7 Parawera Drive, Acacia Bay, Taupo

Discover the potential of 7 Parawera Drive, Acacia Bay, Taupo, a residential vacant section that spans an impressive 1058 sqm. This leasehold property, with its unknown wall and roof construction, presents a blank canvas for those looking to build their dream home or invest in a portable home or caravan site. The land's contour is described as easy/moderate fall, offering a unique landscape for development.

From a financial perspective, the property has seen a significant increase in capital value, jumping from $187,000 in July 2019 to $601,000 in July 2022, marking a 221.39% increase. The latest HouGarden AVM estimates the property's value at $577,500. It last sold for $204,000 on February 19, 2013. This trajectory underscores the property's growing appeal and investment potential.

Education is well catered for, with the property falling within the zone for Taupo School (Contributing, decile 5) and Taupo-nui-a-Tia College (Secondary Year 9-15, decile 5), ensuring quality education options for families. The section's location offers not only stunning lake views but also access to a range of amenities in a private gated community, including a heated swimming pool, sauna, spa, gym, tennis court, and more, enhancing the living experience.

Updated on April 05, 2024