
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.
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.
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.
Sign in to rate this property, keep private notes on it and record what you think it is worth. Only you see them.
Home expense estimates
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.
29 Waimana Place as a rental
| 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 price | 0.8% / 0.7% | |
| Return on equity cash flow on the deposit, before tax | −11.7% | |
| Loses money above this interest rate, before tax | 0.99% | |
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 and land
Order a title record- Title numberOT16C/232
- Title typeFreehold
- Legal descriptionLot 14 Deposited Plan 24576; Lot 17 Deposited Plan 24576
Owner names and the parties to each instrument are not published on this page. Order the record of title to see them.
Another agency selling this property too, or is it for rent? Import that listing and it shows beside this one.
Building consents
We hold no building consents for this property yet. The council may hold records we have not seen.
If it is yours, claiming it puts the council record, the title and what it costs you to hold in one place — and lets you put your lending, insurance and power out to people who compete for them.
We check your name against the registered owner on the title before a claim is accepted. Nothing on this page changes for anyone else, and no provider is contacted until you ask.
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?
See whether a granny flat fits beside the house: the Building Act exemption, the national granny flat rules and the zone’s own. Then ask builders to price the shape you pick.
About Wānaka
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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The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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