diff --git a/docs/content/1.getting-started/2.migration.md b/docs/content/1.getting-started/2.migration.md
index b4faa1b6..a2eb08d9 100644
--- a/docs/content/1.getting-started/2.migration.md
+++ b/docs/content/1.getting-started/2.migration.md
@@ -504,7 +504,7 @@ const count = ref(0)
 </script>
 ```
 
-Closing a modal is now done through the `close` event. The `modal.open` method now returns a promise that resolves to the result of the modal whenever the modal is close:
+Closing a modal is now done through the `close` event. The `modal.open` method now returns an instance that can be used to await for the result of the modal whenever the modal is closed:
 
 ```diff
 <script setup lang="ts">
@@ -523,10 +523,12 @@ import { ModalExampleComponent } from '#components'
 -   })
 - }
 + async function openModal() {
-+   const result = await modal.open(ModalExampleComponent, {
++   const instance = modal.open(ModalExampleComponent, {
 +     count: count.value
 +   })
 +
++   const result = await instance.result
++
 +   if (result) {
 +     toast.add({ title: 'Success!' })
 +   }
diff --git a/docs/content/2.composables/use-overlay.md b/docs/content/2.composables/use-overlay.md
index ab4e3aab..2be6198a 100644
--- a/docs/content/2.composables/use-overlay.md
+++ b/docs/content/2.composables/use-overlay.md
@@ -22,14 +22,14 @@ async function openModal() {
 - The `useOverlay` composable is created using `createSharedComposable`, ensuring that the same overlay state is shared across your entire application.
 
 ::note
-In order to return a value from the overlay, the `overlay.open()` can be awaited. In order for this to work, however, the **overlay component must emit a `close` event**. See example below for details.
+In order to return a value from the overlay, the `overlay.open().instance.result` can be awaited. In order for this to work, however, the **overlay component must emit a `close` event**. See example below for details.
 ::
 
 ## API
 
 ### `create(component: T, options: OverlayOptions): OverlayInstance`
 
-Creates an overlay, and returns its instance
+Creates an overlay, and returns a factory instance
 
 - Parameters:
   - `component`: The overlay component
@@ -38,7 +38,7 @@ Creates an overlay, and returns its instance
     - `props?: ComponentProps`: An optional object of props to pass to the rendered component.
     - `destroyOnClose?: boolean` Removes the overlay from memory when closed `default: false`
 
-### `open(id: symbol, props?: ComponentProps<T>): Promise<any>`
+### `open(id: symbol, props?: ComponentProps<T>): OpenedOverlay<T>`
 
 Opens the overlay using its `id`
 
@@ -75,7 +75,7 @@ In-memory list of overlays that were created
 
 ## Overlay Instance API
 
-### `open(props?: ComponentProps<T>): Promise<any>`
+### `open(props?: ComponentProps<T>): Promise<OpenedOverlay<T>>`
 
 Opens the overlay
 
@@ -138,7 +138,7 @@ const overlay = useOverlay()
 
 // Create with default props
 const modalA = overlay.create(ModalA, { title: 'Welcome' })
-const modalB = overlay.create(modalB)
+const modalB = overlay.create(ModalB)
 
 const slideoverA = overlay.create(SlideoverA)
 
@@ -149,7 +149,9 @@ const openModalA = () => {
 
 const openModalB = async () => {
   // Open modalB, and wait for its result
-  const input = await modalB.open()
+  const modalBInstance = modalB.open()
+
+  const input = await modalBInstance.result
 
   // Pass the result from modalB to the slideover, and open it.
   slideoverA.open({ input })
diff --git a/src/runtime/composables/useOverlay.ts b/src/runtime/composables/useOverlay.ts
index f0522cf1..cb6e4d52 100644
--- a/src/runtime/composables/useOverlay.ts
+++ b/src/runtime/composables/useOverlay.ts
@@ -21,12 +21,16 @@ interface ManagedOverlayOptionsPrivate<T extends Component> {
 }
 export type Overlay = OverlayOptions<Component> & ManagedOverlayOptionsPrivate<Component>
 
-interface OverlayInstance<T extends Component> extends Omit<ManagedOverlayOptionsPrivate<T>, 'component'> {
+type OverlayInstance<T extends Component> = Omit<ManagedOverlayOptionsPrivate<T>, 'component'> & {
   id: symbol
-  result: Promise<CloseEventArgType<ComponentEmit<T>>>
-  open: (props?: ComponentProps<T>) => Omit<OverlayInstance<T>, 'open' | 'close' | 'patch' | 'modelValue' | 'resolvePromise'>
+  open: (props?: ComponentProps<T>) => OpenedOverlay<T>
   close: (value?: any) => void
   patch: (props: Partial<ComponentProps<T>>) => void
+
+}
+
+type OpenedOverlay<T extends Component> = Omit<OverlayInstance<T>, 'open' | 'close' | 'patch' | 'modelValue' | 'resolvePromise'> & {
+  result: Promise<CloseEventArgType<ComponentEmit<T>>>
 }
 
 function _useOverlay() {
@@ -48,14 +52,13 @@ function _useOverlay() {
 
     return {
       ...options,
-      result: new Promise(() => {}),
       open: <T extends Component>(props?: ComponentProps<T>) => open(options.id, props),
       close: value => close(options.id, value),
       patch: <T extends Component>(props: Partial<ComponentProps<T>>) => patch(options.id, props)
     }
   }
 
-  const open = <T extends Component>(id: symbol, props?: ComponentProps<T>) => {
+  const open = <T extends Component>(id: symbol, props?: ComponentProps<T>): OpenedOverlay<T> => {
     const overlay = getOverlay(id)
 
     // If props are provided, update the overlay's props
@@ -70,9 +73,7 @@ function _useOverlay() {
       id,
       isMounted: overlay.isMounted,
       isOpen: overlay.isOpen,
-      result: new Promise<any>((resolve) => {
-        overlay.resolvePromise = resolve
-      })
+      result: new Promise<any>(resolve => overlay.resolvePromise = resolve)
     }
   }