Listed: Thu, 22 Jan

Elevated Two Mile Bay Lake Living

358 Lake Terrace, Two Mile Bay, Taupo, Waikato

To be sold by tender (closes on 4 Mar)

5 Beds
5 Baths
300m² Floor
1348m² Land

Other Features

4 Ensuites
3 Garage parking

Attribute	Value
Property type	House
Capital value (CV)	$1,330,000
Parking	3 car garaging
Agency reference	TAUP2587
Broadband in the area	Fibre, Satellite, Wireless

Quietly set above the shoreline of Two Mile Bay, this elevated retreat delivers a rare combination of privacy, sun and sweeping lake views. Reached via a tree-lined driveway and secured by an electric gate, the home enjoys a peaceful, tucked-away feel while remaining firmly connected to the lake and town.

From its north-facing position, the outlook stretches across the water to Acacia Bay and beyond to Taupo’s town centre, with changing light, sunsets and evening reflections providing a constantly evolving backdrop. Despite the elevated setting, the lake edge is just moments away with the Two Mile Bay boat ramp within sight and the Kokomea Shopping Centre a convenient walking distance.

Designed with flexibility in mind, the five-bedroom, five-bathroom home caters effortlessly to families, extended stays and guests. The main residence on the upper level is arranged to maximise both sun and views, with generous living spaces. A well-appointed kitchen anchors the living areas, allowing easy connection with family and friends, while a separate lounge provides a refined space to relax. Accommodation is substantial, with three bedrooms each enjoying their own ensuite, making hosting a breeze. A dedicated office or additional bedroom further enhances versatility for work-from-home living or overflow accommodation.

Adding another layer of appeal is the self-contained guest suite on the lower level, offering privacy and independence. Well-presented and previously utilised for short-stay accommodation, it provides an excellent option for guest lodging or generating supplementary income.

Completing the picture is internal-access triple garaging, with room for vehicles and lake toys to make the most of this exclusive lakeside location.

Whether envisioned as a permanent home, a lock-and-leave retreat, or a private haven with income potential, this is a property that offers scale, serenity and an enviable position by the water, all just minutes from the heart of Taupo.

TENDER: Closes 12:30pm Wednesday 4 March 2026 NZSIR Taupo Office (unless sold prior)

Open home times

No times scheduled

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Local Schools

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