Property Details for 1 Esplanade, Coles Bay
1 Esplanade, Coles Bay is a 5 bedroom, 2 bathroom House with 2 parking spaces and was built in 1994. While the property is not currently for sale or for rent, it was last sold in May 2012.
Last Listing description (April 2025)
Private freehold island in Tasmania
To enquire, please email or call 1300 815 051 and enter code 5365
Located on the beautiful Freycinet Peninsula of Tasmania, this is an outstanding and rare opportunity for a buyer to secure a private island retreat for personal use, or a tourism operator to build upon a highly regarded exclusive guest experience.
Picnic Island is an exclusive private island that lies just 800 metres offshore on Tasmania?s prized Freycinet Peninsula and boasts unsurpassed views of the stunning Hazards Mountain Range, behind which sits the world-renowned Wineglass Bay. Adjacent to the Saffire luxury resort and across the bay from Freycinet Lodge, the island hosts its own private jetty and is easily accessible via a short boat ride.
One of only a handful of Australia?s private freehold islands, and one of few with permits for commercial use, the island offers prospective owners and guests alike the opportunity to embrace the true island experience. With 360-degree water views, the island currently offers an exclusive guest accommodation experience for up to 10 guests and is highly regarded with 5-star guest ratings across multiple platforms.
Spanning an approximate 6,753 square metres, Picnic Island is titled to the high-water mark with no crown land, a rarity for an island in Tasmania. Significant works have been undertaken on the island with all necessary approvals, and in place is a solar hot water system, off-grid solar power with backup generation, and water tanks with totaling over 50,000 litres worth of storage.
Picnic Island is home to native wildlife including a penguin colony and shearwaters, as well an abundance of seafood ? crayfish, abalone, mussels, squid and flathead can all be caught off the island, which can be explored on foot via a network of boardwalks.
Purchase price includes freehold title with all improvements and the multi award winning tourism business with all operational assets. Walk in walk out. There may be the possibility of a lease and/or vendor terms to the right person.
Please note this property is now under offer. Get in touch to chat about two other undeveloped freehold island opportunities we have in Tasmania for EOI above $750K and $550K
To enquire, please email or call 1300 815 051 and enter code 5365
Property History for 1 Esplanade, Coles Bay, TAS 7215
- 13 Feb 2025Listed for Sale Not Disclosed
- 17 Aug 2023Listed for Sale $16,000,000
- 29 Aug 2012Listed for Sale FOR SALE BY OFFER
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About Coles Bay 7215
The size of Coles Bay is approximately 106.9 square kilometres. There are 3 parks, covering nearly 47.6% of the total area. The population of Coles Bay in 2016 was 353 people. By 2021 the population was 515 showing a population growth of 45.9% in the area during that time. The predominant age group in Coles Bay is 30-39 years. Households in Coles Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coles Bay work in a labourer occupation.In 2021, 63.50% of the homes in Coles Bay were owner-occupied compared with 71.70% in 2016.
Coles Bay has 909 properties. Over the last 5 years, Houses in Coles Bay have seen a 28.28% increase in median value, while Units have seen a 35.80% increase. As at 30 April 2026:
- The median value for Houses in Coles Bay is $655,132 while the median value for Units is $373,942.
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