8 Midrun Lane, Luggate, Queenstown Lakes

Nestled at 8 Midrun Lane, Luggate, within the esteemed Queenstown Lakes district, this vacant residential lot boasts a generous 1839 sqm of land. It comes with the advantage of a freehold title, providing the new owner with the flexibility to build their dream home. The property, which enjoys stunning vistas of the Grand View Ranges, has an unknown roof and wall construction, ready to be customized to one's preference. The site is complemented by a level contour and an established stone retaining wall, adding to its premium appeal.

With a capital value of $690,000 as of September 2024, this property has seen a 15% increase from its previous valuation of $600,000 in September 2021. The HouGarden AVM estimates the property's value at $660,000, making it a sound investment with a promising growth trajectory. Its recent sales history and rapid CV increase reflect the area's desirability and potential.

For families, the property falls within a highly regarded school zone. The local schools are known for their high ratings and quality education. The serene Luggate village, with its historic pub and general store, is mere moments away, while the vibrant township of Wanaka is easily accessible, offering the best of both tranquility and convenience.

Updated on September 24, 2025