Owners of an earthquake-damaged Christchurch waterside luxury home claim it will cost $8.5 million to rebuild.
The 812 square metre home, which sits on the edge of the Avon-Heathcote Estuary, suffered "significant" structural and foundation damage in the September 2010 and February 2011 quakes.
GJO Trustees, who owns the house on Main Rd, Redcliffs say it's been "totally destroyed" and is unrepairable.
They say a rebuild will cost $8,455,690,41.