luxury seaside apartments for sale Bay of Plenty, New Zealand

Positioned within one of Mount Maunganui’s most tightly held beachfront enclaves, this exceptional dual-title holding, known as The Mandalay, represents a rare convergence of scale, privacy and long-term upside. Recognised as a well-known and iconic private residence along the Mount’s coveted foreshore, it occupies a location where opportunities are seldom presented and swiftly secured.Set across two titles with immediate proximity to the sand and ocean, this is far more than a home, it is a legacy acquisition. Expansive grounds, flexible living configurations and the ability to hold, enhance or completely reimagine the estate create a compelling proposition for astute purchasers who recognise the enduring value of irreplaceable coastal land.The existing residence is generously proportioned, offering multiple living zones and seamless flow to outdoor entertaining areas, ideally suited for hosting, extended family living or a private executive retreat. The additional title introduces a level of optionality rarely seen along Marine Parade, whether retained for privacy, strategic land banking, or future development.The property is expected to resonate with well-capitalised purchasers seeking to diversify into premium coastal real estate, combining lifestyle with long-term capital preservation. It is likely to attract interest from established agribusiness and private wealth sectors, alongside discerning domestic and international buyers pursuing high-value holdings. The scale, location and flexibility of the asset position it as a compelling option for those looking to secure a landmark waterfront property with both immediate enjoyment and enduring generational appeal.This address is defined by lifestyle, status and global recognition. Morning walks along the beachfront, close proximity to the vibrant village, and a setting that consistently underpins some of New Zealand’s most tightly held real estate.Importantly, holdings of this nature are typically retained within families for generations. They are seldom relinquished, and when they are, competition is decisive and values are often driven beyond expectation. This is a true legacy purchase, one to be enjoyed, protected and passed down.The vendor has already committed elsewhere and this asset is now surplus to requirements. It will be sold, creating a genuine and time-sensitive opportunity to secure a landmark waterfront estate with both immediate presence and enduring future potential.Private viewings only. International buyers welcomed.Property Information: https://www.propertyfiles.co.nz/91-Marine-Parade