5/53 Ocean Drive, Merimbula, NSW 2548 | Property Value & History | OnTheHouse
 
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5/53 Ocean Drive
Merimbula NSW 2548

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 72m2
Land area: 1691m2
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Last updated 11 May 2026
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Property Details for 5/53 Ocean Dr, Merimbula

5/53 Ocean Dr, Merimbula is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1988. The property has a land size of 1691m2 and floor size of 72m2. While the property is not currently for sale or for rent, it was last sold in February 2023.

Building Type
Unit
Year Built
1988
Floor Size
72m2
Land Size
1691m2
Local Government
Bega Valley
Lot/Plan
5/SP33729

Last Listing description (February 2023)

Boasting one of Merimbula's most coveted locations, this apartment is positioned on the Fishpen Peninsular just 50 metres from beach access and within 200m to the shores of the Lake. Well built, the double brick and slab property is set on the second floor ready to soak in an abundance of natural light from a North East aspect.

The living area incorporates a generous combined dining/lounge area which flows out to a balcony set to pick up views toward town and the Lake. Bedroom accommodation comprises 2 good sized rooms with built in robes serviced by a neat main bathroom and separate toilet.

Forming a part of an immaculate complex, the apartment has no maintenance required and also receives access to a BBQ area, off street parking space and sparkling in ground swimming pool. With the added bonus of being sold fully furnished, this property presents excellent value to first home buyers, investors and holiday makers alike.

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Property History for 5/53 Ocean Dr, Merimbula, NSW 2548

A timeline of how this property has performed in the market
Last Sold
$470,000
15 Feb 2023
  • 15 Feb 2023
    Sold for $470,000
  • 21 Dec 2022
    Listed for Sale $489,000
  • 13 Jun 2018
    Sold for $187,000
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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 2016 was 3544 people. By 2021 the population was 3821 showing a population growth of 7.8% 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 $1800 - $2399 per month on mortgage repayments. In general, people in Merimbula work in a professional occupation.In 2021, 63.00% of the homes in Merimbula were owner-occupied compared with 58.30% in 2016.

Merimbula has 3,609 properties. Over the last 5 years, Houses in Merimbula have seen a 34.05% increase in median value, while Units have seen a 46.04% increase. As at 30 April 2026:

  • The median value for Houses in Merimbula is $942,798 while the median value for Units is $538,432.
  • Houses have a median rent of $700 while Units have a median rent of $480.
There are currently 37 properties listed for sale, and no properties listed for rent in Merimbula on OnTheHouse. According to Cotality's data, 158 properties were sold in the past 12 months in Merimbula.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

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