2/227 Lake Terrace, Waipahihi, Taupo, Waikato

Positioned along iconic Lake Terrace in a great waterfront location, this apartment sits as close to the water’s edge as you can get — offering a front-row seat to lake living. It is rare to find a property like this. Unlike most apartment developments, there are no body corporate fees, making this a highly appealing, low-overhead option that enhances both affordability and ease of ownership — a standout advantage in an apartment setting.

From the moment you step inside, the design is intentional, drawing you straight toward the lake views without distraction. The open-plan living, dining, and kitchen area is low maintenance and easy to enjoy, with the outlook taking centre stage. A rare and highly sought-after feature, the enclosed thermal pool allows you to relax year-round, while doors open to seamlessly connect indoor and outdoor living — perfect for embracing life on the lake. Also on this level is the master bedroom, complete with a walk-through wardrobe, ensuite, and heat pump. Practicality is well considered with good storage throughout and a dedicated laundry space.

Upstairs, the lake views continue to impress. A second living area offers a warm, light-filled retreat — ideal for more relaxed or private downtime — and opens out to a very sunny patio where uninterrupted sunsets can be enjoyed. This level also hosts two additional bedrooms, one featuring its own balcony to capture the morning sunshine, along with a well-appointed bathroom.

Enjoying both morning and evening sun, this bright and inviting apartment is an easy-care option that suits holiday living, lock-and-leave convenience or permanent residence. As the only two-storey apartment in the complex, it offers a level of space, flexibility, and freedom that truly sets it apart.