3 Otway Close, Merimbula NSW 2548

fully renovated coastal home | prime Merimbula cul-de-sac | oversized 1,818m² block | five-bedroom configuration | move-in ready premium position This property presents a rare combination of a fully renovated interior and exceptionally large landholding in a quiet Merimbula cul-de-sac. The five-bedroom layout and six-car parking capacity signal a house designed for extended family use or high-occupancy coastal living, while the 1,818m² block offers future subdivision potential or simply generous outdoor space. For buyers seeking a turnkey solution with room to grow, very few comparable listings offer this balance of renovation quality and land scale. The principal risk is the asking price premium relative to the area’s median—without strong local sales evidence at this level, resale liquidity may be slower. Additionally, the older local demographic profile suggests demand is seasonal; the buyer should weigh holding costs against likely rental yield for a property of this size. Opportunities lie in the subdivision potential of the large block (subject to council approval) and the scarcity of newly renovated homes in this part of Merimbula, which could support capital growth over a medium-term horizon. FTTP internet is a minor convenience but not a primary value driver.