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Back 4/1-3 The Cove
Off Market

4/1-3 The Cove

Nelly Bay QLD 4819

2
2
1
112 m²
Apartment
Last sold for $550,000
Alex StrensAlex Strens, last sold this property on 05 June 2025 after 37 days on market.

Overview

'Beachside' Marina-front apartment with garden in ideal central location

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 second bedroom is a comfortable double room with built-in-wardrobe and is close to the main bathroom and laundry. There is a large lockable storeroom within the apartment should you intend to holiday rent the apartment. 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

Features

2 bedrooms
2 bathrooms
1 carspace
1 carport space
112 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 4/1-3 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 4/1-3 The Cove

2025
Sold
$550,000
05 Jun 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 4/1-3 The Cove, have been sold.

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

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Nelly Bay

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MaryAnne Law

Sellers who recommend MaryAnne Law have praised them for being clear communication, local expert, responsive, friendly, supportive, honest and reliable

  •   4.9   (133 reviews)
  •  8 Reviews in Nelly Bay
  •  8 Sales in Nelly Bay
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Warren Heath

Warren Heath is a recommended agent for Nelly Bay.  They have 7 local sales and collected 3 local reviews across the last 12 months.

  •   5   (10 reviews)
  •  3 Reviews in Nelly Bay
  •  7 Sales in Nelly Bay
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Kym Wilson

Sellers who recommend Kym Wilson have praised them for being clear communication, well-prepared, easy to work with, local expert, honest, supportive and stress-free process

  •   5   (54 reviews)
  •  1 Review in Nelly Bay
  •  2 Sales in Nelly Bay
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Alex Strens

Alex Strens is a recommended agent for Nelly Bay.  They have 40 local sales across the last 12 months.

  •   5   (23 reviews)
  •  40 Sales in Nelly Bay
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