556 Speargrass Flat Road

Lake Hayes Otago

366 m²

4966 m²

House

Currently for sale - view listing

Overview

Premium location, proven demand

Positioned along prestigious Speargrass Flat Road, this north-facing property presents a rare opportunity to secure both an outstanding family home, and a proven income stream in one of Queenstown’s most desirable lifestyle locations. The main residence has been thoughtfully configured to maximise versatility. Four bedrooms include two guest suites complete with private kitchenettes — ideal for short-stay accommodation, extended family, or independent living arrangements. This separation allows owners to generate supplementary income while maintaining privacy within the primary home. Over the years, the home has undergone comprehensive renovations, resulting in a seamless blend of contemporary style and refined comfort throughout. The kitchen and dining area sit at the heart of the home — elegantly finished and highly functional for both daily living and entertaining. A master bedroom on the upper level enjoys a generously proportioned ensuite bathroom and large walk in wardrobe. A fifth bedroom, currently utilised as a home office, enjoys sweeping views towards Lake Hayes, creating an inspiring workspace. Privately positioned within the grounds, ‘Orchard Cottage’ significantly enhances the property’s earning capability. Fully self-contained with two bedrooms, kitchen, bathroom and living area, it offers a successful turnkey home-and-income solution. Whether operated as a long-term rental, short-term accommodation , or utilised for multigenerational living, it provides flexibility rarely found in this tightly held area. Set amongst mature, established gardens in a sunny and sheltered position, the property enjoys sweeping views to Coronet Peak and across Lake Hayes, creating an enviable setting for both permanent living and guest accommodation.