70 properties · Kelvin Peninsula, Queenstown

Cedar Drive, Kelvin Peninsula

Cedar Drive in Kelvin Peninsula has 70 properties, valued by the council between $1,200,000 and $4,150,000 with a median of $2,120,000 (Kelvin Peninsula: $2,230,000). More of its homes were built in the 1970s than in any other decade. We estimate its homes at a median $2,320,000. 2 sold in the last twelve months. The highest sale in 2026 was 11 Cedar Drive, at $1,950,000.

$2.12mmedian council valuation
$2.32mour median estimate
2sold in the last 12 months
1980median year built
QueenstownKelvin Peninsula ×Cedar Drive ×

70 properties on Cedar Drive, Kelvin Peninsula

Highest and lowest on Cedar Drive

Highest-valued home82 Cedar Drive$4,150,000council valuation · 4 bed · 303 m² floor · 721 m² land
Lowest-valued home16 Cedar Drive$1,200,000council valuation · 819 m² land
Highest sale in 202611 Cedar Drive$1,950,000sold 24 Feb 2026 · 3 bed · 145 m² floor · 617 m² land

Property values on Cedar Drive

The council values Cedar Drive's 69 rated properties between $1,200,000 and $4,150,000. The middle half sit between about $1,859,000 and $2,536,000; the median is $2,120,000 and the mean $2,312,174.

Lowest: $1.2m$1.2mLowest10%: $1.61m20%: $1.77m20%30%: $1.95m40%: $2.09m40%Median: $2.12m60%: $2.25m60%70%: $2.44m80%: $2.63m80%90%: $3.37mHighest: $4.15m$4.15mHighest
BedroomsHomesMedian council valueSold, last 12 monthsMedian sale
12$2.07m0—
320$2.1m2—
430$2.27m0—
5+10$2.45m0—

Council rating valuations: the council's figure for apportioning rates, not a market appraisal.

Cedar Drive compared with Kelvin Peninsula

Cedar Drive's median council value is 5% below Kelvin Peninsula's.

Cedar DriveKelvin PeninsulaQueenstown
Median council value$2.12m$2.23m$1.55m
Sold in the last 12 months2.9%4.1%4.5%
Time between sales6.6 yrs8.2 yrs6.2 yrs
Median section721 m²784 m²720 m²
Median year built198019902010
Council value per m² of floor$12k$11k$9k

Cedar Drive house prices over time

Median sale price by year; 2026 is the year so far. A year with fewer than two sales has no bar.

2016: $1.4m (5 sales)$1.4m20162017: $1.43m (4 sales)2018: $1.4m (3 sales)20182019: $1.79m (3 sales)2020: $1.2m (3 sales)20202021: $1.77m (6 sales)2022: $2.05m (2 sales)20222023: $1.93m (3 sales)2024: $2.08m (2 sales)$2.08m20242025: too few sales to say (1 sale)2026: $1.82m (2 sales, this year so far)$1.82m2026
Sales by year as a table
YearSalesMedian pricePer m² floor
20262$1,822,500$11,709
20251$1,660,000$8,098
20242$2,080,000$10,001
20233$1,925,000$8,765
20222$2,047,500$12,287
20216$1,775,000$9,758
20203$1,200,000$7,448
20193$1,795,000$10,073
20183$1,400,000$6,917
20174$1,430,000$9,647
20165$1,403,500$6,436

Recent sales on Cedar Drive

  • 75 Cedar Drive$1,695,0004 Jun 2026 · 3 bed · 170 m² floor · 776 m² land
  • 11 Cedar Drive$1,950,00024 Feb 2026 · 3 bed · 145 m² floor · 617 m² land
  • 45 Cedar Drive$1,660,00031 Mar 2025 · 3 bed · 205 m² floor · 792 m² land
  • 5 Cedar Drive$2,500,0005 Nov 2024 · 5 bed · 210 m² floor · 630 m² land
  • 45 Cedar Drive$1,660,00024 May 2024 · 3 bed · 205 m² floor · 792 m² land
  • 26 Cedar Drive$2,350,00031 Oct 2023 · 3 bed · 380 m² floor · 857 m² land
  • 64 Cedar Drive$1,925,00030 Oct 2023 · 612 m² land
  • 31 Cedar Drive$1,475,00021 Jul 2023 · 4 bed · 130 m² floor · 668 m² land
  • 11 Cedar Drive$1,850,0002 Sept 2022 · 3 bed · 145 m² floor · 617 m² land
  • 52 Cedar Drive$2,245,00030 Jun 2022 · 4 bed · 190 m² floor · 756 m² land
  • 78 Cedar Drive$2,400,00018 Dec 2021 · 5 bed · 170 m² floor · 789 m² land
  • 41 Cedar Drive$2,000,00010 Dec 2021 · 5 bed · 202 m² floor · 782 m² land
  • 4 Cedar Drive$1,550,00010 Aug 2021 · 4 bed · 222 m² floor · 612 m² land
  • 34 Cedar Drive$2,825,00014 May 2021 · 5 bed · 254 m² floor · 766 m² land
  • 83 Cedar Drive$1,435,00015 Apr 2021 · 4 bed · 200 m² floor · 464 m² land
  • 31 Cedar Drive$1,250,0005 Mar 2021 · 4 bed · 130 m² floor · 668 m² land
  • 72 Cedar Drive$1,200,0003 Oct 2020 · 3 bed · 296 m² floor · 663 m² land
  • 11 Cedar Drive$1,080,00019 Aug 2020 · 3 bed · 145 m² floor · 617 m² land
  • 71 Cedar Drive$1,575,00024 May 2020 · 3 bed · 120 m² floor · 525 m² land
  • 56 Cedar Drive$1,795,00015 Aug 2019 · 4 bed · 287 m² floor · 721 m² land

The homes on Cedar Drive

Cedar Drive has 65 houses and 5 sections. More were built in the 1970s than in any other decade (26%).

1950s: 1 (1 home)11950s1960s: 3 (3 homes)1960s1970s: 16 (16 homes)161970s1980s: 12 (12 homes)1980s1990s: 14 (14 homes)1990s2000s: 8 (8 homes)2000s2010s: 5 (5 homes)2010s2020s: 3 (3 homes)32020s

How long owners stay on Cedar Drive

Homes on Cedar Drive that resold in the last five years had been held a median 6.6 years (Kelvin Peninsula: 8.2 years).

Time between a home's sales, for 11 resales in the last five years. A home not sold since our records begin is not counted, so owners who stay longest are under-represented.

Building and resource consents on Cedar Drive

23building consents in the last 5 years
14resource consents in the last 5 years
  • 64 Cedar Drive22 Jul 2026 · Building consentConstruction of single storey dwelling. MV1 added decks and retaining walls
  • 45 Cedar Drive20 May 2026 · Building consentInstall a new escea tfs850 wood burner, escea tfs series mk2 freestanding wood fire flue kit
  • 45 Cedar Drive29 Oct 2025 · Building consentAlteration to existing dwelling, and to rebuild existing garage.
  • 83 Cedar Drive1 Oct 2025 · Building consentAmendment - to reduce scope of work in relation to extension to dwg & internal works.
  • 54 Cedar Drive23 Jun 2025 · Building consentConstruction of single storey sleepout/guesthouse
  • 83 Cedar Drive20 Mar 2025 · Resource consentD CORRY & G WEBB - CONSTRUCTION OF AN ACCESSORY BUILDING THAT BREACHES THE ROAD BOUNDARY SETBACK AND EARTHWORKS STANDARDS AT 83 CEDAR DRIVE, KELVIN HEIGHTS, QUEENSTOWN
  • 64 Cedar Drive28 Feb 2025 · Resource consentB SMITH & E MATISOO-SMITH - TO CONSTRUCT A RESIDENTIAL UNIT WHICH BREACHES THE ROAD BOUNDARY SETBACK AT 64 CEDAR DRIVE, KELVIN HEIGHTS, QUEENSTOWN
  • 83 Cedar Drive19 Sept 2024 · Resource consentD CORRY & G WEBB - CONSTRUCTION OF AN ACCESSORY BUILDING THAT BREACHES THE ROAD BOUNDARY SETBACK AND EARTHWORKS STANDARDS AT 83 CEDAR DRIVE, KELVIN HEIGHTS, QUEENSTOWN
  • 54 Cedar Drive15 Apr 2024 · Resource consentT & M SCHNITKER - TO UNDERTAKE ALTERATIONS TO AN EXISTING ACCESSORY BUILDING WHICH BREACHES SETBACKS, AND RECESSION PLANES AT 54 CEDAR DRIVE, KELVIN HEIGHTS, QUEENSTOWN
  • 56 Cedar Drive29 Nov 2023 · Resource consentA & M WILDSMITH - TO CONSTRUCT AN ADDITIONAL PARKING AREA WITH EARTHWORKS IN PROXIMITY TO BOUNDARY, AND ASSOCIATED TRANSPORT AND ZONE BREACHES AT 56 CEDAR DRIVE, KELVIN HEIGHTS, QUEENSTOWN

Sales and valuations as at 11 September 2026, from council and LINZ records. Medians resting on fewer than 3 sales are not shown.