JLL and Luxury Real Estate, who are marketing a magic parcel of land on Pipitewai Bay waterfront, suggest that around $8.1 m (plus GST) is enough to buy paradise.
The companies, which are together marketing the 182ha freehold block of almost entirely untouched farm land overlooking Awaawaroa Bay, say that the land could stay in private use or be used for development.
The property, on 59 Waimangu Road, is for sale by tender closing November 19. Charlie Brendon-Cook of Luxury Real Estate says that the block is one of the last untouched properties of that size.
Start your property search
JLL commercial sales broker John Binning says the farmhouse with a floor area of around 246sqm is currently being used as a family home, while the cottage with around 86sqm of floor area is being promoted as a premium holiday home.
As well as the coastal flats with the main homestead, the second cottage and the ancillary buildings and farm sheds, there are also elevated ridgelines. Best of all says Brendon-Cook, are the gullies containing healthy pockets of stunning native bush, with streams and two waterfalls, plus abundant birdlife.
The 1.5km strip of coastline has walking tracks, incredible views from the ridges. Binning says that the wonderfully productive Waiheke soil is currently in pasture for sheep and cattle.
He adds that under the Operative District Plan for Waiheke, the vendor is able to apply to have the property subdivided into seven lots, opening a tremendous add-value opportunity, subject of course to council permits.
Brendon-Cook says the farmhouse and cottage have both had significant renovations and refurbishments over time and so would also suit a purchaser seeking a private retreat.
“The main house on the property is the original farmhouse which has, in the course of its life, been extended and more recently extensively renovated and refurbished to provide a very comfortable, well-appointed residence that retains its character elements like natural timber floors and internal lining,” says Brendon-Cook.
"There are beautiful corridors to the bedrooms, opening on to the verandahs. The lovely old features are still all there, a library room, large lounge and sunny morning room."
He says that both farmhouse and cottage have been enhanced with good flow from internal spaces to the adjacent deck areas and include insulated subfloor, walls, and ceiling.
The property is a 20-minute drive from the island's main ferry terminal, while destination restaurant and vineyard Poderi Crisci is just around Awaawaroa Rd.
Check out the listing below:
