1/53 Ocean Drive, Merimbula NSW 2548
Merimbula Unit
Technical details
How this sale compares
Sold for $945,000 in Feb 2025, up $695,000 (278%) on the $250,000 paid in Oct 2015. That is about 15.3% a year over 9.3 years.
Over the same period the median unit price in Merimbula rose 112%, from $255,000 in 2015 to $540,000 in 2025.
The 2025 sale was 75% above the Merimbula median unit price for that year ($540,000 across 111 sales).
Since then the median unit price in Merimbula has risen 4%, from $540,000 in 2025 to $562,500 over the last 12 months (82 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 $945,000 on 10 Feb 2025, that rent is a gross yield of 2.6% 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.
Related sales
Sale history
Sold is the contract date, when the sale was agreed. Settled is the date ownership transferred.
| Beds | Baths | Cars | Title reference | |||
|---|---|---|---|---|---|---|
| 10 Feb 2025 | 2 May 2025 | $945,000 | - | - | - | 1/SP33729 |
| 9 Oct 2015 | 10 Dec 2015 | $250,000 | - | - | - | 1/SP33729 |
$945,000 Sold 10 Feb 2025
Settled2 May 2025
Beds-
Baths-
Cars-
Title reference: 1/SP33729
$250,000 Sold 9 Oct 2015
Settled10 Dec 2015
Beds-
Baths-
Cars-
Title reference: 1/SP33729
Other sales at 53 Ocean Drive
The most recent sales of other units in this building. See every sale in the building.
| Beds | Baths | Cars | Title reference | ||||
|---|---|---|---|---|---|---|---|
| 8 | 5 Feb 2025 | 24 Mar 2025 | $530,000 | - | - | - | 8/SP33729 |
| 9 | 5 Nov 2024 | 18 Nov 2024 | $455,000 | - | - | - | 9/SP33729 |
| 7 | 22 Mar 2024 | 3 May 2024 | $442,000 | - | - | - | 7/SP33729 |
| 6 | 20 Jan 2023 | 27 Mar 2023 | $465,000 | - | - | - | 6/SP33729 |
| 5 | 15 Feb 2023 | 15 Mar 2023 | $470,000 | - | - | - | 5/SP33729 |
| 3 | 18 Nov 2021 | 20 Dec 2021 | $250,000 | - | - | - | 3/SP33729 |
| 6 | 22 Sep 2020 | 3 Nov 2020 | $176,000 | - | - | - | 6/SP33729 |
| 5 | 13 Jun 2018 | 29 Jun 2018 | $187,000 | - | - | - | 5/SP33729 |
| 8 | 12 Oct 2015 | 10 Dec 2015 | $190,000 | - | - | - | 8/SP33729 |
$530,000 Sold 5 Feb 2025
Title reference: 8/SP33729
$455,000 Sold 5 Nov 2024
Title reference: 9/SP33729
$442,000 Sold 22 Mar 2024
Title reference: 7/SP33729
$465,000 Sold 20 Jan 2023
Title reference: 6/SP33729
$470,000 Sold 15 Feb 2023
Title reference: 5/SP33729
$250,000 Sold 18 Nov 2021
Title reference: 3/SP33729
$176,000 Sold 22 Sep 2020
Title reference: 6/SP33729
$187,000 Sold 13 Jun 2018
Title reference: 5/SP33729
$190,000 Sold 12 Oct 2015
Title reference: 8/SP33729
Recent sales on Ocean Drive
Sold in the last two years.
- 4/27 Ocean Dr, Merimbula 2548 $590,000 sold 9 Jul 2026
- 1/23 Ocean Dr, Merimbula 2548 $580,000 sold 2 Jul 2026
- 5/59A Ocean Drive, Merimbula 2548 $740,000 sold 10 Oct 2025
- 3/27 Ocean Dr, Merimbula 2548 $640,000 sold 18 Sep 2025
- 11/57-59 Ocean Drive, Merimbula 2548 $440,000 sold 22 Jul 2025
- 5/57-59 Ocean Drive, Merimbula 2548 $455,000 sold 16 Jul 2025
- 9/57-59 Ocean Drive, Merimbula 2548 $452,000 sold 12 Jun 2025
- 3/26 Ocean Drive, Merimbula 2548 $1,770,000 sold 28 May 2025
Recent sales nearby
Sold in the last 12 months within about 400 metres.
- 31/1 Dunns Lane, Merimbula 2548 $640,000 sold 7 Aug 2026
- 17/1 Dunns Lane, Merimbula 2548 $447,500 sold 16 Jul 2026
- 7/1 Marine Pde, Merimbula 2548 $349,000 sold 29 May 2026
- 6/6 Calendo Ct, Merimbula 2548 $352,000 sold 13 May 2026
- 13/1 Dunns Lane, Merimbula 2548 $460,000 sold 14 Apr 2026
- 7/10 Marine Pde, Merimbula 2548 $675,000 sold 2 Apr 2026
- 13/10 Marine Pde, Merimbula 2548 $785,000 sold 20 Mar 2026
- 7/1 Dunns Lane, Merimbula 2548 $589,000 sold 12 Mar 2026