Back 3 Lake McKay Drive
Off Market

3 Lake McKay Drive

Luggate Otago

836 m²
Land
Last sold for $500,000
Stephanie GeorgalliStephanie Georgalli, last sold this property on 23 November 2025 after 0 days on market.

Overview

Section 38- last section of Stage One

The Lake McKay development is buzzing with energy as new homes take shape, creating a vibrant neighborhood that you could call home. Adventure seekers will love the abundant outdoor activities right at their doorstep, while the charming Luggate village, with its historic pub and welcoming general store, adds a touch of local character. With sections selling quickly and new houses springing up, Stage 1 and 2 are fully titled and ready for your dream home. You'll be joining a dynamic community of like minded residents who appreciate the unique blend of rural tranquility and modern living.

Features

836 m² lot size
Land

Estimated Value

Based on this property and similar land plots sold in Luggate over the last 12 months, the estimated median property value of 3 Lake McKay Drive is $521.74k.

Median value
$521.74k
Estimated value range
$450k - $2.3m
Median days on market
183
Estimated value trend
-25%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Luggate. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 3 Lake McKay Drive

2025
Sold
$500,000
Private Sale/Treaty on 23 Nov 2025 by Stephanie Georgalli, of LJ Hooker Wanaka

Happy sellers in Luggate

82%
82% of sellers in Luggate reported that their sale price either exceeded or met their price expectations.

Luggate stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 12 reviews in Luggate over the last 12 months.

Local market activity for land plots in Luggate

In the last 12 months, 12 land plots similar to 3 Lake McKay Drive, have been sold.

This represents a 8% increase in land plots sales when compared to the previous 12 months.

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