A Mount Maunganui home has sold for $9.525 million in what local agents are calling the "largest sale ever".
The waterfront Marine Parade property, featuring a wine cellar, infinity pool, gym and award-winning kitchen sold to a Waikato farming family on Monday.
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Managing director of the Realty Group, which operates Eves and Bayleys, Simon Anderson said the sale was the largest ever at the Mount.
"The home is one-of-a-kind without question."
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Advertise with NZME.Bayleys Mount Maunganui agent Kay Ganley said the property was marketed through a six-week campaign and received three tenders.
The waterfront property set a new benchmark for newly constructed high-end homes, she said.
The 540sq m, three-storey home included materials such as marble, unique timbers and board form concrete, with a hand-carved Hinuera-stone wine cellar that could hold up to 900 bottles of wine.
Ganley said the owners individually selected about 40,000 quarry stones that were laid one at a time by local stonemason Ian Gray to form walls at the front and sides of the home.
"The attention to detail was second-to-none".
Ganley said the home was a labour of love taking five years to design and over three years to build.
"The owners had a great vision, and have used beautiful, timeless materials.
"But it is not just a showpiece it also had a warm, family feel to it too."
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REINZ chief executive Jen Baird said $9.525m was a new record price for a residential property in Mount Maunganui.
The previous top sale was $9.5m for a residential investment block, known as the Mereden and Mt View apartments, on The Mall in May 2021.
"Mount Maunganui continues to be a popular location for residential investors and developers looking for opportunities to build apartment blocks, higher density properties and luxury homes.
"This sale would be the fourth sold for more than $8m this year."
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