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Back 69-70/4 Lake Avenue
Off Market

69-70/4 Lake Avenue

Frankton Otago

2
2
80 m²
Apartment
Last sold for $902,522
Keeley AndersonKeeley Anderson, last sold this property on 01 June 2026 after 90 days on market.

Overview

Lake and Mountain Views! An unbeatable price!

Motivations are high to see this fabulously positioned apartment sold. Located in the heart of Frankton, this lakeside opportunity places you directly across the road from Frankton Beach Reserve and just an easy stroll to Queenstown Airport. With cafés, transport links, and recreational trails all close by, the location is perfectly suited to investors, lock-and-leave buyers, or those seeking an affordable entry into the Queenstown market - an increasingly rare opportunity in this tightly held area. Offered as a Unit Title with reasonable body corporate fees, it delivers low-maintenance ownership in a blue-chip setting. The open-plan kitchen and living area forms the heart of the home, recently refreshed with quality new appliances and a full repaint throughout. Positioned to maximise the outlook, this light-filled space captures breathtaking views of The Remarkables and Lake Wakatipu, with doors opening from the lounge to seamlessly connect indoors with the reserve and waterfront setting beyond. The flexible dual-key layout is a true highlight, allowing the property to be configured as a studio and separate one-bedroom apartment, or as a spacious two-bedroom residence depending on your needs. The primary bedroom enjoys its own ensuite, spectacular views to The Remarkables, and external access to soak in the Lake Wakatipu vista. The guest bedroom is serviced by a well-designed Jack-and-Jill style bathroom, cleverly incorporating the laundry to enhance practicality and make excellent use of space. Originally constructed in the 1960s as luxury accommodation, the complex carries a sense of enduring character and charm in an incredible location. The residential rated unit is ideal for long term tenants or permanent owner occupiers, but also sits within the Visitor Accommodation Subzone, giving it great potential for short term accommodation (subject to appropriate council consents of course). Opportunities here are seldom available, and when they do arise, they are snapped up quickly - an indication of both the location’s desirability and the versatility these units provide. Parking is available within the common area, and a dedicated external storage locker adds practicality. Whether you’re looking for a smart investment, a holiday base with income potential, or an entry into one of Queenstown’s most connected lakefront positions, this is a compelling and increasingly scarce offering.

Features

2 bedrooms
2 bathrooms
80 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 69-70/4 Lake Avenue is $805k.

Median value
$805k
Estimated value range
$749k - $902.52k
Median days on market
79
Estimated value trend
4%
increase 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 69-70/4 Lake Avenue

2026
Sold
$902,522
01 Jun 2026 by Keeley Anderson, of Tall Poppy Real Estate - Otago
2022
Sold
Undisclosed
11 Oct 2022 by Megan Osborne, of Harcourts Queenstown

Happy sellers in Frankton

90%
90% 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 69-70/4 Lake Avenue, have been sold.

This represents a 12% decrease in two-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

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

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Esteban Sanguineti

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

  •   5   (15 reviews)
  •  9 Reviews in Frankton
  •  12 Sales in Frankton
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Kate Law

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

  •   5   (52 reviews)
  •  7 Reviews in Frankton
  •  8 Sales in Frankton
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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
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Megan Osborne

Megan Osborne is an award winning recommended agent for Frankton.  They have 7 local sales and collected 4 local reviews across the last 12 months.

  •   5   (120 reviews)
  •  4 Reviews in Frankton
  •  7 Sales in Frankton
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