Golf man’s property millions

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New Zealand’s most successful golf retailer has become the property king of Wakatipu’s Mooney Road.

Aucklander Eric Faesenkloet, who owns The Golf Warehouse comprising retail outlets and golf ranges, last month sold his newly-built home at 47 Mooney Rd, near Arrowtown, for an eye-watering $5,180,000.

He sold it, he says, because he’s bought another property in the same road that’s more suitable to develop a small nine-hole course to test golf equipment on.

He paid $4.2m to buy this second Mooney Rd property from Australian petfood multi-millionaire Tony Quinn, who developed Cromwell’s Highlands Motorsport Park.

Faesenkloet only finished building his first Mooney Rd home this year.

“I kind of project-managed it with the builder, [Queenstown’s] Bayshore Builders – I’ve always wanted to build my own home from start to finish.”

He’d intended keeping it as his South Island family home till he found Quinn’s property down the road.

The 568sq m home was listed with Arrowtown-based Luxury Real Estate.

The blurb states it was constructed from western red cedar board and batten cladding and schist stonework, has four master bedrooms, all with ensuites, and is split into three separate linked wings.

Luxury Real Estate director Terry Spice confirms he brokered the sale but says he can’t reveal the buyer as the deal’s subject to confidentiality.

“I don’t know there was a lot of profit in the deal,” Faesenkloet comments.

He says he’s now spending “quite a bit of money” on the Quinn house to turn it into a private family estate.

“We’re doing a major renovation to take it to the same standard as we did the other house.”

Three years ago, Mountain Scene reported that Faesenkloet had sold another Wakatipu property that he’d done up, in Mountain View Rd, for $6m.

scoop@scene.co.nz