10/1-3 The Cove, Nelly Bay is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2008. The property has a land size of 145m2 and floor size of 104m2. While the property is not currently for sale or for rent, it was last sold in June 2025.
For Sale: Marina Townhouse - A$ 650,000 Beachside Apartments 10/1-3 The Cove, Nelly Bay, Magnetic Island. Beachside is a small complex of 20 units overlooking a marina, with direct access to Cove Beach for boating. It has a large swimming pool, maintained community gardens and secure private carports. This unit has an area of 130 sq meters on two levels. The lower level has a tiled open plan living area with a lounge, dining room and kitchen. Glass bi-fold doors lead from the living area to a large covered deck overlooking a park, a swimming pool and a marina. The storeroom, laundry and visitor toilet are each separated from the living room area. The upper level has hard wood floors and high ceilings, throughout. The spacious master bedroom has a walk in robe and glass, bifold doors leading to a private deck with views over the swimming pool and marina to Cleveland Bay. The master ensuite has both a shower and an enormous spa bath, which also has views over the park and the marina. The large second bedroom has views to the National Park, a walk in robe and its own ensuite. The unit comes fully furnished with fans and air conditioning throughout. It is located close to ferry terminal, supermarket, restaurants, shops, school and the bus stop. It is also in walking distance to Nelly Bay Beach, Geoffrey's Bay Beach and Alma Bay Beach. Investor potential is $700 a week for permanent rental or $300 a night for holidays. Rates are $4,056 a year. Body Corporate fees are $9,519 a year. Achieve Contentment That Can't Be Built Out.
The size of Nelly Bay is approximately 4.7 square kilometres. There are 5 parks, covering nearly 52.3% of the total area. The population of Nelly Bay in 2016 was 1196 people. By 2021 the population was 1213 showing a population growth of 1.4% in the area during that time. The predominant age group in Nelly Bay is 60-69 years. Households in Nelly Bay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Nelly Bay work in a professional occupation.In 2021, 69.20% of the homes in Nelly Bay were owner-occupied compared with 57.10% in 2016.
Nelly Bay has 1,429 properties. Over the last 5 years, Houses in Nelly Bay have seen a 91.03% increase in median value, while Units have seen a 56.27% increase. As at 31 August 2026:
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