10/57-59 Ocean Drive, Merimbula NSW 2548
Merimbula Unit
Technical details
How this sale compares
Sold for $445,000 in Dec 2024, up $275,000 (162%) on the $170,000 paid in Oct 2018. That is about 16.9% a year over 6.2 years.
Over the same period the median unit price in Merimbula rose 75%, from $300,000 in 2018 to $526,000 in 2024.
The 2024 sale was 15% below the Merimbula median unit price for that year ($526,000 across 91 sales).
Since then the median unit price in Merimbula has risen 7%, from $526,000 in 2024 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 $445,000 on 20 Dec 2024, that rent is a gross yield of 5.6% 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 | |||
|---|---|---|---|---|---|---|
| 20 Dec 2024 | 31 Mar 2025 | $445,000 | - | - | - | 10/SP32191 |
| 26 Oct 2018 | 9 Nov 2018 | $170,000 | - | - | - | 10/SP32191 |
$445,000 Sold 20 Dec 2024
Settled31 Mar 2025
Beds-
Baths-
Cars-
Title reference: 10/SP32191
$170,000 Sold 26 Oct 2018
Settled9 Nov 2018
Beds-
Baths-
Cars-
Title reference: 10/SP32191
Other sales at 57-59 Ocean Drive
The most recent sales of other units in this building. See every sale in the building.
| Beds | Baths | Cars | Title reference | ||||
|---|---|---|---|---|---|---|---|
| 5 | 16 Jul 2025 | 15 Aug 2025 | $455,000 | - | - | - | 5/SP32191 |
| 11 | 22 Jul 2025 | 8 Aug 2025 | $440,000 Property features as at 8 July 2025. If the property has been renovated or altered, features may be different for sales before or after this date. | 2 | 1 | 1 | 11/SP32191 |
| 9 | 12 Jun 2025 | 27 Jun 2025 | $452,000 Property features as at 9 July 2025. If the property has been renovated or altered, features may be different for sales before or after this date. | 2 | 1 | 1 | 9/SP32191 |
| 6 | 26 Aug 2024 | 8 Oct 2024 | $450,000 | - | - | - | 6/SP32191 |
| 1 | 2 Aug 2023 | 13 Sep 2023 | $475,000 | - | - | - | 1/SP32191 |
| 4 | 4 Aug 2022 | 31 Aug 2022 | $270,000 | - | - | - | 4/SP32191 |
| 7 | 10 Jun 2022 | 9 Aug 2022 | $500,000 | - | - | - | 7/SP32191 |
| 8 | 21 Jun 2022 | 7 Jul 2022 | $515,000 | - | - | - | 8/SP32191 |
| 13 | 22 Nov 2021 | 21 Feb 2022 | $522,555 Property features as at 18 January 2022. If the property has been renovated or altered, features may be different for sales before or after this date. | 3 | 1 | 2 | 13/SP32191 |
| 8 | 4 Dec 2020 | 17 Dec 2020 | $180,000 | - | - | - | 8/SP32191 |
$455,000 Sold 16 Jul 2025
Title reference: 5/SP32191
$440,000 Sold 22 Jul 2025
Property features as at 8 July 2025. If the property has been renovated or altered, features may be different for sales before or after this date.
Title reference: 11/SP32191
$452,000 Sold 12 Jun 2025
Property features as at 9 July 2025. If the property has been renovated or altered, features may be different for sales before or after this date.
Title reference: 9/SP32191
$450,000 Sold 26 Aug 2024
Title reference: 6/SP32191
$475,000 Sold 2 Aug 2023
Title reference: 1/SP32191
$270,000 Sold 4 Aug 2022
Title reference: 4/SP32191
$500,000 Sold 10 Jun 2022
Title reference: 7/SP32191
$515,000 Sold 21 Jun 2022
Title reference: 8/SP32191
$522,555 Sold 22 Nov 2021
Property features as at 18 January 2022. If the property has been renovated or altered, features may be different for sales before or after this date.
Title reference: 13/SP32191
$180,000 Sold 4 Dec 2020
Title reference: 8/SP32191
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
- 3/26 Ocean Drive, Merimbula 2548 $1,770,000 sold 28 May 2025
- 1/23 Ocean Dr, Merimbula 2548 $430,000 sold 6 May 2025
- 3/23 Ocean Dr, Merimbula 2548 $840,000 sold 14 Mar 2025
- 1/53 Ocean Drive, Merimbula 2548 $945,000 sold 10 Feb 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
- 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
- 2/12 Chapman Ave, Merimbula 2548 $740,000 sold 4 Mar 2026