1 Tongarra Drive, Ocean Shores NSW 2483

Elevated ridgeline | North-east ocean views | Dual-living layout | Bushfire overlay noted The property’s primary competitive strength is its elevated ridgeline position, delivering rare north-east ocean views across a reserve, which is difficult to replicate in this market. The 313m² building footprint with a wrap-around deck and cathedral ceilings offers a spacious, light-filled interior that appeals to families seeking separation or dual-living options. This configuration serves buyers wanting a single residence with guest quarters or a separate income stream, given the versatile floorplan. The 753m² lot with lush gardens and cross-ventilation adds lifestyle value, while the suburb’s 15.9% growth and high owner-occupancy rate signal stable demand. The bushfire overlay is the primary risk, requiring additional planning checks and potentially higher insurance costs, though flood risk is absent. The current listing price exceeds recent estimates and the November 2024 sale price of $1.15m, meaning the buyer must negotiate toward that benchmark to avoid overpaying. The rental yield of 3.6% is modest, but the property’s dual-living potential could improve income if configured separately. Hold for capital growth in a tight coastal market, or use as a family home with future subdivision potential subject to council approval.