Queenstown’s modern Arthurs Point village is nearing completion with three new subdivisions on the market.
The Arthurs Point settlement, north of Edith Cavell Bridge, has been forged by several developers since the early 2000s.
More than 200 mostly owner-occupied homes have been built in that time on both sides of Arthurs Point Road.
On the west side, Chris Streat this week releases another 10 sections in his family trust’s Evening Star subdivision.
He developed and sold his first 11 lots between 2010 and 2012.
On the other side of Arthurs Pt Rd, former local Mobil service station owner Maurice Murphy is selling his Larchmont subdivison south of Atley Rd.
He’s sold six of his nine lots.
Still on this side of Arthurs Pt Rd, but at the northern extremity, Arthur Anderson – who formerly developed the nearby 45-lot Atley Downs – has five $450,000 sections for sale in his subdivision overlooking the Shotover River called The Stables.
He’s sold one of the sections and has another under offer, he says.
Streat is selling his 10 new lots – from 800 to 1217 square metres - from $350,000 to $375,000.
He says the first 11 lots have all been built on and only one home has been resold, about four years down the track.
All but three lots will be accessed off an extension to Eveningstar Rd and a new cul de sac called Morepork Way.
A distinctive feature of Evening Star Rd, which will be carried on for the remainder of the road, is the streetscape.
Streat’s put in native plants either side of the footpaths, with the roadside vegetation being less high, for safety reasons.
The first 126 metres has 993 plants and not a blade of grass.
Lot owners maintain the plantings.
Having moved to Queenstown to go hang gliding and skiing, Streat’s owned his Arthurs Point land since 1992.
One of the resort’s more hands-on developers, he’s responsible for Eveningstar’s urban design, engineering design, project manage ment and marketing.
Murphy, meanwhile, is selling his last three sections for at least $350,000 a pop.
“Prices have got better which is nice to know, because with Murphy’s Law that doesn’t always happen.
Larchmont’s strongest selling point, he says, is its all-day sun, plus the fact it’s in line of sight of Coronet Peak.
“Atley Downs is also a good quality subdivision so we get the benefit of that.”
Murphy says several of buyers already own property at Arthurs Point.
Anderson is marketing The Stables as a boutique subdivision.
His blurb states: “This is a very rare offering as there are few residential sections available, now or in the future, with such a stunning outlook over the Shotover River to the mountains.”
Anderson says apart from the short hop to central Queenstown, residents in his Atley Downs subdivision are “delighted with what it’s like – it’s surprisingly wind-sheltered with nice sunshine and almost a rural feel to it”.