Back Lot 8 Lake McKay Subdivision
Off Market

Lot 8 Lake McKay Subdivision

Luggate Otago

770 m²
Land
Last sold for $510,000
Stephanie GeorgalliStephanie Georgalli, last sold this property on 14 December 2023 after 400 days on market.

Overview

Lake McKay - What an opportunity!

Lot 8 is 770 sqm nett, 990 sqm gross and priced at $525,000. With over 30 sections already sold in this highly desirable subdivision, we'd encourage you to act now before you miss out. Lake McKay development is located only a short drive from Wanaka township and the lake front, this area offers tonnes of outdoor activities right on your doorstep. Services will be to the boundary, all you need to do is call your architect, it's the ideal environment in which to build your future home. With only a 10% deposit required to secure your preferred section and titles expected approximately end of 2023, you'll have plenty of time to design your dream home. Please refer to the website link below for all information on the subdivision, section prices and sizes. Call us today to arrange a walk over the development and pick your piece of paradise. We'd be delighted to show you just what the buzz is about https://www.lakemckay.nz Disclaimer: Disclaimer

Features

770 m² lot size
Land

Estimated Value

Based on this property and similar land plots sold in Luggate over the last 12 months, the estimated median property value of Lot 8 Lake McKay Subdivision is $521.74k.

Median value
$521.74k
Estimated value range
$450k - $2.3m
Median days on market
183
Estimated value trend
-25%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Luggate. 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 Lot 8 Lake McKay Subdivision

2023
Sold
$510,000
14 Dec 2023 by Stephanie Georgalli, of LJ Hooker Wanaka

Happy sellers in Luggate

82%
82% of sellers in Luggate reported that their sale price either exceeded or met their price expectations.

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

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

Local market activity for land plots in Luggate

In the last 12 months, 12 land plots similar to Lot 8 Lake McKay Subdivision, have been sold.

This represents a 8% increase in land plots sales when compared to the previous 12 months.

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