A property dubbed one of the most unique in the Waikato is still on the market after failing to sell at auction.

The eye-catching property at Twin Oaks Dr in Tamahere, south of Hamilton, passed in at auction on Thursday.

The house had an opening and only bid of $1.5 million - $450,000 short of its $1.98 million capital valuation.

Harcourts marketing agent Aaron Davey said auctions were still proving a popular way to sell houses, but there was a much smaller pool of buyers in the $2m plus price bracket, particularly when such a different property was at stake.


Prior to the auction, he had said while the property was difficult to put a price on, it would exceed its CV.

In a bid to avoid dating the five bedroom home, most of the fixtures and fittings used in the home were made to order including doors, joinery, vents and the stone skirtings.

Other elaborate features included 1000 tonnes of marble surfaces, a copper dome in the middle of the house and a marble waterfall cascading into the pool. Gib has been replaced by seven layers of lime and american clay polished with bees wax for the walls.

Mr Davey said he was now working with several parties interested in buying the house and was hopeful it would sell in the next couple of weeks.

The property's owner, an IT professional, told the Herald last week he was selling the house just two years after completion because a change in circumstances meant he wanted to build another house on a larger section in rural Waikato. The house took eight years to build and was completed in 2014. His goal had been to complete the house, rather than live in it.