1/23 Ocean Dr, Merimbula NSW 2548

Merimbula Unit

Last sold $580,000 2 Jul 2026

Technical details

Title reference1/SP19420

Site area (whole strata scheme)1,072 m²

ZoningR3 Medium Density Residential

Nature of propertyResidence

Primary purposeResidence

Valuation district018

Property ID397247

How this sale compares

Sold for $580,000 in Jul 2026, up $150,000 (35%) on the $430,000 paid in May 2025. That is about 29.6% a year over 1.2 years.

Over the same period the median unit price in Merimbula fell 6%, from $540,000 in 2025 to $507,500 in 2026.

The 2026 sale was 14% above the Merimbula median unit price for that year ($507,500 across 56 sales).

Merimbula medians use NSW Valuer General sales of $50,000 or more, leaving out part-interest transfers and contracts covering several properties, and need at least 10 sales in the period. See Merimbula sold prices by year.

Rent and yield

Units in postcode 2548 rented for a median $480 a week, from 141 bonds lodged Oct 2025 to Sep 2026.

On its last sale of $580,000 on 2 Jul 2026, that rent is a gross yield of 4.3% a year, before costs and vacancies.

Median weekly rents from residential rental bonds lodged with NSW Fair Trading, by postcode. This home's own rent may differ. See rents by bedrooms in Merimbula.

Planning controls

Zone: R3 Medium Density Residential
Minimum lot size: 1,000 m² For subdividing the whole site, not one unit
Maximum building height: 10 m
Floor space ratio: 0.6:1 Floor area allowed for each square metre of site

From the Bega Valley Local Environmental Plan 2013 maps on the NSW Planning Portal, looked up at this address's map point on 22 Oct 2026. A control can cover only part of a site and plans change, so the council's planning certificate is the formal record. Planning data from the NSW Department of Planning, Housing and Infrastructure, CC BY 4.0.

Sale history

Sold is the contract date, when the sale was agreed. Settled is the date ownership transferred.

			Beds	Baths	Cars	Title reference
2 Jul 2026	16 Jul 2026	$580,000	-	-	-	1/SP19420
6 May 2025	27 May 2025	$430,000	-	-	-	1/SP19420

$580,000 Sold 2 Jul 2026

Settled16 Jul 2026

Beds-

Baths-

Cars-

Title reference: 1/SP19420

$430,000 Sold 6 May 2025

Settled27 May 2025

Beds-

Baths-

Cars-

Title reference: 1/SP19420

Other sales at 23 Ocean Dr

The most recent sales of other units in this building. See every sale in the building.

				Beds	Baths	Cars	Title reference
3	14 Mar 2025	21 Mar 2025	$840,000 Property features as at 8 December 2024. If the property has been renovated or altered, features may be different for sales before or after this date.	4	2	2	3/SP19420

$840,000 Sold 14 Mar 2025

Unit3

Settled21 Mar 2025

Beds4

Baths2

Cars2

Property features as at 8 December 2024. If the property has been renovated or altered, features may be different for sales before or after this date.

Title reference: 3/SP19420