A 1980s-era bach on Waiheke Island’s Onetangi Beach has sold for a record-breaking amount, OneRoof can reveal.
The $8 million sale price, paid in April, is Waiheke’s highest this year and follows a surge of buyer demand for beachfront spots on the island.
The original-condition four-bedroom home, on The Strand, had a 2021 CV of $5.5m and had been in the same family’s hands for 15 years, last selling in 2009 for $1.95m.
Bayleys agent Mana Tahapehi, who brokered the deal, was unable to comment but the agency’s Waiheke branch manager, Mark Spitz, told OneRoof there had been strong buyer interest in the property, which sits on a flat 809sqm site and has its own water bore.
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“One or two properties a year come up for sale on Onetangi and they’re always in hot demand,” he said.
The last significant sale on The Strand was in November last year, when a house across the road from popular bar Charlie Farley’s changed hands for $11.6m – nearly double its CV of $6.5m. That property is now in the process of being taken apart.
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Tahapehi has another property on The Strand for sale. The three-bedroom 1980s-era home at number 33 sits on 1930sqm of beachfront land and has a CV of $5.5m. OneRoof records show it last changed hands in 2014 for $1.72m.
Tahapehi’s listing pitches the bach as an opportunity to “enjoy ... as is, renovate, or rebuild”. He is asking for tenders, with a closing date of August 5.
Also on the market for sale, at the western end of the beach, is 159 The Strand, a luxury bach owned by an Auckland rich-lister. Price expectations for the three-bedroom, three-storey house sit above $10m.
The $8m April sale on The Strand followed three other significant sales on Waiheke Island in March.
A 1980s house at 33 The Strand, Onetangi, on a 1930sqm section will be sold by tender closing August 5. Photo / Supplied
A stylish four-bedroom house on Delamore Drive, marketed by Kellands agents Martin Dobson and Charles Collins, fetched $7.5m – $1.5m above its CV. The 1.5-hectare property included bush walks and direct access to the beach and bay.
A property on Waikare Road on an 812sqm section sold for $5.3m in what appears to be an off-market deal and the 167ha estate on Te Matuku Peninsula owned by the late Sir Rob Fenwick and his wife Jenny sold for $4.8m, in a deal brokered by New Zealand Sotheby’s International Realty agent Pene Milne.
Two big sales on the island were completed in June but have yet to settle. Former broadcaster John Hawkesby sold his multi-million-dollar Waiheke estate for an undisclosed amount in a deal brokered by Hawkesby’s grandson, Jackson Hawkesby-Lyne, and Hawkesby-Lyne’s father Richard Lyne, both from Ray White.
The same month NZ Sotheby’s agent Francine Sweet sold at auction a designer home on Gordons Road, in Woodside Bay. The 5.19ha property had a CV of $5.8m. Sweet told OneRoof she was unable to disclose details of the sale, except that the buyer had come from her database.
A stylish property on Delamore Road sold in March for $7.5m. Photo / Supplied
“This proves that the auction method for high-end Waiheke property is highly effective when the listing remains fresh,” she said.
“Anything that is not auctioned or priced is likely to languish on the open market through seasons, with subsequent repercussions on price and perception.”
Bayleys’ Spitz said he expected the market to be quieter in winter. “Not because of anything negative. In fact, people have got to the point where there’s a bit of positive news regarding interest rates, but the usual approach of winter.
“Buyers are always attracted to waterfront, but people have decided to just get through winter. Even if interest rates don’t affect them [to buy a house], they’ve got businesses and are watching the economy.
“There are always people waiting for properties, just sitting back waiting for a specific location, they’re prepared to wait for the right thing to come along,” he said.
- Click here to find more properties for sale on Waiheke Island
