Back 11/1-3 The Cove
Off Market

11/1-3 The Cove

Nelly Bay QLD 4819

2
2
1
140 m²
Apartment
Last sold for $595,000
Alex StrensAlex Strens, last sold this property on 07 October 2025 after 80 days on market.

Overview

Marina-front Townhouse in excellent location

This extra-large two bedroom apartment is almost the size of a three bedroom in this complex, with two large master bedrooms, both with walk-in wardrobes and ensuite bathrooms. It enjoys beautiful views from both levels and is in a great central location with the ferry terminal, shops, restaurants, cafes, medical facilities and the school all within a 5 minute walk. 'Beachside Apartments' are a sought-after complex of just 20 apartments, with the townhouses comprising the middle and top floors and 8 single level smaller apartments on the ground floor. The low body corp fees make them desirable to owner occupiers (approx $10,500 p.a.) and council rates approx $4800 p.a. if holiday let, lower if owner occupier. This apartment is currently a popular holiday rental which you may choose to continue with or there is always demand from tenants for long-term rentals (approx $550-600 per week). Entering the living level, natural light floods the room, especially in the morning when the sun shines on the north-east facing balcony. Bi-fold doors open across the full width of the living area allowing for seamless indoor-outdoor transition between the large covered balcony and both the kitchen and lounge/dining area. Built for the climate, there's excellent airflow to capture filtered sea breezes, so you'll be comfortable in any weather with ceiling fans and split system air-con throughout. The laundry is also on this level as well as a handy powder room. Upstairs, the main master bedroom enjoys island and marina views from its private balcony, as does the luxurious spa bath in the ensuite bathroom. With extra high ceilings, timber floors, and a walk-in-wardrobe, these apartments really feel like a home rather than a holiday unit. The second bedroom is almost the size of a unit in itself and enjoys views to the hills of the island. The bedroom has plenty of room for a separate lounge area, office or further beds if you want to sleep more people. With its own walk-through robe and ensuite, this apartment is ideal for two couples who each enjoy their own privacy. Offered fully furnished and ready to move into, contact Alex to arrange a private inspection by appointment. We need to inspect between bookings so when enquiring, please advise your full availability to inspect. This information has been provided to us by third parties and we do not accept any responsibility for its accuracy. You should make your own enquiries and check the information so as to determine whether or not this information is in fact accurate. You must make your own assessment and obtain professional advice if necessary. Property Code: 1694

Features

2 bedrooms
2 bathrooms
1 carspace
1 carport space
140 m² floor area
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Nelly Bay over the last 12 months, the estimated median property value of 11/1-3 The Cove is $490k.

Median value
$490k
Estimated value range
$370k - $815k
Median days on market
122
Estimated value trend
-1%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Nelly Bay. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 11/1-3 The Cove

2025
Sold
$595,000
07 Oct 2025 by Alex Strens, of Best of Magnetic Real Estate

Happy sellers in Nelly Bay

54%
54% of sellers in Nelly Bay reported that their sale price either exceeded or met their price expectations.

Nelly Bay stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Nelly Bay over the last 12 months.

Local market activity for 2 bedroom apartments in Nelly Bay

In the last 12 months, 10 two-bedroom apartments similar to 11/1-3 The Cove, have been sold.

This represents a 32% increase in two-bedroom apartments sales when compared to the previous 12 months.

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