90 Matai Road, Wanaka, Queenstown Lakes

Located at 90 Matai Road, Wanaka, Queenstown Lakes, this residential dwelling offers a spacious and versatile living environment. Built in 1980, the property features a mix of materials for its walls and tiles for the roof, both in good condition. The home is set on a level contour with a generous land area of 1,163 sqm and a floor area of 178 sqm. It comprises five bedrooms, two bathrooms, and a single car park, with ownership under a freehold title. The property exudes a relaxed holiday feel with its original 1970s McRaeway-style, extended and updated over time.

The property's capital value has seen a significant increase, rising from $1,600,000 on September 1, 2021, to $1,800,000 on September 1, 2024, reflecting a 12.5% growth. The HouGarden AVM estimates the property at $1,725,000. The latest sale occurred on February 19, 2025, at a price of $1,810,000, a substantial increase from its previous sale on February 5, 1991, for $170,000. This property offers a unique opportunity for investment or redevelopment.

Situated within the school zone of Wanaka Primary School, a contributing school with a decile rating of 10, the property is ideal for families seeking quality education options. The location provides peace and privacy while being conveniently close to town, schools, and the lake at Eely Point, making it a perfect choice for those looking to relax, renovate, or redevelop.

Updated on September 25, 2025