60 Pine Crescent, Coffin Bay, SA 5607

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Sold for $450,000 (Sep 08, 2021)

Just Off the Esplanade - Holiday Living

Having a northerly aspect into the bay, just off the Esplanade, 60 Pine Crescent offers over 4800m2 of prime real estate in Coffin Bay. You can decide whether to develop the existing cottage or build your dream home. Maybe do a land division.

The existing cottage offers 3 bedrooms , 2 bathrooms and is an excellent example of how homes where built in the early days. Currently tenanted, it offers immediate income. A good bore provides plenty of extra water and given the size of the land, the ability to build a large boat shed with space to back is a bonus. Plans have been prepared for a land division creating 2 allotments with shared vehicle access off Pine Crescent. Mature trees provide great shade and privacy.

60 Pine Crescent is located right alongside the restaurant 1802 and has a “right of way” for foot traffic to the Esplanade. Allotments of this size so close to the water are very scarce and this is just prime for a magnificent holiday home.

Currently tenanted on a periodic lease at $200p/w.

Call Mike Bowyer of Raine & Horne for an inspection on 0428 854 020.

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Property Info:
  • Property ID: L8478147
  • Property Type: House
  • Building / Floor Area: 197 sqm
  • Garages: 4
  • Land Area: 4864.0 sqm
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R&H Suburb Profile: Coffin Bay

R&H Suburb Summary Houses
Number of sales 47
Average Price $413,936
Median Price $410,000
Median Rental Price $330 p.w.
Change in Rental Rate (5yr) 31 %
R&H Suburb Summary Units
Number of sales 5
Average Price $405,000
Coffin Bay, SA - Median Trend