46 properties · Lake Hayes, Queenstown

Speargrass Flat Road, Lake Hayes

Speargrass Flat Road in Lake Hayes has 46 properties, valued by the council between $2,650,000 and $6,750,000 with a median of $4,300,000 (Lake Hayes: $1,700,000). More of its homes were built in the 2000s than in any other decade. We estimate its homes at a median $4,800,000. 2 sold in the last twelve months. The highest sale in 2026 was 575 Speargrass Flat Road, at $9,000,000.

$4.3mmedian council valuation
$4.8mour median estimate
2sold in the last 12 months
2000median year built
QueenstownLake Hayes ×Speargrass Flat Road ×

46 properties on Speargrass Flat Road, Lake Hayes

Highest and lowest on Speargrass Flat Road

Highest-valued home567 Speargrass Flat Road$6,750,000council valuation · 410 m² floor · 8,094 m² land
Lowest-valued home534 Speargrass Flat Road$2,650,000council valuation · 3 bed · 196 m² floor · 1,530 m² land
Highest sale in 2026575 Speargrass Flat Road$9,000,000sold 17 Jun 2026 · 4 bed · 210 m² floor · 12,149 m² land

Property values on Speargrass Flat Road

The council values Speargrass Flat Road's 45 rated properties between $2,650,000 and $6,750,000. The middle half sit between about $3,743,000 and $4,803,000; the median is $4,300,000 and the mean $4,327,222.

Lowest: $2.65m$2.65mLowest10%: $3.05m20%: $3.57m20%30%: $3.92m40%: $4.26m40%Median: $4.3m60%: $4.47m60%70%: $4.73m80%: $4.88m80%90%: $5.18mHighest: $6.75m$6.75mHighest
BedroomsHomesMedian council valueSold, last 12 monthsMedian sale
11$3.61m0—
37$3.7m0—
423$4.25m2—
5+13$5.08m0—

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

Speargrass Flat Road compared with Lake Hayes

Speargrass Flat Road's median council value is 153% above Lake Hayes's.

Speargrass Flat RoadLake HayesQueenstown
Median council value$4.3m$1.7m$1.55m
Sold in the last 12 months4.3%5.7%4.5%
Time between sales10.6 yrs7.0 yrs6.2 yrs
Median section6,486 m²901 m²720 m²
Median year built200020002010
Council value per m² of floor$15k$9k$9k

Speargrass Flat Road 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: $1.04m (4 sales)$1.04m20162017: $1.98m (4 sales)2018: $2.27m (2 sales)20182019: $3.54m (4 sales)2020: $1.79m (4 sales)20202021: $1.94m (3 sales)2022: $4.9m (3 sales)20222023: $3.42m (2 sales)2024: $4.55m (2 sales)20242025: $5.49m (2 sales)$5.49m2026: too few sales to say (1 sale, this year so far)2026
Sales by year as a table
YearSalesMedian pricePer m² floor
20261$9,000,000$42,857
20252$5,487,500$18,421
20242$4,550,000$17,558
20232$3,425,000$12,131
20223$4,900,000$16,304
20213$1,940,000$14,135
20204$1,787,500$5,564
20194$3,540,000$8,373
20182$2,267,500$8,626
20174$1,975,000$8,009
20164$1,036,000$4,972

Recent sales on Speargrass Flat Road

The homes on Speargrass Flat Road

Speargrass Flat Road has 46 houses. More were built in the 2000s than in any other decade (31%).

1900s: 2 (2 homes)21930s: 1 (1 home)1930s1950s: 1 (1 home)1960s: 1 (1 home)1960s1970s: 2 (2 homes)1980s: 3 (3 homes)1980s1990s: 8 (8 homes)2000s: 14 (14 homes)142000s2010s: 10 (10 homes)2020s: 3 (3 homes)32020s

How long owners stay on Speargrass Flat Road

Homes on Speargrass Flat Road that resold in the last five years had been held a median 10.6 years (Lake Hayes: 7.0 years).

Time between a home's sales, for 10 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 Speargrass Flat Road

21building consents in the last 5 years
19resource consents in the last 5 years
  • 575 Speargrass Flat Road30 Jul 2026 · Building consentConstruction of a new res dwg, pool, tennis court & pavillion
  • 546B Speargrass Flat Road20 Mar 2026 · Building consentConstruction of outbuilding, pool area, & tennis court
  • 540 Speargrass Flat Road23 Jul 2025 · Building consentConstruction of ground swimming pool
  • 529 Speargrass Flat Road9 May 2025 · Building consentAlteration and addition to single storey dwelling - including wood burner
  • 505 Speargrass Flat Road4 Oct 2024 · Building consentConstruction of dwelling, swimming pool and detached shed.
  • 529 Speargrass Flat Road4 Mar 2025 · Resource consentD & S KIDD - UNDERTAKE ALTERATIONS & ADDITIONS TO AN EXISTING RESIDENTIAL BUILDING WITH ASSOCIATED BREACHES RELATING TO COLOURS, COVERAGE, SETBACK AND LIGHT SPILL STANDARDS AND VARY CONDITIONS 4 & 5 O
  • 536 Speargrass Flat Road6 Jun 2024 · Resource consentC & C BUCHANAN - CONSTRUCTION OF A RESIDENTIAL FLAT AT 536 SPEARGRASS FLAT ROAD, QUEENSTOWN
  • 505 Speargrass Flat Road20 Mar 2024 · Resource consentBROUGHAM TRUST - LANDUSE CONSENT TO CONSTRUCT A RES UNIT AND ACCESSORY BUIDINGS INCLUDING SWIMMING POOL AND TENNIS COURT OUTSIDE A BUILDING PLATFORM WHICH BREACHES SETBACKS AND S221 TO ALLOW THE PROPO
  • 575 Speargrass Flat Road11 Sept 2023 · Resource consentK & A BRAY - LAND USE CONSENT IS SOUGHT FOR ADDITIONS AND ALTERATIONS TO THE EXISTING RESIDENTIAL FLAT. VARIATION TO RM221038 TO CHANGE CONDITION 1 TO AMEND THE RESIDENTIAL UNIT DESIGN AT 575 SPEARGRA
  • 546A Speargrass Flat Road15 Aug 2023 · Resource consentA PRENDERGAST - UNDERTAKE RESIDENTIAL VISITOR ACCOMMODATION FROM AN EXISTING RESIDENTIAL UNIT FOR 365 NIGHTS PER YEAR FOR A MAXIMUM OF 6 PEOPLE AT 546A SPEARGRASS FLAT ROAD, WAKATIPU BASIN

Speargrass Flat Road in other suburbs

More streets in Lake Hayes

Every street in Lake Hayes, and the suburb's house prices and sales.

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