64 Ocean StreetMollymook NSW 2539
Property Details for 64 Ocean St, Mollymook
64 Ocean St, Mollymook is a 1 bedroom, 1 bathroom Other. The property has a land size of 620m2 and floor size of 198m2. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 1 bedroom Other sold in Mollymook in the last 12 months.
Last Listing description (October 2025)
Just over 100 metres from the golden sands of Mollymook Beach, this blue-chip property presents a rare and exciting opportunity for savvy investors, developers, and land bankers alike.
Currently home to the Mollymook Newsagency, the property is securely leased until December 2031 (including options), generating a passive income of $27,740.66 per annum. However, the real value lies in the land and the MU1 Mixed Use zoning - offering a canvas for future mixed-use or shop-top housing development (subject to council approval) in one of the South Coast's most sought-after beachside suburbs. Picture luxurious north facing apartments and with a commercial component.
* North facing with ocean and beach views
* Zoned MU1 Mixed Use - supports both commercial & residential uses
* 619.7m² block with dual street access
* Approx. 200m² of floor area including shop front and old dwelling
* 11m height limit - development potential (STCA)
* Land value: $2,300,000 (Valuer General, as of 1 July 2024)
Walk to Mollymook Golf Club, cafes, restaurants, beachside golf course & more.
With a secure lease in place, this is a strategic acquisition for those looking to capitalise on future redevelopment potential in a tightly held coastal location.
Property History for 64 Ocean St, Mollymook, NSW 2539
- 03 Oct 2025Sold for $2,090,000
- 17 Sep 2025Listed for Sale Price by Negotiation
- 27 Jan 2017Sold for $1,100,000
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About Mollymook 2539
The size of Mollymook is approximately 1.8 square kilometres. There are 8 parks, covering nearly 25.4% of the total area. The population of Mollymook in 2016 was 1083 people. By 2021 the population was 1195 showing a population growth of 10.3% in the area during that time. The predominant age group in Mollymook is 60-69 years. Households in Mollymook are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mollymook work in a professional occupation.In 2021, 75.10% of the homes in Mollymook were owner-occupied compared with 73.90% in 2016.
Mollymook has 1,253 properties. Over the last 5 years, Houses in Mollymook have seen a 36.50% increase in median value, while Units have seen a 34.61% increase. As at 30 April 2026:
- The median value for Houses in Mollymook is $1,105,315 while the median value for Units is $714,813.
- Houses have a median rent of $635 while Units have a median rent of $490.
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