Back 8/23 Adelaide Street
Off Market

8/23 Adelaide Street

Queenstown Otago

3
2
1
105 m²
Unit
Deni BevinDeni Bevin, last sold this property on 03 July 2025 after 22 days on market.

Overview

Water view penthouse with VA365

This exceptional penthouse offers breathtaking 180-degree lake and mountain views, a prime walk-to-town location and proven income from short-term rental operations. Quiet yet central, it’s a rare combination of privacy, position, and performance in the heart of Queenstown. Currently operating with VA365 consent, glowing guest reviews and over $100,000 in forward bookings already secured. The property delivers strong returns and a ready-made opportunity for savvy investors. The open-plan design features three bedrooms, two bathrooms, and a generous living area that flows to a large balcony — an ideal spot to relax and take in the incredible views. Secure shared garage parking and additional storage are included. Sold fully furnished. This turnkey property is ideal as a high-performing investment or premium holiday base. Deadline sale closes 4pm, Thursday 3rd July 2025. Prior offers will only be considered if they are unconditional. The market should see value over and above $1,650,000, plus GST, if any (zero rated). Due to high guest demand, private viewings must be booked well in advance or please plan to attend the open homes. Request the full information pack today, including walk through video, ideal for out of town buyers. Queenstown property with location, views, VA365 consent and returns like this are not in endless supply, in fact they often limited. If you’ve been looking for a property like this, please get in touch to learn more.

Features

3 bedrooms
2 bathrooms
1 carspace
1 garage space
105 m² floor area
Unit

Estimated Value

Based on this property and similar 3 bedroom units sold in Queenstown over the last 12 months, the estimated median property value of 8/23 Adelaide Street is $1.24m.

Median value
$1.24m
Estimated value range
$955k - $3m
Median days on market
31
Estimated value trend
-9%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Queenstown. 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 8/23 Adelaide Street

2025
Sold
Undisclosed
03 Jul 2025 by Deni Bevin, of One Agency The Property Specialists Dunedin

Happy sellers in Queenstown

76%
76% of sellers in Queenstown reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 58 reviews in Queenstown over the last 12 months.

Local market activity for 3 bedroom units in Queenstown

In the last 12 months, 9 three-bedroom units similar to 8/23 Adelaide Street, have been sold.

This represents a 50% decrease in three-bedroom units sales when compared to the previous 12 months.

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