By PHILIP CHANDLER
A record $4.25 million’s been paid for a pad at The Preserve at Queenstown’s Jack’s Point.
Just short of two hectares, the site directly overlooks Lake Whakatipu, borders Jack’s Point’s golf course and is close to a heli-pad.
It’s been regarded as one of the best of The Preserve’s 36 lots.
The vendor, a Uruguay-based American, paid $1.7m in 2014.
Ray White Queenstown principal Bas Smith, who brokered the sale, says the new owner’s a high-net-worth individual from Sydney who’s familiar with Queenstown and has engaged Dunedin architects Mason & Wales to design a home.
Meanwhile, a section in gated Closeburn Station — touted as one of the finest sites in Queenstown, if not New Zealand — sold recently for $3,476,000.
Local NZ Sotheby’s International Realty agent Matt Finnigan, who listed the property with colleague Russell Reddell, says ‘‘we have recently concluded several high-end residential transactions in Queenstown which would be considered market-leading’’.