For Sale

57 Arrowtown-Lake Hayes Road, Lake Hayes, Otago

$5,950,000

3
2
1
130 m²
2003 m²

House

30+ days on the market

What's around 57 Arrowtown-Lake Hayes Road

The Half-Acre Scheme

**Important: Visit oliverroad.com or the direct link below for information about Bendemeer Estate and this property (including floor plans, more photo/video content, etc)** Direct Link: https://olvrd.nz/57arr Once in a generation, a piece of Lake Hayes like this comes to market. This is one of those moments. A little over half an acre, 2,002 square metres, on one of the lake's most tightly held stretches. Sites of this scale almost never trade here, and a position like this one even less often. Elevated above Bendemeer Bay, it commands a truly magnificent outlook while sitting close enough to the water to feel part of it. The history runs deep. This was only the second holiday home ever built on Lake Hayes, raised in 1953 and loved by five generations of the same family. From the very beginning it was placed to capture the best of the setting, framing the lake and the long view south to Cecil Peak, with Coronet Peak beyond. The views look out across Bendemeer Bay Reserve, protected and impossible to build out. What you see today is what you will see in thirty years. The north-west aspect delivers long, golden afternoons, the sun tracking across the water before it settles into the mountains. It is the kind of orientation that architects dream of and that delivers the ultimate in creative licence to craft how every space feels, draws in light and warmth, and highlights the constant play of sky on water. And then there is the opportunity. With this much land in this position, the development potential is immense and genuinely rare. A single statement residence would sit beautifully here, commanding the elevation and the view lines. Several standalone homes could share the site without surrendering privacy or outlook. There is even room for something more ambitious, in the spirit of nearby schemes such as The Elms and in the context of recent zoning changes. This is a blank canvas, and the right design will turn it into something exceptional - with potentially up to six residences in total. All of it just minutes from Arrowtown, twenty from Queenstown, and a short run to the airport, the region's finest golf, the ski fields and the Gibbston wineries. Land like this was chosen, decades ago, to be held forever. That it is being offered at all is the rare part, and we would not count on it coming round again. We strongly recommend arranging a viewing in-person, as this property's scale, orientation and unmatched outlook simply cannot be appreciated from afar. Direct Link: https://olvrd.nz/57arr Viewing: By Appointment (generally available at short-notice) Tenancy: Now vacant and ready to be sold with vacant possession

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