3/1-3 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 131m2 and floor size of 103m2. While the property is not currently for sale or for rent, it was last sold in October 2023.
Rarely do these ground level apartments in the Magnetic Island Marina come on the market so this is an opportunity not to be missed. On entering the apartment, the open-plan living room flows through to the dining area, kitchen and out to the large covered patio giving a lovely open feel. The modern kitchen features granite benchtops and plenty of cupboard and bench space and is designed to cater for indoor or outdoor entertaining. The patio opens onto a fenced exclusive use garden which in turn leads through to the pool area. The spacious master bedroom features a luxurious spa bath, large walk-in wardrobe and ensuite bathroom and also opens onto the patio. The second bedroom is a comfortable twin room with built-in-wardrobe and is close to the main bathroom and laundry. There is a large lockable storeroom within the apartment and a designated carport space. The property is fully air-conditioned with ceiling fans throughout to keep everyone comfortable whatever the weather. The complex of just twenty units has a large swimming pool and overlooks the Magnetic Marina, handy to the ferry terminal, transport, shops & restaurants. Offered with vacant possession, this apartment is ideal to live in or let out, either as a holiday or permanent rental.
Body corp fees approx $10,135 p.a. and council rates approx $3700 p.a. inc water
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Property Code: 1576
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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