5 Lake McKay Drive

Off Market

5 Lake McKay Drive

Luggate Otago

1080 m²

Land

Stephanie Georgalli, last sold this property on 22 September 2025 after 251 days on market.

Overview

Your Gateway to Alpine Luxury

Nestled in the heart of the sought after Lake McKay Development, Lot 37 presents an unparalleled opportunity to create your dream home. This premium 1080 sqm section, priced at an enticing $570,000, stands out as one of the larger sites in this rapidly developing subdivision. Key Features: Spacious Living: At 1080 sqm, Lot 37 offers ample space for your dream home and outdoor living areas. Sun-Drenched Site: Bask in the warmth of sun throughout the day. Premium Aesthetics: Beautiful stone retaining walls at both front and back elevate the section's appeal and create a sense of luxury. Ready for Construction: With title in hand, you're all set to begin building your future home. 30+ Sections Already Sold: Join a thriving community in this highly desirable location. Location, Location, Location! Lake McKay Development boasts an enviable position: A short drive from Wanaka township and lakefront Surrounded by world-class outdoor activities Perfect base for skiing, hiking, and mountain biking enthusiasts Call us now to view this section.

Features

1080 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 5 Lake McKay Drive is $532.61k.

Median value

$532.61k

Estimated value range

$450k - $2.3m

Median days on market

183

Estimated value trend

-23%

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 5 Lake McKay Drive

2025

Sold

Undisclosed

22 Sep 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, 11 land plots similar to 5 Lake McKay Drive, have been sold.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Luggate for a free market appraisal.

Stephanie Georgalli

at Team Lisinda & Steph

(37 reviews)

Get a free market appraisal

Lisinda Rickman

at Team Lisinda & Steph

(33 reviews)

Get a free market appraisal

Shannon Wilson

at LJ Hooker Wanaka

(20 reviews)

Get a free market appraisal

Tom Finden

at Harcourts Wanaka

4.9

(70 reviews)

Get a free market appraisal

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Luggate

Stephanie Georgalli

Sellers who recommend Stephanie Georgalli have praised them for being clear communication, local expert, hard-working, friendly, patient, well-prepared and honest