Coles Bay: The remote coastal jewel where property is in high demand

Imagine the type of serenity found only in a place like Coles Bay, a headland outpost on the Freycinet Peninsula in the island state of Tasmania, on the island continent of Australia.

Surrounded by the tranquil Great Oyster Bay and within striking distance of the iconic Wineglass Bay, this coastal jewel is a haven for adventurers and serenity seekers alike.

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The hunt for holiday havens

Despite its growing popularity, Coles Bay remains intimate, with only 515 permanent residents recorded in the last census.

Paul Whytcross of Roberts Real Estate says its population ebbs and flows with the seasons.

“Year after year, visitors flock here to kayak through crystal waters, hike amid ancient landscapes, and taste the sea’s bounty straight from the source,” he says.

“Due to high demand, spontaneous accommodation bookings have become a thing of the past, compelling many to dream of owning a shack of their own.”

Despite its small scale, the town’s culinary delights are treasured. They proudly showcase Tasmania’s rich produce, from the luxury dining at the Saffire Freycinet resort to the rustic charm of the Freycinet Marine Farm.

“Nearby towns like Bicheno and Swansea cater for any shortfall, with a medical centre, primary school, daycare and other facilities all within a half-hour’s drive,” Whytcross says.

“The rising interest in holiday homes and investment properties in Coles Bay has seen median prices soar since 2019, with the scarcity of land and growth opportunities predicting a continued increase in property values.”

A shack of one’s own

Annabelle Morrison’s story of acquiring her cherished beach shack, Walter’s at Coles Bay, echoes that of many property owners who, when not using their hideaways, choose to share them with guests rather than leave them unoccupied.

“My love affair with Coles Bay began in 2012, following my move to Tasmania to be with my now husband, William, who spent his childhood summers here,” Morrison says.

“We discovered our dream shack and dedicated two years to its renovation, all the while immersing ourselves in the breathtaking surroundings of Coles Bay.”

Now, with three young sons, the couple uses the shack as the perfect base in which to unpack and settle in for days and weeks at a time, creating family memories every summer and other holiday periods.

“I’m often found picking up coffee from Granite cafe or wining and dining with friends at the beautiful wineries dotting the east coast,” Morrison says.

“Our family also loves exploring, following our noses around the local national parks to discover little paths that lead us onto completely deserted beaches, where we can spend the entire day alone.”

For sale in Coles Bay

Offers Over $1,495,000

61 Hazards View Drive, Coles Bay TAS 7215

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Stunning sea vistas are your constant companion at this lavish coastal haven gracefully perched above the shoreline. These views unfold through the living area’s expansive windows, from the ocean-facing deck, and even from the bed in the main suite.