KEY POINTS:
A rare half-acre North Shore beachfront property is for sale and could fetch up to $10 million.
QV's national monthly house price data comes out on Monday and is expected to show the market continuing to flatten.
But Gerald Petrie of Premium Real Estate is marketing 26 Oxford Terrace in Devonport as a "once in a lifetime beach estate" and hopes for top dollar.
Most properties on Cheltenham beach are around only a quarter the size but fetch more than $3 million.
The sale is particularly unusual, he said, because of the area of land involved: a 2007sq m site which was equivalent to the old half-acre.
Quotable Value lists the property as being subdivided into two quarter-acre lots: 26 Oxford Terrace with a large white three-level house is valued at just $3.8 million for rating purposes and 26a Oxford Terrace without a house valued at $1.4 million.
Mr Petrie said some people thought rich foreigners would out-bid locals for the property. But he said at least 80 per cent of properties in the area were sold to Aucklanders.
Renowned Auckland architect Horace Lovell Massey (1895-1979) designed the art-deco house on the site.
