10/55-59 Magnus Street, Nelson Bay

A sub-penthouse in Magnus, the luxury Nelson Bay apartment complex has just been sold for a record $2.95 million through Bonnie and Jake Roosendaal of Raine & Horne.

Located on Magnus Street, the five-bedroom, three-bathroom apartment is set on the fourth floor boasting 270 views of the water.

Spanning 482 sqm internally, the sub-penthouse comprises three living areas, a covered balcony that encircles half the dwelling and an additional open balcony on the opposite side.

The apartment comes with a three-car garage plus storage.

The Magnus offers residents access to an internal pool, communal rooms and car wash bay.

The apartment last sold for $1.5 million in 2016, below the $1.6 million it fetched in 2015.

The highest priced sale in the tightly held complex had been $2.4 million in 2021 for a four-bedroom, two-bathroom apartment.