luxury apartments with terrace for sale Otago, New Zealand

Positioned on the fifth floor of the prestigious Rees Hotel complex, this beautifully appointed three bedroom, three bathroom apartment offers an exceptional blend of luxury living and smart investment. Spanning approximately 155 sq m and enhanced by a generous 2.7m stud height, the residence is sold fully furnished and has been thoughtfully customised by renowned Arrowtown designer Ed Cruickshank. The result is a sophisticated, cohesive interior that reflects both quality and comfort throughout. The open-plan kitchen, dining, and living area is finished with granite benchtops and flows seamlessly to a private balcony - an ideal space to relax and take in the alpine surroundings. All bedrooms are well-proportioned, while the bathrooms are elegantly detailed, featuring walk-in showers and a spa bath. Underfloor heating ensures year-round comfort. Every element of this apartment - from its considered design to the calibre of its furnishings - has been executed to a high standard, offering confidence to both homeowners and investors alike. A secure underground car park is included, and residents enjoy access to the hotel’s premium on-site amenities. These include landscaped lakeside walkways, an elegant lounge bar, the acclaimed True South Restaurant, a fully equipped gym, and sauna facilities. Located alongside the shores of Lake Wakatipu, the property provides direct access to walking and cycling trails, while remaining just minutes from central Queenstown. A courtesy shuttle offers added convenience, or take a scenic stroll into town for dining and entertainment.

The vendors are on the move, presenting a great opportunity to secure a rural property with future income potential. Set on 2.8 hectares (more or less) of flat, established grounds, the property features beautifully landscaped surrounds and sweeping panoramic views across the mountain ranges. This well-built 207 sq m (approx.) brick home is designed for Central Otago conditions, offering three bedrooms, two stylishly renovated tiled bathrooms, and a versatile office or fourth bedroom. The open-plan kitchen, living, and dining area flows seamlessly to the patio and garden, creating an ideal indoor-outdoor living space. A generous double garage and separate shed provide ample storage and parking. The property includes 2 hectares of premium Pinot Noir vines, currently dormant and undergoing seasonal pruning. There is clear potential to bring them back into production, or for those seeking space and flexibility, the option exists to remove the vines and create room for horses, motorbikes, or other lifestyle pursuits. Gladsmuir Road is well regarded for its horticultural and farming activity, strong community feel, and outstanding panoramic views across the St Bathans Range, Pisa Range, and Bendigo Hills. This peaceful and private setting offers a true escape from the hustle and bustle, while still being conveniently located between Wanaka and Cromwell. *Boundary lines indicative only.