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Breaking records: The gated Forstlines Rise subdivision, with outstanding lake and mountain views, is fetching Queenstown-record section and house prices

By PHILIP CHANDLER

A vacant Queenstown section’s been snapped up for a likely-record $6.5 million.

An undisclosed Kiwi buyer who’s looked for a number of years for the ultimate Whakatipu site’s paid this eye-watering sum for almost three hectares at the gated Forestlines Rise subdivision, off Moke Lake Road and above Matakauri Lodge.

Local Ray White agent Bas Smith, who brokered the deal with Auckland-based Ross Hawkins, from Ray White Black Group Realty, says $6.5m’s ‘‘likely a record price for a
single-dwelling, lifestyle-zoned site in Queenstown’’.

The previous record’s thought to be $4.86m for a 1.337ha Jack’s Point section last September.

Smith says Lot 7 at Forestlines Rise — one of 12 exclusive sections — ‘‘has long been talked of as the best of them’’.

It also has, he notes, a rare, flat 2000 square metre building platform ‘‘which can hold a
significant dwelling or lodge’’.

Smith — who’s also sold Lots 8 and 9, combined, for $5.5m — says all the sites have
‘‘incredible’’ infinity pool-like views of Lake Whakatipu with the mountains behind.

The subdivision, Hawkins has said, also conveys a sense of wilderness yet is only eight
minutes’ drive from downtown Queenstown.

Hawkins also recently sold, off the plans, a four-bedroom Forestlines home, on 1.359ha,
for a resort-record $25.75m.

Meanwhile, Smith says the demand from Kiwi, Aussie and Singaporean buyers, at the top end of the market, is “significant”.

He tips this will only grow as winter gets into full swing and Queenstown welcomes more wealthy visitors “who understand value”.

scoop@scene.co.nz