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559 Peninsula Road

Kelvin Heights Otago

3
1
4
220 m²
2663 m²
House
Currently for sale - view listing

Overview

Last Waterfront Development Site in Kelvin Heights

Positioned in one of Kelvin Heights' most sought-after pockets, this exceptional lakeside offering delivers an enviable lifestyle just moments from the very best of the peninsula. Set above the Bayview Reserve, you'll enjoy direct access to open green spaces, the jetty, and a family-friendly playground, all right on your doorstep. Whether it's morning walks along the lake, afternoons by the water, or launching the boat for a day on Lake Wakatipu, this location makes it effortless. Bathed in sunshine and capturing stunning lake views, the property combines privacy with connection, a rare balance in such a tightly held area. With generous proportions and outstanding potential, it's perfectly suited for those looking to build, landbank, or create a remarkable permanent or holiday home. - Large 2663m² (+/-) lakeside residential site - North-facing with excellent sun and views over Lake Wakatipu - Potential to subdivide into multiple sites subject to consent - Directly adjoins esplanade reserve and recreation reserve Just a short drive to Frankton and Queenstown Airport, yet feeling a world away, this is a lifestyle opportunity that truly delivers on location, outlook, and future potential. Deadline Sale (Unless Sold Prior) Wednesday 20th May 2026, 12pm

Features

3 bedrooms
1 bathroom
4 carspaces
4 open car spaces
220 m² floor area
2663 m² lot size
House

Happy sellers in Kelvin Heights

63%
63% of sellers in Kelvin Heights reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 8 reviews in Kelvin Heights over the last 12 months.

Local market activity for 3 bedroom houses in Kelvin Heights

In the last 12 months, 2 three-bedroom houses similar to 559 Peninsula Road, have been sold.

This represents a 100% decrease in three-bedroom houses sales when compared to the previous 12 months.

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