Dual-Home Lifestyle Estate with Subdivision upside

Listed 27 Aug
126 Pearson Road, Cromwell, Central Otago, Otago
Enquiries over $3,950,000
Details
- Land area
- 1.95 hectares
- Floor area
- 624m²
- Parking
- 7 garages


Dual-Home Lifestyle Estate with Subdivision upside
Set on approximately 1.95 hectares along the Kawarau Gorge, directly opposite Bannockburn, this remarkable lifestyle property enjoys panoramic views over surrounding vineyards, rugged mountain ranges and the dramatic gorge landscape. With two substantial dwellings and subdivision consent already issued, the estate offers an exceptional combination of lifestyle, versatility and future potential.
The impressive main residence extends across approximately 492sqm and has been thoughtfully designed for generous family living and effortless entertaining. Its heart is a beautifully integrated living zone featuring a designer kitchen, spacious dining area and multiple lounges, all connecting seamlessly to create an inviting and highly functional home.
Six double bedrooms and four bathrooms are positioned across the lower level, providing excellent separation, privacy and practicality. Upstairs, an expansive multi-purpose retreat includes a built-in bar and separate powder room. This adaptable space is ideal for entertaining, relaxing with family, working from home, accommodating guests, or creating an impressive games and media room.
Year-round comfort is assured through a comprehensive heating system incorporating underfloor heating and radiators. Outside, sun-drenched entertaining areas and a resort-style swimming pool create an outstanding setting for long Central Otago summers, while triple-car garaging provides additional space and convenience.
The second dwelling is a modern home of approximately 132sqm, comprising four bedrooms, two bathrooms and open-plan living that flows naturally onto a generous deck. Perfect for extended family, guests, staff accommodation or supplementary income, it adds significant flexibility to the property.
A separate four-bay garage and workshop offers exceptional space for vehicles, boats, recreational equipment, storage or hands-on projects—an ideal addition for those wanting to make the most of the Central Otago lifestyle.
Further enhancing the opportunity, subdivision consent has been granted to create two separate freehold titles of approximately 0.975 hectares each. This provides exciting possibilities for future development, multi-generational ownership, additional value or long-term flexibility.
Conveniently located within easy reach of Cromwell township and just four minutes from Highlands Motorsport Park, the property is also close to acclaimed wineries, golf courses and the Lake Dunstan Cycle Trail. Queenstown International Airport is approximately 40 minutes away.
Offering exceptional scale, breathtaking surroundings and genuine future upside, this is a rare opportunity to secure a landmark Central Otago estate.
Buyer enquiries over $3,950,000
Inspection by appointment.
Disclaimer: While every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must satisfy themselves by inspection or otherwise. Although high standards have been used in preparing this document, no legal responsibility can be accepted for any loss or damage resulting from the content or use of this information. Any photographs show only certain parts of the property as they appeared when taken. Areas, amounts, measurements, distances, and all other numerical information are approximate only. Note: Every care has been taken to verify the accuracy of the details in this advertisement; however, we cannot guarantee its correctness. Prospective purchasers are requested to take necessary action to satisfy themselves with any pertinent matters.
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Local Schools
- GOLDFIELDS SCHOOL (CROMWELL)Gilling PlaceRoll: 338
- WILLOWS EARLY LEARNING CENTRE20 Pinot Noir DriveRoll: 80
- KIDSFIRST KINDERGARTENS CROMWELL25 Gilling PlaceRoll: 26
- BARNARDOS EARLY LEARNING HOME BASED SOUTHLAND ONE25A Gilling PlaceRoll: 23
- BARNARDOS EARLY LEARNING CENTRE CROMWELL25 A Gilling PlaceRoll: 46
- LITTLE WONDERS CROMWELL102 Barry AvenueRoll: 63
- CROMWELL COLLEGEBarry AvenueRoll: 696
- CROMWELL PRIMARY SCHOOLMolyneux AvenueRoll: 417
- CLYDE SCHOOL25 Blyth StreetRoll: 174
- THE TERRACE SCHOOL (ALEXANDRA)Marslin StreetRoll: 291
- DUNSTAN HIGH SCHOOLEnterprise StreetRoll: 577
- ST GERARD'S SCHOOL (ALEXANDRA)2 Station StreetRoll: 165
- ALEXANDRA PRIMARY SCHOOL2 Ventry StreetRoll: 208
- WAKATIPU HIGH SCHOOL47-49 Red Oaks DriveRoll: 1552
- LIGER LEADERSHIP ACADEMYUnit 10 34 Grant RoadRoll: 32
- MT ASPIRING COLLEGE101 Plantation RoadRoll: 1315
Location info
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Property insights
HomesEstimate
- Updated
- October 1, 2026
- Estimated value
- $3.99M - $4.47M
These are computer generated price guides only. For more information about this property, contact the agent.
RentEstimate
- Estimated rent
- Not yet available
- Rental yield
- Not yet available
More about RentEstimate and rental yield
Capital value
Summary of land value and improvement value. This is set by the council.
- Updated
- September 1, 2025
- Capital value
- $3,680,000
- Land value
- $1,050,000
- Improvement value
- $2,630,000
Capital Valuation and rates information is sourced from the relevant council. Confirm directly with the council before making any decisions based on this data.
Property trends
- Property estimate trend
- This home estimate range: 3.99M - 4.47M
- Suburb median
- Cromwell: 955K




