24/27 Ithaca Road, Elizabeth Bay NSW 2011

Studio apartment | 26 m² | Second floor Marana building | Modern kitchen | No parking confirmed | Compact Elizabeth Bay living This is a genuinely rare offering in Elizabeth Bay, where studios of this size are uncommon and tend to attract a specific buyer. The property sits within a secure building called Marana, and the listing suggests a thoughtful renovation with stone benchtops, modern kitchen fittings, and a designer bathroom. For a single occupant or a city worker wanting a foothold in the inner east without the space or cost of a one-bedroom, this unit serves that purpose well. Its location near Rushcutters Bay Park and the harbour foreshore adds lifestyle appeal that is hard to replicate at this price point. The building itself appears established and secure, which matters in this market. What may affect value here is the lack of confirmed parking, outdoor space, or aspect, all of which can limit appeal for certain buyers. The 26 m² floorplan is compact even by studio standards, so the property suits a minimalist lifestyle but may feel tight for anyone wanting separation between living and sleeping zones. The heritage overlay noted on nearby properties could influence future renovation rules or insurance costs, though this is not confirmed for this unit specifically. A buyer should weigh these constraints against the obvious location strength and the quality of the internal fit-out when forming a view on price.