85/87 Rainbow Drive

Off Market

85/87 Rainbow Drive

Rainbow Point Waikato

392 m²

1660 m²

House

Penny Lyons, last sold this property on 29 March 2026 after 73 days on market.

Overview

Largest Landholding in Rainbow Point

From the moment you step inside, a striking indoor garden sets an elegant tone for the bespoke features that unfold throughout. Positioned on a double section, this expansive 1,660 sq m property borders a reserve, ensuring peace, sunshine, and beautiful natural outlooks. The ground level showcases a spacious formal lounge that seamlessly connects to a designer kitchen equipped with every luxury appointment you'd expect in a home of this calibre. An informal dining area extends the open-plan living, while bi-fold doors create effortless flow to a covered deck which is perfect for year-round entertaining. A second covered sunroom, accessed from the formal lounge, provides yet another inviting space to unwind in the warmth. On the first upper landing, you'll find a generous double bedroom complete with its own en-suite. Adjacent is a cosy lounge with a fireplace and a convenient kitchenette, opening out to a deck with breathtaking lake views. The next landing reveals the master suite with an en-suite, walk-in wardrobe, and another private deck to enjoy the morning sun and spectacular vistas. A second bedroom or home office is also located on this level. The lower level offers a large bedroom and bathroom, ideal for extended family or guests. Underfloor heating, wood fires and central heating ensure the entire home remains warm and welcoming through every season. Outside, a double garage is complemented by a large boat shed, trailer parking, a woodshed and a garden shed. Beautiful landscaping throughout the grounds creates tranquil pockets of privacy, while gardeners will appreciate the thriving vegetable beds, herb gardens and fruit trees. This high-spec, luxury property delivers a unique opportunity to enjoy serenity and space in a stunning setting, while remaining close to the lake, transport, shops and schools. It really is as good as it sounds. Contact Penny or Rachael today to experience it for yourself.

Features

4 bedrooms

3 bathrooms

2 carspaces

2 garage spaces

392 m² floor area

1660 m² lot size

House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Rainbow Point over the last 12 months, the estimated median property value of 85/87 Rainbow Drive is $2.48m.

Median value

$2.48m

Estimated value range

$1.15m - $2.85m

Median days on market

Estimated value trend

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Rainbow Point. 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 85/87 Rainbow Drive

2026

Sold

29 Mar 2026 by Penny Lyons, of New Zealand Sotheby’s International Realty – Taupō

Happy sellers in Rainbow Point

<50%

Less than 50% of sellers in Rainbow Point reported that their sale price either exceeded or met their price expectations.

Rainbow Point stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Rainbow Point over the last 12 months.

Local market activity for 4 bedroom houses in Rainbow Point

In the last 12 months, 3 four-bedroom houses similar to 85/87 Rainbow Drive, have been sold.

This represents a 34% increase in four-bedroom houses sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Rainbow Point for a free market appraisal.

Alison Whittle

at Bayleys Taupo (Westerman Realty Ltd)

4.9

(230 reviews)

Get a free market appraisal

Milly Drysdale

at Bayleys Taupo (Westerman Realty Ltd)

4.9

(77 reviews)

Get a free market appraisal

Clare Bayley

at Bayleys Taupo (Westerman Realty Ltd)

(148 reviews)

Get a free market appraisal

Grant Bayley

at Bayleys Taupo (Westerman Realty Ltd)

(12 reviews)

Get a free market appraisal

Nearby agents

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

Alison Whittle

Sellers who recommend Alison Whittle have praised them for being clear communication, local expert, reliable, responsive, honest, supportive and great team