luxury farmhouse with terrace for sale Otago, New Zealand

Kahu Heights is an expansive lifestyle property located on the Crown Terrace, Queenstown, New Zealand, spanning over 65 ha across two titles. This diverse property provides excellent opportunities for an incoming purchaser, with multiple consents and a variety of buildings to complement a range of activities. Nestled in a private setting, the property offers elevated, panoramic views over the Wakatipu basin, with distant vistas of Lake Wakatipu and the surrounding mountains. Known for its landscape views and sensational sunsets, the Crown Terrace is a welcome escape from the bustling Queenstown life in the basin below. Split into two existing titles of approximately 43 ha (Lot 20) and 22 ha (Lot 19), consent is also in place to create a third title of 2.6 ha with its own building platform. Lot 20 provides three dwellings consisting of a renovated 5-bedroom homestead, a standalone 2-bedroom cottage plus a sleepout/studio offering a total of 8 bedrooms. In addition, a large original barn featuring a bedroom, bathroom and games room, as well as an implement shed with an office are located nearby. The farmland is serviced by several tunnel barns and cattle yards and is fully fenced. Two horse arenas on Lot 20 measure 60m x 30m and 40m x 20m and are located below the homestead. Multiple natural ponds are also scattered across the landscape, including one used as an ice-skating pond during the winter months. In addition, Resource Consent is in place to subdivide a separate parcel of 2.63 ha from Lot 20. This consent permits a new building platform in a location which offers significant views and sun, also providing options for a new purchaser to build or sell down. Lot 19 adjoins the above parcel of land with a total area of 22.29 ha. This land is currently grazed but has a separate Resource Consent for five 2-bedroom farmstay cottages to be utilised as visitor accommodation. Known as Kereru Eco Cottages, the proposed development sits amongst a rolling landscape with several natural ponds. Overall, Kahu Heights is a large-scale property with an authentic and charming feel located in a quiet rural setting yet close enough to Arrowtown and Queenstown. The Crown Terrace is fast becoming the go-to spot for those seeking large landscapes and privacy. Price is inclusive of GST. * Boundary Lines Indicative Only