extension of your living space, offering the perfect setting to savour the morning sun with a coffee, relax with evening drinks, or simply sit back and let the rhythm of the tide soothe your senses.
Inside, the light-filled open-plan living and dining area flows effortlessly to the balcony, ensuring that those spectacular views remain an everyday feature. A well-appointed kitchenette offers practicality and convenience, ideal for weekends away or longer stays. The spacious bedroom also overlooks the water and enjoys direct access to the balcony, creating a truly tranquil retreat to wake up to every morning.
The bathroom adds a touch of indulgence with a spa bath and separate shower, inviting you to unwind after a day at the beach or exploring the island. Secure building access, lift facilities and the proximity to the beach, parklands, coastal walking tracks, cafes, restaurants and the vibrant main street of Cowes all enhance the appeal of this exceptional lifestyle offering.
Ideal as a low-maintenance permanent residence, a lock-and-leave weekender or a highly attractive holiday rental investment, as it is not part of the Waves rental pool and is free and clear for you to use how you see fit, subject to (body corporate rules), this is an opportunity that blends position, lifestyle and potential in the most desirable of ways.
This property for sale in Cowes is proudly brought to you by Ray White Real Estate Phillip Island.
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Property Details for Apt 306/1 The Esplanade, Cowes

Apt 306/1 The Esplanade, Cowes is a 1 bedroom, 1 bathroom House with 1 parking spaces. The place is currently for sale with Ray White Phillip Island.

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About Cowes 3922

The size of Cowes is approximately 20.7 square kilometres. It has 20 parks covering nearly 6.7% of total area. The population of Cowes in 2016 was 4839 people. By 2021 the population was 6593 showing a population growth of 36.2% in the area during that time. The predominant age group in Cowes is 60-69 years. Households in Cowes are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cowes work in a trades occupation.In 2021, 68.40% of the homes in Cowes were owner-occupied compared with 65.40% in 2016.

Cowes has 8,445 properties. Over the last 5 years, Houses in Cowes have seen a 30.96% increase in median value, while Units have seen a 43.08% increase. As at 31 October 2025:

  • The median value for Houses in Cowes is $724,100 while the median value for Units is $533,369.
  • Houses have a median rent of $480 while Units have a median rent of $420.
There are currently 110 properties listed for sale, and 19 properties listed for rent in Cowes on OnTheHouse. According to Cotality's data, 259 properties were sold in the past 12 months in Cowes.

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Stephen Harvey
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