Last Waterfront Development Site in Kelvin Heights

Listed 20 Apr
559 Peninsula Road, Kelvin Heights, Queenstown-Lakes, Otago
Enquiries over $7,000,000
Details


Last Waterfront Development Site in Kelvin Heights
Positioned in one of Kelvin Heights’ most sought-after pockets, this exceptional lakeside offering delivers an enviable lifestyle just moments from the very best of the peninsula.
Set above the Bayview Reserve, you’ll enjoy direct access to open green spaces, the jetty, and a family-friendly playground, all right on your doorstep. Whether it’s morning walks along the lake, afternoons by the water, or launching the boat for a day on Lake Wakatipu, this location makes it effortless.
Bathed in sunshine and capturing stunning lake views, the property combines privacy with connection, a rare balance in such a tightly held area. With generous proportions and outstanding potential, it’s perfectly suited for those looking to build, landbank, or create a remarkable permanent or holiday home.
- Large 2663m² (+/-) lakeside residential site
- North-facing with excellent sun and views over Lake Wakatipu
- Potential to subdivide into multiple sites subject to consent
- Directly adjoins esplanade reserve and recreation reserve
Just a short drive to Frankton and Queenstown Airport, yet feeling a world away, this is a lifestyle opportunity that truly delivers on location, outlook, and future potential.
Disclaimer: Information displayed under property details section on the portal may be sourced from third-party records and council data. Walker & Co Realty and its agents do not guarantee or warrant its accuracy. Purchasers should verify all details independently and are advised to seek independent advice

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Property insights
Past sales & timeline
- Capital Value
$6,250,000
- Capital Value
$5,360,000
- Capital Value
$4,050,000
- Capital Value
$2,250,000
- Sold
$460,000
- Decade built



