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Home / New Zealand

Luxury up for grabs in holiday hotspots

By Alice Neville
Herald on Sunday·
3 Oct, 2009 03:00 PM2 mins to read

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This Pauanui home is on offer for between $5m and $6m. Photo / Supplied

This Pauanui home is on offer for between $5m and $6m. Photo / Supplied

It's not just The Mount that has a bounty of high-end properties for sale - there are luxury homes on the market in all the Upper North Island holiday hotspots.

In Northland, you can buy a beachfront home for a little over $1 million. In Oakura Bay, a two-bedroom bungalow
is for sale for the first time in 55 years. With a CV of $1.21m, the house is modest but the beautiful white-sand beach at your doorstep is anything but.

After something bigger? A four-bedroom beachfront home at Cooper's Beach is on the market for $1.1m and a three-bedroom place at Chucks Cove is listed for $1.5m.

In Pauanui, longtime favourite of the super-wealthy, a six-bedroom, five-bathroom home on the town's waterways is for sale. The impressive property is owned by Bill Lloyd of Sovereign Yachts, the luxury boat building company that is currently in liquidation.

"It's an amazing house on arguably the best spot in the waterways," said Michael Pleciak of Bayleys.

Lloyd used the home as a holiday house but is selling because the family hadn't been using it as much as they were anticipating, says Pleciak.

The property, which features two jetties and a boat ramp, is predicted to fetch between $5m and $6m.

If that's out of your price range, there are several nearby waterways homes on the market for around $1.3m.

Pleciak said there was a shortage of high-end waterfront properties at the moment, but there was not enough sales evidence to suggest the recession was to blame for the dearth.

In Whangamata, a luxurious modern beach house is on the market at $4.25m. Pete Sheppard of Whangamata Real Estate said the top end of the market had been quiet of late but there had been several genuine inquiries for the Pohutukawa Crescent property.

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