Nestled in an exclusive neighbourhood at the Lake Wakatipu water’s edge, the nearly 3,700 square metres of bare land in Kawarau Falls village is north-facing, high-density-zoned and offers nearly 100 metres of lake frontage.

Its position close to Queenstown’s airport, Jack’s Point Golf Course and Remarkables Ski Field makes it ripe for a legacy project to stand alongside the neighbouring five-star Hilton Queenstown Resort and Spa and master-planned Kawarau Village complex.

The freehold landholding at Lot 1, Alpine Lakes Drive, Kawarau Falls, Queenstown, is being marketed for sale through Steven Kirk, Gary Kirk and Luke Baird of Bayleys Real Estate.

Sale is by way of deadline private treaty closing on Thursday 26 October, unless the property is sold prior.

Steven Kirk said the potential scale of development was heightened by the substantial land area and its high-density residential zoning under the Queenstown Lakes District Plan.

“Positioned at the water’s edge and surrounded by other luxury developments, this site is a blank canvas inviting a developer to shape a high-end lakefront apartment complex, an exclusive boutique hotel or an opulent residential enclave – subject to the necessary consents.

“Nestled alongside the five-star Hilton Resort and Spa and the vibrant Kawarau Village complex, this site offers future residents or guests proximity to a wealth of dining, retail, and entertainment options,” said Steven Kirk.

Located at the gateway to the prestigious Kelvin Heights, Kawarau Village is a master-planned residential community and luxury resort including two hotels, high-end apartment complexes and exclusive residential home sites.

Gary Kirk said the property for sale was served by a water taxi service to and from Queenstown Bay and offered access to the neighbouring Hilton’s jetty.

“It is just five minutes’ drive from Queenstown International Airport, Jack’s Point Golf Course and the Remarkables Ski Field access road, ensuring convenience for residents and guests alike,” said Gary Kirk.

Baird said the immediate area offered its own array of recreational amenities for outdoor enthusiasts, including walking and cycling trails.

The site also benefited from its proximity to the rapidly expanding Frankton Flats, he said.

“This is where the majority of Queenstown's commercial construction is underway. It is quickly becoming the new hub of the Wakatipu with a host of big-brand and boutique retailers, hotels and apartment complexes and it is also home to the proposed convention centre and gondola station,” Baird said.

Click here for more information on the listing.