33/61-79 Mandalay AvenueNelly Bay QLD 4819
Property Details for 33/61-79 Mandalay Ave, Nelly Bay
33/61-79 Mandalay Ave, Nelly Bay is a 1 bedroom, 1 bathroom Studio and was built in 1975. The property has a land size of 42m2 and floor size of 42m2. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 1 bedroom Studio sold in Nelly Bay in the last 12 months.
Last Listing description (March 2026)
Perfectly positioned in Nelly Bay, this fully furnished studio unit is a true set-and-forget opportunity. Everything is included in the sale, allowing you to start earning from short-term or holiday accommodation immediately.
With the bus stop at your door, island amenities close by and Magnetic Island's relaxed lifestyle on offer, this is an ideal investment, weekend escape or holiday rental in a sought-after tropical setting. Close proximity to the ferry terminal, cafes, shops and beaches, the location couldn't be more convenient.
Property Features:
• Air-conditioned, light-filled and low-maintenance
• Resort-style complex with pool and tropical gardens
• Strong short-stay rental potential with high occupancy rates
• Close to ferry terminal, cafes, shops and beaches
• Ideal for investors, holidaymakers or short-term rentals
Price reduced to $103,500
More than an investment - it's a Magnetic Island lifestyle
Magnetic Island is home to 23 stunning beaches, picturesque hiking trails, and a unique blend of natural beauty and relaxed island living - all just a short trip from the mainland.
Whether you're looking for your next getaway, an investment opportunity, or both - Unit 33 delivers location, lifestyle, and long-term potential.
Contact Jackie Male on 0428 462 451 or Steve Leaumont on 0499 500 032 to arrange your private inspection or request more information.
Disclaimer: All interested parties are encouraged to conduct their own investigations to confirm the accuracy of the information provided. Images may include file photos and may not reflect current property presentation. Raine & Horne Magnetic Island (S&S Properties PTY LTD) accepts no liability for any discrepancies or omissions.
Property History for 33/61-79 Mandalay Ave, Nelly Bay, QLD 4819
- 16 Mar 2026Sold for $103,500
- 06 Aug 2025Listed for Sale UNDER CONTRACT
- 11 Mar 2025Sold for $75,000
Recent sales nearby
See more recent sales nearby/assets/perm/7whkgtrmbmi65cwuxoqeao27rq?signature=21a3c0a1dcbf6dbf7cc2e444c2438bf863a492955e19964605eef9a843b419f7){kind=logo}
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0About 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 1,430 properties. Over the last 5 years, Houses in Nelly Bay have seen a 100.34% increase in median value, while Units have seen a 49.40% increase. As at 31 July 2026:
- The median value for Houses in Nelly Bay is $790,519 while the median value for Units is $469,707.
- Houses have a median rent of $600 while Units have a median rent of $455.
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