2/8 Terrace Place, Nelly Bay, QLD 4819 | Property Value & History | OnTheHouse
OFF MARKET

2/8 Terrace Place
Nelly Bay QLD 4819

Bedrooms: 5
Bathrooms: 3
Car spaces: 1
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Last updated 29 Jun 2026
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Property Details for 2/8 Terrace Pl, Nelly Bay

2/8 Terrace Pl, Nelly Bay is a 5 bedroom, 3 bathroom Unit with 1 parking spaces.

Building Type
Unit
Local Government
Townsville City

Last Listing description (December 2024)

Immerse yourself in the pinnacle of luxury with our high-end duplex home located in the prestigious Nelly Bay Marina on Magnetic Island. Crafted to the highest standards, this large, two-level floor plan caters to those who value space and luxury. The home boasts uninterrupted ocean views, providing a serene and opulent backdrop to everyday living.

Features
Location: Over looking the water, this home is ideally positioned within walking distance to the ferry terminal at Nelly Bay Marina, enhancing connectivity and convenience.

Structure: The duplex is spread over two levels, offering ample space and privacy.

Accommodation: Features 5 bedrooms and 3 bathrooms, accommodating families or guests comfortably.

Parking: Includes a 1-car garage for convenience and security.

Luxury Details: All bedrooms are thoughtfully located upstairs to maximize privacy and views, with one featuring an ensuite bathroom for added luxury.

Marina Berth: Included with lease to 2032, perfect for boating enthusiasts.

Lifestyle and Attractions:
Living on Magnetic Island offers a unique blend of relaxed island life and refined luxury. The island boasts breath taking natural beauty, from rocky headlands and lush national parks to stunning beaches, making it a haven for nature lovers and adventurers.

Key Highlights
Proximity to Townsville: Just a 20-minute ferry ride away, offering easy access to urban amenities while retaining an exclusive island feel.

Tourist Attractions: Enjoy historic WWII forts at The Forts Walk, a variety of water sports at Horseshoe Bay, and world-class coral reef explorations.

Local Cuisine: Experience fresh seafood and local flavors at the island's diverse restaurants.
Golf Course: The island's challenging golf course offers stunning views across the bays.

Beaches Across Different Bays: Each beach has its own character, from secluded spots for relaxation to vibrant shores for socializing.

Ideal For:
This duplex home is perfectly suited for anyone seeking a luxurious lifestyle in a peaceful, picturesque setting. It is particularly appealing to families, retirees, or professionals.

Summary
For those dreaming of a lifestyle where every day feels like a holiday, our luxury duplex home at Nelly Bay is an unmatched choice. Surrounded by natural beauty and modern luxuries, Magnetic Island is one of Queensland's most enchanting residential destinations.

Property History for 2/8 Terrace Pl, Nelly Bay, QLD 4819

A timeline of how this property has performed in the market
  • 17 Oct 2024
    Listed for Sale Auction
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About Nelly Bay 4819

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 1,422 properties. Over the last 5 years, Houses in Nelly Bay have seen a 111.98% increase in median value, while Units have seen a 59.22% increase. As at 31 May 2026:

  • The median value for Houses in Nelly Bay is $797,451 while the median value for Units is $502,613.
  • Houses have a median rent of $600 while Units have a median rent of $455.
There are currently 39 properties listed for sale, and no properties listed for rent in Nelly bay on OnTheHouse. According to Cotality's data, 73 properties were sold in the past 12 months in Nelly bay.

Suburb Insights for Nelly Bay 4819

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.