4/1-3 The Cove Nelly Bay QLD 4819
Property Details for 4/1-3 The Cove, Nelly Bay
4/1-3 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 130m2 and floor size of 104m2. While the property is not currently for sale or for rent, it was last sold in February 2022.
Last Listing description (June 2025)
Rarely do you find an apartment with a garden in a waterfront complex on Magnetic Island so this is an opportunity not to be missed. The location is perfect-it's a short 5 minute scenic walk through the marina to the ferry terminal whilst there's a selection of shops and eateries just across the road. The primary school, supermarkets and medical facilities are also all a very short walk so you really won't need a car here but there is a designated covered carport should you need it.
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 very spacious master bedroom features a large walk-in wardrobe and ensuite bathroom and also opens onto the patio.
The property is fully air-conditioned with ceiling fans throughout to keep everyone comfortable whatever the weather and the plantation shutters add a touch of style and privacy.
Live in or let out, the choice is yours. Body corp fees are $10,200 p.a. approx and council rates $3700 p.a. including water.
Contact Alex to arrange a private inspection by appointment.
Property Code: 1665
Property History for 4/1-3 The Cove, Nelly Bay, QLD 4819
- 29 Apr 2025Listed for Sale $550,000
- 12 Feb 2022Sold for $435,000
- 20 Mar 2015Listed for Sale $300,000
Recent sales nearby
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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 1,428 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:
- The median value for Houses in Nelly Bay is $788,850 while the median value for Units is $470,298.
- Houses have a median rent of $600 while Units have a median rent of $450.
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