Feature article

Once crowned one of New Zealand's best homes, this lakefront estate is for sale — and it won't come cheap

Award-winning Queenstown lakefront estate with a cinema, pool and gym is on the market for around $20 million.

Alan Granville
Last updated: 23 June 2026 | 2 min read
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An award-winning Queenstown lakefront estate in Drift Bay is for sale with price expectations around $20 million. The five-bedroom home, built by John Gavin Construction, was named House of the Year at the 2014 Registered Master Builders Awards.

Set on Lake Wakatipu, the property features a cinema, pool, and gym. Marketed by Walker & Co Realty, it is expected to attract offshore buyers, with recent interest from Australia increasing. The sale is by deadline on July 27.

The home is in an exclusive gated community. Photo: TRADE ME/Walker & Co Realty

The views out to the lake and mountains. Photo: TRADE ME/Walker & Co Realty

The home is an award-winner. Photo: TRADE ME/Walker & Co Realty

It was built by John Gavin Construction. Photo: TRADE ME/Walker & Co Realty

One of the five bedrooms. Photo: TRADE ME/Walker & Co Realty

There’s a pool alongside a gym and steam room. Photo: TRADE ME/Walker & Co Realty

There’s a home cinema. Photo: TRADE ME/Walker & Co Realty

The home is set on a flat 4357m² section within an exclusive gated community. Photo: TRADE ME/Walker & Co Realty

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