276 Peninsula Road, Kawarau Falls, Queenstown Lakes

Nestled in the serene Kelvin Heights of Queenstown Lakes, 276 Peninsula Road presents a rare opportunity on a freehold property. This A-frame residence boasts 4 bedrooms, a generous living space of 153 square meters, and is set upon a sprawling 2370 square meter section with easy/moderate rise contour. The exterior features wood walls in good condition and an iron roof, both well maintained. The property has experienced a substantial Capital Value growth of 85.71% from $1,190,000 in 2017 to $2,210,000 as of 2021. The latest sales reflect its value, with a sale in 2024 at $2,750,000 and a previous one in 2022 at $2,200,000. HouGarden AVM estimates the property at $2,190,000. For families, the property falls within the decile 10 school zones of both St Joseph's School and Remarkables Primary School, ensuring top-notch education for children.

Renovated to the highest standards, the home combines modern living with Alpine charm. Soaring cathedral ceilings, timber accents, and modern fittings create a warm and inviting atmosphere. Enjoy the stunning lake views from two expansive decks, one with a Mason Ridge Cedar Hot Tub. The property includes a detached garage, landscaped gardens, a sizeable garden shed, and automatic security gates, offering both privacy and convenience. With potential for subdivision, this property is not just a home but a sound investment in a highly sought-after location.

With a favorable planning report indicating possibilities for two additional lots, this property in a quiet cul-de-sac is perfect for those seeking tranquility, space, and privacy, with the added bonus of being in a top school zone. Don't miss the chance to secure this unique piece of real estate in Queenstown's most coveted enclave.

Updated on November 13, 2024