3/23 Ocean Dr, Merimbula NSW 2548
Merimbula Unit
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.
Technical details
How this sale compares
The 2025 sale was 56% 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 $840,000 on 14 Mar 2025, that rent is a gross yield of 3.0% 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.
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 | |||
|---|---|---|---|---|---|---|
| 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
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
Other sales at 23 Ocean Dr
The most recent sales of other units in this building. See every sale in the building.
Recent sales on Ocean Dr
Sold in the last two years.
- 4/27 Ocean Dr, Merimbula 2548 $590,000 sold 9 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
- 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.
- 3/30 Fishpen Rd, Merimbula 2548 $445,000 sold 27 Aug 2026
- 9/10 Fishpen Rd, Merimbula 2548 $425,000 sold 13 Aug 2026
- 31/1 Dunns Lane, Merimbula 2548 $640,000 sold 7 Aug 2026
- 5/14 Fishpen Rd, Merimbula 2548 $350,000 sold 6 Aug 2026
- 17/1 Dunns Lane, Merimbula 2548 $447,500 sold 16 Jul 2026
- 3/7 Calendo Ct, Merimbula 2548 $461,560 sold 3 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
Feature data history (beds/baths/cars)
Multiple records here can indicate updates over time (renovations, corrected data, or source conflicts). This section loads when opened.
| Observed | Effective | Beds | Baths | Cars | Active |
|---|---|---|---|---|---|
| Open this section to load feature observations. | |||||
Open this section to load feature observations.