On The Market: Aukland, New Zealand

11/01/2006

LOCATION: On a half-mile of east-facing beachfront on Waiheke Island, a 30-minute boat ride from Auckland’s main business district.

BACKGROUND: The current owners acquired the land—which was originally a farm and at one point held one of the country’s oldest hotels—and spent six years building the home. A local architect and an architect from Papua New Guinea were commissioned to model it after the old American plantation-style homes. (Click image to enlarge)

STATS: The 12,000-square-foot home includes eight bedrooms, kwila wood cupboards and an Aga range in the kitchen, and an indoor swimming pool. The 88-acre property also contains a jetty, a tennis court and a caretaker’s cottage. (Click image to enlarge)

WHAT SETS IT APART: “Beachfront property has been divided so much around the world—to have such a large piece of land on one of the most sought-after locations in the country is a wonderful opportunity,” says broker Michael Boulgaris. “In 20 or 30 years’ time, a property like this will probably be obsolete.” (Click images to enlarge)

MARKET INQUIRIES: NZ$30 million (about $19 million). Michael Boulgaris, Sotheby’s International Realty, +64.21.366.366, www.sothebysrealty.com