FOR SALE
$775,000

4 The Cove
Nelly Bay QLD 4819

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 889m2
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889m2 Absolute Waterfront Land with Private Pontoon

This large 889m2 block offers over 20m water frontage with its own private 10m pontoon so you can sail right up to your new waterfront home. Close by are shops, cafes & fine dining restaurants just a short stroll away. Located in the Magnetic Marina, marina views are complemented with the picture-perfect backdrop of the Island's mountains with their picturesque granite boulders and hoop pines.
Underground power, sewerage & town water all available.
Property Code: 1426

Property Details for 4 The Cove, Nelly Bay

Building Type
Land
Land Size
889m2

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About Nelly Bay 4819

The size of Nelly Bay is approximately 4.7 square kilometres. It has 5 parks covering nearly 52.3% of total area. The population of Nelly Bay in 2011 was 1,054 people. By 2016 the population was 1,216 showing a population growth of 15.4% in the area during that time. The predominant age group in Nelly Bay is 50-59 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 2011, 58.9% of the homes in Nelly Bay were owner-occupied compared with 57.1% in 2016.

Nelly Bay has 1,407 properties. Over the last 5 years, Houses in Nelly Bay have seen a 79.13% increase in median value, while Units have seen a 85.65% increase. As at 31 August 2024:

  • The median value for Houses in Nelly Bay is $590,207 while the median value for Units is $408,142.
  • Houses have a median rent of $550 while Units have a median rent of $575.
There are currently 35 properties listed for sale, and 7 properties listed for rent in Nelly bay on OnTheHouse. According to CoreLogic's data, 87 properties were sold in the past 12 months in Nelly bay.

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Alex Strens
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Best of Magnetic Real Estate - MAGNETIC ISLAND
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