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Unclaimed

29 Waimana Place, Wānaka

Queenstown-Lakes District

Negotiation

  • 4
  • 4
  • 3
  • 3,501 m²
  • House

A masterpiece on the edge of Lake Wanaka

Set on an expansive 3,501sqm (approx) lake-edge section, this impressive 422sqm (approx) residence presents a rare combination of scale, quality, and waterfront living. Striking in both form and setting, the home occupies an elevated position on the edge of Lake Wanaka, where lake and mountain views feel like a natural extension of the property. From the moment you arrive, the entry unfolds like a light-filled gallery, creating a sense of calm and anticipation, with curated sightlines that draw the eye outward to water, peaks and sky. Curves, exposed beams and cathedral-height, wood-panelled ceilings lend architectural elegance throughout, balancing drama with warmth and refinement. From both sides of the home, doors open to an outdoor oasis framed by manicured gardens, reinforcing a constant connection to nature. At the heart of the home, the open-plan kitchen, living and dining space is both beautiful and highly functional - a true cooking and dining dream designed for effortless entertaining. This central hub flows seamlessly to an alfresco dining area, perfectly positioned to capture long summer evenings and unforgettable sunsets over Mount Roy. Two additional living spaces offer inviting options for relaxation, whether it's a quiet retreat or gathering with family and friends. Accommodation is generous and thoughtfully arranged, with four bedrooms including a lavish master suite that enjoys the same epic lake and mountain outlooks as the main living areas. Practicality is equally well considered, with both a double garage and a separate single garage providing ample storage for vehicles and adventure gear. Direct lake access places the shoreline just moments away, while scenic walking trails invite daily immersion in the landscape. This is a home of rare presence and privilege - architecturally refined, beautifully grounded, and perfectly positioned to embrace the best of lakefront living in Wanaka. Call the Donnelly Property Team on 0508 DONNELLY for more information or to view.

What you’ll love about this place

  • About 50 m from Lake Wānaka

From LINZ's topographic maps: how near the land comes to the water's edge.

OwnBetter estimate
$7.09m
Medium confidence

We estimate it would sell for $7,090,000 as at 5 October 2026, in a range of $6,070,000 to $8,070,000.

Typical home in Wānaka
$1.71m
The median of our estimates of its 6,809 homes
How we worked this out
Council valuation, Sept 2024$6,800,000
Market movement in Queenstown-Lakes District since the council valuation+6.4%
How Wānaka sells against council values−2.6%
Homes of this age in Wānaka+0.3%
Homes in this price range+0.2%
Land as a share of the value+0.3%
Nearby recent sales (15)−0.1%
Our estimate$7,090,000

We start from the council's rating valuation, move it by how sales in the area have moved since against their own council values, then by how properties like this one, nearby sales have done against the same arithmetic. Each step is an average of real sales. Tested every month against sales we had not seen: half land within about 6% of our estimate, and about 8 in 10 within the range. This is an automated estimate, not a registered valuation.

My notes
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What it costs to live here

Home expense estimates

—a month, all in

Estimates from the floor area and typical New Zealand prices, not quotes. Power, gas and internet details from the Electricity Authority and Gas Industry Co registries and Chorus.

Investor insights

29 Waimana Place as a rental

Rent estimate$1,150/wk$1,000–$1,320 · Little evidence
Gross yield0.8%$59,800 a year on $7.09m
Net yield0.7%After $10,580 of costs
Cash flow−$4,780/wk30% deposit, interest only at 6.00%
Line
Price Our estimate
Deposit
Interest rate
Rent a week our estimate $1,150
Property manager
Rent, 52 weeks$59,800
Empty between tenants 2 weeks
Property management 9.2% incl. GST
Maintenance 5% of rent
Council rates this year
Landlord insurance the building
Net income before interest$49,220
Interest $4,963,000 at 6.00%, interest only−$297,780
Cash flow before tax−$248,560
Cash flow a week−$4,780
Gross / net yield on the price0.8% / 0.7%
Return on equity cash flow on the deposit, before tax−11.7%
Loses money above this interest rate, before tax0.99%
Type over any figure, add your own lines, or add a scenario to compare.

The rent covers the interest at rates up to 0.99%. That is -11.7% a year on a $2.13m deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area370 m²
  • Land area3,501 m²Boundary measures 4,337 m²
  • Decade built1990s
  • Bedrooms4
  • Bathrooms4
  • Parking3 car spaces
  • Property categoryUse not published
  • CouncilQueenstown-Lakes District
  • Valuation #29051-2908
  • Valuation date1 Sep 2024

From the council’s rating records and the other sources noted on hover. Bedrooms and bathrooms may come from a past listing. Built is the decade the valuer records.

  • Title numberOT16C/232
  • Title typeFreehold
  • Legal descriptionLot 14 Deposited Plan 24576; Lot 17 Deposited Plan 24576
Registered instrumentsChecking the register… See the title summary →

Owner names and the parties to each instrument are not published on this page. Order the record of title to see them.

Getting around

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Building consents

We hold no building consents for this property yet. The council may hold records we have not seen.

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Zoning and hazards

What the council's published maps say about this land. A map is a model of a storm, not a record of one: a LIM or a flood report says more.

Reading the council's maps…

What could you build here?

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About Wānaka

Queenstown-Lakes District
8,643
Properties on the rating roll
1 Jun 2025
Last council revaluation
Buyer demand

25 people looked at properties in Wānaka this week.

Counts describe the records we hold for this territorial authority, not a market forecast. Our estimate above is automated, not a registered valuation; how it was reached is shown with it. Every council figure on this page can be checked against the council's own record.

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