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48 and 48A Parawai Road, Ngongotaha, Rotorua

By Negotiation

Owners Are Selling After 30+ Years

Experience the ultimate in lakefront living with this extraordinary property on Lake Rotorua, an offering like no other. Set across over 2000 sqm on two separate titles, 48 Parawai Road hosts two distinct dwellings, presenting a rare opportunity for the discerning buyer.

Currently operating as a high-end short-term rental generating $160k+ (last financial year). Both properties will be sold fully furnished and with occupancy rates sitting around 60%, there is a great opportunity to increase income. It has also served as a cherished retreat for the current owners, who, after 30 years of unforgettable moments, are now ready to pass this unique sanctuary on to its next fortunate owner.

Originally designed as a bespoke fly-fishing lodge where two families and large groups could comfortably be accommodated, the 5-bedroom homestead was crafted in 2003, inspired by the welcoming, timeless architecture of New Zealand's South Island. Its thoughtful layout and inviting ambiance create a space that feels instantly like home, with five spacious bedrooms, two bathrooms, and ample living space - ideal for family gatherings or a continuation as a luxury holiday rental.

Nestled right on the water's edge, the charming lakefront cottage holds a special place in the owners' hearts, with endless hours spent captivated by the ever-changing vistas of Lake Rotorua. Offering sweeping views, a serene, sandy beach protected from the prevailing westerlies, and a gently sloping lakebed, it's the perfect setting for children to safely explore and families to unwind.

Situated in Ngongotaha, a renowned destination celebrated for its world-class trout fishing, this village is a coveted retreat for both residents and visitors. Whether you're envisioning an investment opportunity, a family legacy, or a peaceful escape to lakefront luxury, this property stands as an unmatched opportunity in Rotorua real estate.

Additional details

Type

House

Property ID

RT04131

Listed on

01/11/2024

Updated

18/12/2024

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Ngongotahā, Rotorua

Ngongotaha is a suburb which lies within the Territorial Authority of Rotorua, one of 45 residential suburbs which form the wider region. Ngongotaha is the 2nd largest suburb of Rotorua in terms of the total number of residential housing stock. Ngongotaha provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1910 - 1919. The majority of the residential housing stock in the locality was constructed between 1980 - 1989. Residential housing stock in Ngongotaha is made up of approximately 88% residential housing , 4% residential investment housing and 8% lifestyle properties.

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