A former show home in the wealthy enclave of Jacks Point is back on the market a year after it sold for $1.45 million.
The owners bought the stylish three-bedroom house at 11 Mulholland Drive after moving to Queenstown-Lakes from Tauranga and finding nothing suitable for rent.
“This was a stepping stone for us,” one of the owners told OneRoof.
“We got here at a time when there weren’t a lot of rentals around. We couldn’t find a house to rent, and there wasn’t a lot to buy either, so we were fortunate we were able to get this.”
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The property they pounced on was the display home for the new Station View development, started five years ago by Classic Builders.
The owner said they were cashed up after selling their house in Tauranga and had heard a rumour that the Station View display home was coming up for sale.
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“So we jumped. We put an offer in on the Monday and went unconditional on the Thursday,” she said.
“We have a son at high school who loves snowboarding, we have close friends down here that we were always visiting, so we had good reasons to move down here,” she said.
But after just a year in their new home, the owners are looking for something bigger.
11 Mulholland Drive was built in 2021. It was used to advertise the Station View development, which boasts some 70 terrace and three-bedroom homes next to a medical centre and planned village centre.
New Zealand Sotheby’s International Realty agent Nicky Rhodes, who is marketing the property, said the $1.45m the owners paid a year ago would be considered entry-level in the current market.
The show home, built in 2021 as the new subdivision opened up has close-up views of the Remarkables. Photo / Supplied
The house, which has been lived in for only a year, came with plenty of show home extras. Photo / Supplied
It’s at the lower end of the price band for Jacks Point, where properties frequently sell for more than $2m and can fetch up to $14m.
Rhodes, who is taking 11 Mulholland Drive, to auction on September 18, she said she had fielded interest from both locals and out-of-town buyers.
The owners told OneRoof they were thrilled with the quality of the extras that came with the show home: extra parking spaces, a stone-walled back patio with a fireplace (and stunning views of the Remarkable Ranges), ducted central heating and Harro wood floors.
“We have just really thoroughly enjoyed living there. It’s been a nice, low-maintenance house to live in and it’s shown us a different way of living. I think a lot of people think that they’re compromising but you’re actually not, because it has everything you would get from a bigger place,” one of the owners said.
She added: “I feel it’s served its purpose.”
Rhodes said that Station View owners pay a quarterly fee of $800 to the Jacks Point Resident Owners Association, which allows use of the tennis court, playgrounds and bike trails (the world-class golf club has separate membership).
Rhodes told OneRoof she still found the close mountain views “awesome and awe-inspiring" and said the Station View neighbourhood was handy to buses to Queenstown and access to bike trails.
- 11 Mulholland Drive, Jacks Point, Queenstown, goes to auction on September 18
