Yours for $33 million

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Stunning: The Wyuna Preserve property PICTURE: SIMON DEVITT PHOTOGRAPHER

A jaw-dropping $33 million residential listing near Glenorchy is believed to set a New Zealand record.

The price-tag includes a mountain lodge-style holiday home at exclusive Wyuna Preserve plus the land it’s on and a neighbouring section which together total more than 5.7 hectares.

The property, with outstanding top-of-the-lake views, was put on the market last week by Arrowtown-based Luxury Real Estate New Zealand directors Terry Spice and Nick Horton.

It’s understood Spice also brokered the sale of a home at Closeburn Station to Kiwi billionaire Graeme Hart, early this year, for a Queenstown-record price of about $24m.

Spice won’t reveal his Wyuna Preserve clients or say where they’re from, beyond confirming they don’t live in New Zealand.

He says they’re selling “due to lack of use”.

“They’re building a large home in their country of residence and they just won’t be coming over as much.

“They still have an affinity with Queenstown and will retain property here.”

Spice says there’s no suggestion they’re trying to beat the new government’s imminent ban on foreigners buying NZ houses.

“It’s coincidence that that has come about – I’ve been in discussions with the owners for several months.”

The property is believed to be an NZ record ‘listing’, although Mark Hotchin’s Auckland home is understood to have actually ‘sold’ for $39m in 2013.

Completed in 2013, the Glenorchy property is a 1100 square metre, two-level house built over 22 months by local-based Triple Star Management and designed by Dunedin’s Mason & Wales Architects.

The upper level comprises four luxury suites with walk-in wardrobes and ensuites, a home office and generous living and dining areas.

The lower level, below the ground, includes a five-bay garage, bar and games room, home theatre, wine cellar and sauna and massage room, with natural light filtering from a suspended stair lantern.

Adding value is the use of materials like schist stone excavated from the site, solid oak and cedar internal wall linings and hardwood timber posts and beams.

“It’s some of the highest square-metre price per build I’ve seen,” Spice says.

A significant amount of costly technology has also been employed, while the house is equipped to remain off-grid if required.

Wyuna Preserve is one of three gated enclaves – the others are Closeburn Station and The Peak, on the top of Queenstown Hill – commanding ever-higher prices.

They offer privacy, outstanding views and also, in the case of the first two, recreational opportunities in the surrounding countryside.

Wyuna Preserve owners also own a share of a communal clubhouse.

Spice, whose firm yesterday listed a Closeburn Station property for $12.5m, says Queenstown’s also appealing as a safe haven in a forever-changing world.

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