20 Ewing Grove, Acacia Bay, Taupo

Located at 20 Ewing Grove, Acacia Bay, Taupo, this unique property offers an unparalleled opportunity to own a substantial piece of land in an iconic Taupo location. The property, which has been in the same family for decades and is coming to the market for the first time in 50 years, is a vacant residential lot covering an expansive 1,986sqm. Despite its classification as 'Residential - Vacant', the potential for this land is immense, with its freehold ownership type ensuring complete control over its development. The land's contour is described as a 'Steep rise', which, combined with its natural New Zealand bush setting, provides a unique canvas for constructing a dream home. Although specific details about bedrooms, bathrooms, carparks, floor area, roof and wall construction, and condition are unknown, the property's location just 50 metres from the lake's edge, directly opposite the main swimming beach in North Acacia Bay, speaks volumes about its desirability.

The property's capital value has seen a significant increase, from $340,000 on July 1, 2019, to $620,000 on July 1, 2022, marking an 82.35% rise. This growth is indicative of the property's increasing value and potential. The latest sale data shows a transaction on January 6, 2024, for $490,000, following a previous sale on December 15, 2002, for $400,500. The HouGarden AVM estimates the property's value at $607,500, further highlighting its investment potential.

In terms of education, the property falls within the zones for Taupo School and Taupo-nui-a-Tia College, both of which have a decile rating of 5. Taupo School is classified as 'Contributing', while Taupo-nui-a-Tia College is a 'Secondary (Year 9-15)' institution. This zoning provides access to quality education, making the property an excellent choice for families looking to build in a location that offers both natural beauty and educational opportunities.