A waterfront home situated on one of the most coveted positions in NSW’s South Coast has hit the market, presenting a rare buying opportunity in a tightly held coastal pocket.

Offering a rare mix of direct beach access, as well as ocean and headland views, 158 Headland Drive, Gerroa is a four bedroom, two bathroom recently renovated home set on a 556sqm lot.

158 Headland Drive, Gerroa is on the market with a list price of $6,950,000. Picture: realestate.com.au

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Sales agent Ryan Stalgis from First National Coast & Country, said homes in the locale were rare and typically come up for sale once every 20 years.

“There's been a few over the last half a dozen years, but pretty much all the properties there are usually held for around 20 years at a time, changing hands,” he said.

“So there have been a few over the past few years, so this may be the last one that comes up in that position for years to come.”

Boasting an internal living space of 140sqm, stunning ocean views are on offer from the open plan living area, while other features include a sprawling deck, and the interiors have undergone a recent refurbishment.

Mr Stalgis said the home was one of a few with its prime ocean spot, in what he described as a “rare generational purchase.”

“At the end of the street there you can pretty much just walk straight down to the water from out the back,” he said.

The house is a special find in an area with a property hold time of over 20 years. Picture: realestate.com.au

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“They also have a lovely north easterly aspect, so a lot of Gerroa (has a) south westerly aspect to the water but these guys are on the back side looking out to the Pacific Ocean so it's a really private spot.

“It has a sort of rugged coastline out behind them, rock shelf and beautiful rolling green hills on the headland and its very private, nice aspects. You get that beautiful morning sun from the wind as well.”

The home is a stone’s throw to local wineries, coastal walks, a seaside golf course, as well as the towns of Gerringong and Berry.

The vendors have used the property as a weekender, and Mr Stalgis said he expected the property to appeal to retirees, or Sydney investment buyers, due to its perfect location one and a half hours from the city.

“It's a fairly small, quiet place, but it's sort of in good striking distance to just come down for the weekend,” he said.

The property has a price guide of $6,950,000.