RateMyAgentGo to search
Back 507A/16 Mountain Ash Drive
Off Market

507A/16 Mountain Ash Drive

Frankton Otago

2
2
1
76 m²
Apartment
Esteban SanguinetiEsteban Sanguineti, last sold this property on 12 May 2025 after 32 days on market.

Overview

Top Floor Dual-Key with Strong Returns

Welcome to 507A/16 Mountain Ash Drive, a modern dual-key apartment offering two fully self-contained units under one title, located in the heart of Frankton's vibrant Remarkables Park. Positioned on the top floor of the building (Level 5), this smartly configured 2-bedroom layout includes: - A spacious studio with its own kitchen, bathroom, and laundry connections - A separate one-bedroom apartment featuring a full kitchen and dining area, a generous bedroom with ensuite, and laundry connections within the bathroom Both units are accessed through a shared internal foyer, each with private, secure entry. Built in 2020, this apartment enjoys floor-to-ceiling windows with spectacular views of the Remarkables mountain range and includes one allocated undercover car park in the basement. Currently returning a combined $1,060 per week including bills ($490 for the studio and $570 for the one-bedroom), this dual-key setup offers a significantly higher rental yield than standard two-bedroom apartments. There is potential to increase the rents further, given the high demand for rentals in the building. The location is unbeatable: just a short walk to Remarkables Park Town Centre, New World supermarket, Frankton Library, public transport, restaurants, and essential services. With Queenstown Airport nearby and easy access to Queenstown and Arrowtown, this is one of the most central and convenient addresses in the region. Whether you're a savvy investor or looking to live in one unit and rent the other, this property delivers flexibility, strong income, and long-term value. As a former building manager for the complex and senior property manager with extensive experience in Queenstown Body Corps, Esteban can offer investors in-depth knowledge and guidance. Our Queenstown team is well placed to answer any questions you may have about returns, demand, or short and long term rental options. Call Esteban on 021 207 8959 or email queenstown.enterprise@remax.co.nz to discuss your investment options in Queenstown now!

Features

2 bedrooms
2 bathrooms
1 carspace
1 garage space
76 m² floor area
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Frankton over the last 12 months, the estimated median property value of 507A/16 Mountain Ash Drive is $765k.

Median value
$765k
Estimated value range
$730k - $835k
Median days on market
43
Estimated value trend
-3%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Frankton. 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 507A/16 Mountain Ash Drive

2025
Sold
Undisclosed
12 May 2025 by Esteban Sanguineti, of RE/MAX Revolution

Happy sellers in Frankton

94%
94% of sellers in Frankton reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 41 reviews in Frankton over the last 12 months.

Local market activity for 2 bedroom apartments in Frankton

In the last 12 months, 8 two-bedroom apartments similar to 507A/16 Mountain Ash Drive, have been sold.

Nearby agents

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

placeholder
Esteban Sanguineti

Esteban Sanguineti is a recommended agent for Frankton.  They have 14 local sales and collected 9 local reviews across the last 12 months.

  •   5   (10 reviews)
  •  9 Reviews in Frankton
  •  14 Sales in Frankton
View profile
placeholder
Kate Law

Sellers who recommend Kate Law have praised them for being clear communication, local expert, responsive, dedicated, friendly, supportive and well-prepared

  •   5   (45 reviews)
  •  7 Reviews in Frankton
  •  5 Sales in Frankton
View profile
placeholder
Mel Carter

Mel Carter is a recommended agent for Frankton.  They have 9 local sales and collected 6 local reviews across the last 12 months.

  •   5   (9 reviews)
  •  6 Reviews in Frankton
  •  9 Sales in Frankton
View profile
placeholder
Megan Osborne

Sellers who recommend Megan Osborne have praised them for being local expert, clear communication, supportive, responsive, reliable, honest and dedicated

  •   5   (132 reviews)
  •  5 Reviews in Frankton
  •  7 Sales in Frankton
View profile
or
Skip the list and find your ideal agent to sell your propertyFind My Agent
RateMyAgent
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsSitemap