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 lakefront estate in Drift Bay, Queenstown, is for sale with price expectations around $20 million. The five-bedroom home on Lake Wakatipu was named House of the Year in 2014 and built by John Gavin Construction.

Set within a gated community, the property features a cinema, gym, and pool, offering uninterrupted views. Marketed by Hamish Walker, it is attracting strong interest from overseas buyers ahead of its deadline sale 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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