Back 4 The Terraces
Off Market

4 The Terraces

Wanaka Otago

461 m²
Land
James McElreaJames McElrea, last sold this property on 26 November 2025 after 441 days on market.

Overview

4 Mason Street, Pembroke Terrace, is ideally located for its stunning mountain views and favourable position within the subdivision, offering natural protection from prevailing winds and benefiting from all-day sun. Our vendor requires a sale, so make no mistake this property is on the market to be sold. The layout allows for garaging on the southern roadside. Just 2 km from the lakefront and Wanaka CBD, and 500 meters from the medical centre, this subdivision is highly sought-after. Secure this 461sqm section and start planning your build on the 266sqm platform. Our vendor is highly motivated, and this property WILL be sold, RV=$570,000 Contact us today to secure your future and end your search. For more information, https://vltre.co/KnvpcP

Features

461 m² lot size
Land

Estimated Value

Based on this property and similar land plots sold in Wanaka over the last 12 months, the estimated median property value of 4 The Terraces is $805.5k.

Median value
$805.5k
Estimated value range
$500k - $3m
Median days on market
146
Estimated value trend
32%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Wanaka. 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 4 The Terraces

2025
Sold
Undisclosed
26 Nov 2025 by James McElrea, of Harcourts Wanaka
2022
Sold
$1,750,000
12 May 2022 by Sharon Donnelly, of Bayleys Wanaka

Happy sellers in Wanaka

64%
64% of sellers in Wanaka reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 157 reviews in Wanaka over the last 12 months.

Local market activity for land plots in Wanaka

In the last 12 months, 22 land plots similar to 4 The Terraces, have been sold.

This represents a 56% increase in land plots sales when compared to the previous 12 months.

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