Estimate $933k – $1.18m
3
8 Ridge Road, Lake Okareka
10 properties sold · Rotorua
Property sold in Lake Okareka, Rotorua
Houses, townhouses, apartments and sections, farms and lifestyle blocks, and commercial and industrial sites sold in Lake Okareka, Rotorua in the last twelve months, latest first, with the price where it is public beside the council valuation.
$1.32mmedian sale, last 12 months · 12 sales · up 36%
$1.14mmedian council valuation
15.0 yrsmedian time between sales
3for sale now
10 properties sold in the last 12 months in Lake Okareka
Estimate $3.87m – $4.91m
3
17 Steep Street, Lake Okareka
Estimate $1.21m – $1.54m
5
19 Okareka Loop Road, Lake Okareka
Estimate $1.07m – $1.47m
5
171 Millar Road, Lake Okareka
Estimate $922k – $1.17m
4
1 Summit Road, Lake Okareka
Estimate $2.25m – $2.85m
6
65 Acacia Road, Lake Okareka
Estimate $897k – $1.14m
3
6 Calder Road, Lake Okareka
Estimate $1.29m – $1.63m
4
10 Millar Road, Lake Okareka
Estimate $914k – $1.16m
3
26 Okareka Loop Road, Lake Okareka
Estimate $164k – $208k
5
60 Okareka Loop Road, Lake Okareka
About Lake Okareka
Three-bedroom homes sold for a median $1.1m and five-or-more-bedroom homes for $1.4m. Homes sold for a median $6,710 per square metre of floor over the last twelve months. Homes in Lake Okareka change hands every 15.0 years on median, against 8.5 across Rotorua and 7.9 nationally. About 3.2% of its homes sold in the last twelve months.
Schools zoned for Lake Okareka
- Lynmore Primary Schoolprimary · Years 1-6
- John Paul Collegesecondary · Years 7-15
- Mokoia Intermediateintermediate · Years 7-8
- Rotorua Boys' High Schoolsecondary · Years 9-15
- Rotorua Girls' High Schoolsecondary · Years 9-15
- Rotorua Lakes High Schoolsecondary · Years 9-15
Lake Okareka house prices over time
Median sale price by year, all homes; 2026 is the year so far. Lake Okareka's median sale price over the last twelve months was $1.32m, across 12 sales, up 36% on the twelve months before. Across Rotorua it was $625k.
Sales by year as a table
| Year | Sales | Median price | Per m² floor | Per m² land (est.) | Rotorua median |
|---|---|---|---|---|---|
| 2026 | 6 | $1,325,000 | $6,111 | $588 | $637,500 |
| 2025 | 11 | $1,100,000 | $6,164 | $524 | $612,000 |
| 2024 | 5 | $1,100,000 | $6,176 | $770 | $609,000 |
| 2023 | 8 | $1,140,000 | $6,012 | $525 | $619,000 |
| 2022 | 10 | $1,062,500 | $6,711 | $505 | $642,756 |
| 2021 | 11 | $1,010,111 | $7,500 | $568 | $618,750 |
| 2020 | 16 | $945,000 | $5,035 | $533 | $500,000 |
| 2019 | 14 | $711,500 | $4,956 | $368 | $449,000 |
| 2018 | 12 | $782,500 | $4,867 | $346 | $400,000 |
| 2017 | 9 | $575,000 | $3,511 | $239 | $350,000 |
| 2016 | 14 | $616,000 | $3,665 | $353 | $300,000 |
Estimated value, month by month
Our model's median estimate for homes in Lake Okareka, up 1% over the last twelve months. An automated estimate, not a registered valuation.
Prices by bedrooms in Lake Okareka
Over the last twelve months, 3-bedroom homes sold for a median $1.1m, 5+-bedroom homes sold for a median $1.4m.
| Bedrooms | Homes | Median council value | Sold, last 12 months | Median sale | Per m² floor |
|---|---|---|---|---|---|
| 2 | 17 | $920k | 0 | — | $9,091 |
| 3 | 90 | $990k | 5 | $1.1m | $6,962 |
| 4 | 102 | $1.19m | 2 | — | $5,902 |
| 5+ | 49 | $1.58m | 5 | $1.4m | $6,248 |
Price per square metre
Homes in Lake Okareka sold for a median $6,710 per square metre of floor over the last twelve months, land included (Rotorua: $4,870); the land under houses sold for an estimated $664 per square metre (Rotorua: $364). A sale price is not split between land and house, so the land figure gives the land the council's share of each sale — the land value as a part of the capital value at the last revaluation.
$6,710per m² of floor, land included, sales in the last 12 months
$664per m² of land, estimated from house sales in the last 12 months
$6,533per m² of floor, council capital values
$638per m² of land, council land values of houses
Recent sales in Lake Okareka
- 8 Ridge Road$1,040,00022 Jun 2026 · 3 bed · 155 m² floor · 1,146 m² land
- 17 Steep Street$4,500,00010 Apr 2026 · 3 bed · 334 m² floor · 1,092 m² land
- 19 Okareka Loop Road$1,400,0008 Apr 2026 · 5 bed · 254 m² floor · 1,011 m² land
- 171 Millar Road$1,250,0007 Apr 2026 · 5 bed · 179 m² floor · 9.58 ha land
- 19 Okareka Loop Road$1,400,0007 Apr 2026 · 5 bed · 254 m² floor · 1,011 m² land
- 1 Summit Road$1,077,00010 Mar 2026 · 4 bed · 234 m² floor · 1,573 m² land
- 65 Acacia Road$3,030,00028 Dec 2025 · 6 bed · 268 m² floor · 1,113 m² land
- 6 Calder Road$1,100,0008 Dec 2025 · 3 bed · 158 m² floor
- 10 Millar Road$1,470,0001 Dec 2025 · 4 bed · 300 m² floor · 2,000 m² land
- 17 Steep Street$4,500,00019 Nov 2025 · 3 bed · 334 m² floor · 1,092 m² land
- 26 Okareka Loop Road$955,00013 Nov 2025 · 3 bed · 200 m² floor · 1,019 m² land
- 60 Okareka Loop Road$175,00011 Nov 2025 · 5 bed · 1,019 m² land
How long owners stay in Lake Okareka
Homes in Lake Okareka change hands every 15.0 years on median, against 8.5 across Rotorua and 7.9 nationally.
15.0 yearsmedian time between sales, Lake Okareka
8.5 yearsRotorua
7.9 yearsNew Zealand
3.2%of homes sold in the last 12 months (Rotorua: 2.9%)
By kind: houses 15.8 years.
Time between a home's sales, for homes that resold in the last five years. A home not sold since our records begin is not counted, so owners who stay longest are under-represented.
Who lives in Lake Okareka
About 621 people lived in Lake Okareka at the 2023 census (down 4% since 2018); their median age was about 50 (Rotorua: 38); 84% of households owned their home (Rotorua: 64%).
621people, 2023 (2018: 645)
50median age, about (Rotorua: 38)
$140kmedian household income, about (Rotorua: $89k)
84%of households own their home (2018: 87%)
Age
- 30-64 years50%
- 65 years and over19%
- Under 15 years14%
- 15-29 years14%
Households
- One-family household (with or without other people)72%
- One-person household21%
- Other multi-person household1%
- Two-family household (with or without other people)1%
- Three or more family household (with or without other people)0%
Ethnicity
- European92%
- Māori17%
- Asian3%
- Other Ethnicity1%
- Pacific Peoples0%
- Middle Eastern/Latin American/African0%
Where people were born
- New Zealand80%
- United Kingdom and Ireland10%
- Europe (excl United Kingdom and Ireland)3%
- Australia2%
- Middle East and Africa2%
- Asia2%
- North America1%
- Other0%
Household income
- $200,001 or more31%
- $100,001-$150,00017%
- $150,001-$200,00016%
- $50,001-$70,00010%
- $70,001-$100,00010%
- $20,001-$30,0008%
- $30,001-$50,0008%
- $20,000 or less3%
Dwellings
- Separate house88%
- Joined dwelling3%
- Non-private dwelling3%
- Other private dwelling3%
Highest qualification
- Bachelor degree and Level 7 qualification22%
- Post-graduate and honours degrees13%
- Level 4 certificate11%
- Level 1 certificate9%
- Level 2 certificate8%
- Level 3 certificate8%
- No qualification7%
- Level 6 diploma6%
Stats NZ Census 2023 and 2018, summed over the census areas inside Lake Okareka. Medians are approximate: Stats NZ publishes them per area and they cannot be added up exactly.
Real estate agents selling in Lake Okareka
5 agents have been credited on a sale or a live listing in Lake Okareka in the last two years. Those with the most:
- Anita MartelliRay White Rotorua4 sales here
- Beth MillardBayleys Rotorua4 sales here
- Jenny DonneBayleys Rotorua2 sales here
- Tracey FeekHarcourts Rotorua1 sale here
- Hielke OppersTremain Real Estate Rotorua1 sale here
All 5 real estate agents in Lake Okareka, with their recent sales and which agencies sell the suburb.
Counted from sales records that name the agent, and from current listings. A count of activity, not a rating.
Building and resource consents in Lake Okareka
7building consents in the last 12 months ($708k of work)
- 1 Jul 2026 · Building consentAlterations to existing dwg
- 15 Okareka Loop Road1 Jul 2026 · Building consentGround & fist floor extensions
- 5 Branch Road1 Jun 2026 · Building consentInstall woodsman flare freestanding woodfire
- 67 Acacia Road1 Apr 2026 · Building consentInstall masport Hurunui freestanding fire
- 21 Millar Road1 Mar 2026 · Building consentInstall masport Akaroa ii freestanding fire
Search building consents in Lake Okareka and see Stats NZ's count of new homes there.
Sales and valuations as at 18 September 2026, from council and LINZ records. Figures resting on fewer than 5 sales are not shown.
Property sold by street in Lake Okareka
About property sold in Lake Okareka, Rotorua
Every property in Lake Okareka, Rotorua, whether it is for sale or not: homes, sections, farms, lifestyle blocks, shops, offices and industrial land. Each is listed from the council rating roll and Toitū Te Whenua LINZ, with the listing beside it when an agent is marketing it.
Sales come from the council valuation roll and the listings that preceded them. Each opens on the property’s own page, with its full sales history, our estimate of its value today and its title.
Each property has its own page: our estimate of its value beside the council rating valuation, past sale prices, the title and land area, zoning and hazards, building consents, and what it would cost to own.
Listings are published by the agents who market them. Addresses, land details and rating valuations come from Toitū Te Whenua Land Information New Zealand and from the council. No ownership information is published.
Header photo: Koon Chakhatrakan on Unsplash (licence).