117/15 Musgrave Cres, Coconut Grove is a 2 bedroom, 2 bathroom Unit with 4 parking spaces and was built in 2015. The property has a land size of 100m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in June 2025.
Creating a wonderful opportunity for investors, this stylish two-bedroom apartment is ideally located moments from Nightcliff foreshore and only 10 minutes from the city. Leased by the Department of Housing, it has a tenant in place until 2026, with the right to an extension until 2031.
Outstanding opportunity for investors looking to add to their portfolio
Smart first-floor apartment within contemporary complex built in 2015
Whether you're a first-time investor or you're looking for a new property to add to your existing portfolio, this gorgeously presented apartment delivers modern, effortless appeal in a highly desirable location.
Positioned on the first floor, the apartment reveals a practical layout where everything feels open, airy and wonderfully easy to maintain. Neutral tones grace the walls, while glossy white tiles keep things cool underfoot, as large windows ensure there is plenty of natural light. At the heart of it all is a lovely open-plan, which extends seamlessly to a private balcony. Enjoying treetop views, this alfresco space is ideal for entertaining, or simply kicking back and enjoying some time out after a long day.
Attractively appointed, the polished kitchen shows off sleek stone counters and quality cabinetry, complemented by modern stainless-steel appliances and informal breakfast bar dining.
Both bedrooms feel generous in size and offer mirrored built-in robes. The second bedroom at the front has its own ensuite, while the larger master at the rear provides jack-and-jill access to the main bathroom. Conveniently placed in the hallway is the internal laundry.
Completing the package is split-system AC in every room, access to a large inground pool and secure parking for two cars accessed via a remote gate.
Also convenient in its setting, it's a short walk to Nightcliff shopping centre, and not much further to the foreshore, where you can follow the trails along the water all the way to Nightcliff Jetty and the suburb's many other popular attractions.
Status: Leased to the Department of Housing at until February 2026 at $2,383.33 per calendar month with the right to renewal until 2031
Year built: 2015 approximately
Area under Title: 100 sqm approximately
Zoning: MR (Medium Density)
City of Darwin Council Rates: $1,430 per annum approximately
Body Corporate Rates: $1,390 per quarter approximately
The size of Coconut Grove is approximately 1.7 square kilometres. There are 8 parks, covering nearly 22.6% of the total area. The population of Coconut Grove in 2016 was 3050 people. By 2021 the population was 2892 showing a population decline of 5.2% in the area during that time. The predominant age group in Coconut Grove is 30-39 years. Households in Coconut Grove are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Coconut Grove work in a professional occupation.In 2021, 36.30% of the homes in Coconut Grove were owner-occupied compared with 37.40% in 2016.
Coconut Grove has 1,864 properties. Over the last 5 years, Houses in Coconut Grove have seen a -17.27% decrease in median value, while Units have seen a 34.02% increase. As at 31 July 2026:
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