1639 Ocean DriveLake Cathie NSW 2445
Property Details for 1639 Ocean Dr, Lake Cathie
1639 Ocean Dr, Lake Cathie is a 16 bedroom, 8 bathroom BlockOfUnits with 8 parking spaces. The property has a land size of 1834m2. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 16 bedroom BlockOfUnits sold in Lake Cathie in the last 12 months.
Last Listing description (October 2025)
An exceptional opportunity awaits the astute buyer at 1639 Ocean Drive, Lake Cathie. Comprising four separate 450m² lots across a total land area of 1,834m², this rare holding is positioned just 100 metres from the lake and an easy stroll to the beach, local shops and everyday conveniences.
Straddled by an existing complex of seven units—six two-bedroom units and one four-bedroom unit—this property offers flexible options for the forward-thinking investor, developer or builder. Whether you choose to renovate and reap the rewards, redevelop (STCA), or landbank for future gain, the potential here is undeniable.
Set along the scenic Ocean Drive with effortless access to Port Macquarie just 20 minutes away, the property delivers the best of coastal living with peace, privacy, and long-term growth prospects.
Key Features:
• Total landholding of approx. 1,834m² (4 x 450m² lots)
• Existing complex includes:
- Six x 2-bedroom, 1-bathroom units
- One x 4-bedroom, 1-bathroom unit
• All dwellings in original condition with strong scope for renovation
• Additional shared amenities: tennis court and swimming pool (requiring refurbishment)
• Versatile options: renovate, redevelop or retain as an income-producing asset
• Take advantage of existing DA for a 14 unit complex
• Zoned for growth in one of Lake Cathie's most accessible lifestyle locations
Lifestyle Highlights:
• 100m to picturesque Lake Cathie foreshore and a short stroll to the beach
• Walk to local cafés, shopping centre, medical services and Woolworths
• Positioned along a direct coastal link to Port Macquarie, with public transport nearby
• Well-established, elevated setting offering peace of mind and a relaxed pace
The Opportunity:
Whether you're a developer seeking your next project, an investor looking to value-add, or a builder exploring a coastal prospect with long-term upside, this standout site is a must to consider.
Contact the team at Patterson First National today for an information pack or to arrange a private inspection. Opportunities of this scale and potential in Lake Cathie are few and far between.
Property Type: Block of Units
Council Rates: $4,900 pa*
Land Size: 1,834 m2
IDENTIFICATION MAY BE REQUIRED FOR ENTRY TO ALL OPEN FOR INSPECTIONS
Property History for 1639 Ocean Dr, Lake Cathie, NSW 2445
- 20 Oct 2025Sold
- 28 Jul 2025Listed for Sale $1,795,000
- 22 Jun 2022Listed for Rent $290 / week
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About Lake Cathie 2445
The size of Lake Cathie is approximately 18.4 square kilometres. It has 6 parks covering nearly 50.6% of total area. The population of Lake Cathie in 2016 was 3494 people. By 2021 the population was 4296 showing a population growth of 23.0% in the area during that time. The predominant age group in Lake Cathie is 70-79 years. Households in Lake Cathie are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lake Cathie work in a professional occupation.In 2021, 78.90% of the homes in Lake Cathie were owner-occupied compared with 78.20% in 2016.
Lake Cathie has 2,668 properties. Over the last 5 years, Houses in Lake Cathie have seen a 47.95% increase in median value, while Units have seen a 71.32% increase. As at 31 October 2025:
- The median value for Houses in Lake Cathie is $1,008,244 while the median value for Units is $636,599.
- Houses have a median rent of $700 while Units have a median rent of $550.
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