OFF MARKET

5/17 Ocean Drive
Merimbula NSW 2548

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 63m2
Land area: 1196m2
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Property Details for 5/17 Ocean Dr, Merimbula

5/17 Ocean Dr, Merimbula is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1977. The property has a land size of 1196m2 and floor size of 63m2. While the property is not currently for sale or for rent, it was last sold in October 2016.

Building Type
Unit
Year Built
1977
Floor Size
63m2
Land Size
1196m2
Local Government
Bega Valley
Lot/Plan
5/SP11736

Last Listing description (December 2016)

Looking for a lifestyle 'sea change'?? Then the Management Rights over this fabulous beachside holiday complex could be just what you are looking for. Management rights have long been a Merimbula favourite enabling you to have an income, yet with plenty of time for the Golf, Fishing, Bowls or just enjoying our fabulous laid back lifestyle.
What you buy is your residence to live in, plus the right to manage the four apartments in the complex.
The residence is beautifully presented and features an open planned living/dining/kitchen, two bedrooms with builtins, bathroom with spa, and an office. You have your own lock up garage plus a rear yard with room for the veggies etc. Oh, did we mention that it is just across the road from the beach and Ford park? Wow, what a lifestyle!

It provides a modest income and is ideal for those seeking semi retirement.
Enquire now for more details.

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Property History for 5/17 Ocean Dr, Merimbula, NSW 2548

A timeline of how this property has performed in the market
Last Sold
$280,000
07 Oct 2016
  • 07 Oct 2016
    Sold for $280,000
  • 29 Sep 2016
    Listed for Sale $360,000
  • 31 Aug 2016
    Listed for Sale Not Disclosed
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About Merimbula 2548

The size of Merimbula is approximately 18.3 square kilometres. It has 14 parks covering nearly 8.6% of total area. The population of Merimbula in 2011 was 3,277 people. By 2016 the population was 3,544 showing a population growth of 8.1% in the area during that time. The predominant age group in Merimbula is 60-69 years. Households in Merimbula are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Merimbula work in a professional occupation. In 2011, 57.8% of the homes in Merimbula were owner-occupied compared with 58.3% in 2016.

Merimbula has 3,596 properties. Over the last 5 years, Houses in Merimbula have seen a 68.00% increase in median value, while Units have seen a 81.31% increase. As at 28 February 2025:

  • The median value for Houses in Merimbula is $889,130 while the median value for Units is $538,184.
  • Houses have a median rent of $675 while Units have a median rent of $500.
There are currently 56 properties listed for sale, and 2 properties listed for rent in Merimbula on OnTheHouse. According to CoreLogic's data, 123 properties were sold in the past 12 months in Merimbula.

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