SOLD
Sold on 18 Sep 2024 for $716,000

2/5-7 Esplanade
Elizabeth Bay NSW 2011

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 64m2
Land area: 1977m2
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Property Details for 2/5-7 Esplanade, Elizabeth Bay

2/5-7 Esplanade, Elizabeth Bay is a 1 bedroom, 1 bathroom Unit and was built in 1975. The property has a land size of 1977m2 and floor size of 64m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 1 bedroom Unit sold in Elizabeth Bay in the last 12 months.

Building Type
Unit
Year Built
1975
Floor Size
64m2
Land Size
1977m2
Local Government
Sydney
Lot/Plan
2/SP9079

Last Listing description (September 2024)

Experience intimate views across Beare Park and out to the harbour in this unique studio on Esplanade, one of Elizabeth Bay's most coveted waterfront addresses.

Nestled on the ground floor at the front of the historic 'Karingal' building, the sun-drenched North facing apartment opens to a sprawling entertainers' terrace, perfect for enjoying summer days and alfresco nights with the stunning foreshore at your fingertips. 'Karingal' is a security building set back from the street with the studio itself featuring original parquet flooring, a generous gas kitchen, and recently renovated bathroom. The building's amenities include a wonderful entertaining zone with barbeques, swimming pool, and sheltered dining area, plus a convenient shared laundry room.

A rare chance in a prized location, close to the marina and local favourite The Lookout Cafe, while also being a short walk to vibrant Macleay St, this home is perfect for investors or owner-occupiers seeking a low-maintenance and picturesque harbourfront lifestyle.

PROPERTY FEATURES
Expansive entertainer's terrace, includes gas barbeque
Intimate harbour experience from your terrace
Prized security building with video intercom, air-conditioning
Original parquet floors, freshly painted, new blinds
Streamlined space with Murphy bed, built-in wardrobe
Kitchen includes stone benches, gas cooking, fridge
Recently renovated bathroom, floor to ceiling tiles
Lift access to common laundry room downstairs
Excellent shared pool/barbeque//entertaining area
Parking available via lease
Quick stroll to Elizabeth Bay cafes, marina, foreshore
Potts Point dining & shopping within a short walk

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Property History for 2/5-7 Esplanade, Elizabeth Bay, NSW 2011

A timeline of how this property has performed in the market
Last Sold
$716,000
18 Sep 2024
Listed for Rent
$235/w
22 Dec 2001
  • 18 Sep 2024
    Sold for $716,000
  • 08 Aug 2024
    Listed for Sale AUCTION
  • 22 Dec 2001
    Listed for Rent - Price not available
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About Elizabeth Bay 2011

The size of Elizabeth Bay is approximately 0.2 square kilometres. It has 5 parks covering nearly 10.8% of total area. The population of Elizabeth Bay in 2011 was 5,093 people. By 2016 the population was 5,222 showing a population growth of 2.5% in the area during that time. The predominant age group in Elizabeth Bay is 30-39 years. Households in Elizabeth Bay are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Elizabeth Bay work in a professional occupation. In 2011, 38.5% of the homes in Elizabeth Bay were owner-occupied compared with 36.1% in 2016..

Elizabeth Bay has 4,663 properties. Over the last 5 years, Houses in Elizabeth Bay have seen a -24.09% decrease in median value, while Units have seen a 16.56% increase. As at 31 October 2024:

  • The median value for Houses in Elizabeth Bay is $3,200,797 while the median value for Units is $1,095,524.
  • Houses have a median rent of $700 while Units have a median rent of $680.
There are currently 18 properties listed for sale, and 23 properties listed for rent in Elizabeth bay on OnTheHouse. According to CoreLogic's data, 232 properties were sold in the past 12 months in Elizabeth bay.

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