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Home / New Zealand

Dotcom's Coatesville mansion heads the year's Top 10 sales list which sold for $47.23m above their collective capital value

Corazon Miller
By Corazon Miller
Reporter·NZ Herald·
9 Dec, 2016 04:00 PM7 mins to read

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186 Mahoenui Valley Road, Coatesville. Photo / Supplied

186 Mahoenui Valley Road, Coatesville. Photo / Supplied

The top 10 sales in the country this year went for a combined total of $148.1million - $47.23m above their collective capital value.

Topping the list of sales was the infamous Coatesville mansion which housed the outspoken internet mogul Kim Dotcom - which went for a whopping $32.5m.

The sale, weeks after it was first listed, was less than the $35m expected price, but still $8.95m more than its capital value.

Its proud new owners are Kiwi siblings and founders of toy company Zuru, which makes Bunch-o-Balloons and Robofish.

Originally from Cambridge Anna, Mat and Nick Mowbray confirmed to the Weekend Herald in October that they were the new owners.

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Anna Mowbray spoke of their goal to bring back fun and positivity to the house which they'd renamed Mahoenui Valley.

"We want to share and keep it in the family for generations," she said, and to turn it into a "children's paradise".

Second on the list of Top 10 property sales, provided by data analysis company Corelogic, was a palatial mansion on Clifton Road, Takapuna, featuring large spacious rooms and a pool overlooking the Hauraki Gulf on 4022sqm of land.

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Bought by director and principal of Fisher Funds Management, Carmel Fisher, and her husband Hugh, the Takapuna waterfront home was formerly owned by Rich-lister Cameron Gregory and his wife Tracey Gregory.

In third place, was a Remuera architectural gem on Burwood Crescent, which had taken top spot in the early part of the year, until the larger estates pushed it further down the list.

CoreLogic Senior research analyst Nick Goodall said the fact the top ten sales were all in the City of Sails was a "further illustration of the gulf in value from Auckland to the rest of the country".

A total of 10,608 sales for $1 million or more had been made in 2016 so far.

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Of these, the majority, 9,146 were between $1 million and $2 million and six were more than $10 million.

The figures showed sales in the latter half of the year more than doubled the combined sales value of $65million seen in the first half of 2016.

Goodall said there had been a growth in recent years of high-end properties.

"For instance back in 2009 we had only 21,000 properties in Auckland worth more than a million dollars, today there are 163,000 - 38 per cent of Auckland's property market."

Mahoenui Valley formerly known as the "Dotcom" mansion

186 Mahoenui Valley Road Coatesville sold June 30. Barfoot & Thompson real Estate picture supplied still from video by Megan Green at Network PR.
186 Mahoenui Valley Road Coatesville sold June 30. Barfoot & Thompson real Estate picture supplied still from video by Megan Green at Network PR.

186 Mahoenui Valley Rd, Coatesville
Sold June 30
Bought for $32.5 million
CV $23.55 million
226000 sqm site
12 bedrooms
9 bathrooms

Better known as the Dotcom mansion, this sprawling 22.6ha estate sold for almost $9m above its CV.

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It hit the headlines when internet mogul, Kim Dotcom, moved into the 12-bedroom property in 2010, paying a reported $1m a year in rent, until he moved out in 2015.

Nevertheless the infamous luxury estate wasn't snapped up straight away - it took some weeks before it was finally sold for less than the $35 million it was expected to go for in June.

The sprawling grounds come complete with a vineyard, lake, boathouse and neatly manicured parkland and sculptures.

A modern chateau

11 Clifton Rd, Takapuna. Photo / Supplied
11 Clifton Rd, Takapuna. Photo / Supplied

11 Clifton Rd, Hauraki
Sold April 19
Bought for $22 million
CV $16.5 million
4022 sqm site
5 bedrooms
9 bathrooms
8 carparks

It took the better half of 2015, but this contemporary chateau finally sold - albeit at $13 million less than what it was expected to sell for.

Touted as being worth $35m, more than double its CV, the glamorous 5-bedroom mansion was labelled the "finest private residence" in New Zealand by top agent Graham Wall.

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Overlooking the Hauraki Gulf, the mansion offers its new owners a large swimming pool, a selection of marble bathrooms and Swedish solar heating to keep warm during the New Zealand winters.

Hobson Bay House

13 Burwood Crescent, Hobson Bay. Photo / Supplied
13 Burwood Crescent, Hobson Bay. Photo / Supplied

13 Burwood Cres, Remuera
Sold March 10
Bought for $18 million
CV $11 million
1586sqm site

Its sale earlier this year earnt it the accolade of 2016's top seller, but the stylish modern home, has since slipped to number three, dwarfed by the two larger estates that have now topped the list.

Sold for $6 million above its CV the Remuera property designed by Julian Guthrie of Godward Guthrie Architecture pays homage to the harbour edge war bunkers in Auckland.

Dug into the cliff, its open windows face out to the see to give its occupants picturesque views over the Auckland harbour.

516 Ormiston Rd

Sold March 21
Bought for $15.5 million
CV $6.575 million
40,469 sqm site

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This lifestyle block, has, according to QV's latest property records, a single bathroom on the large plot of land. Time will tell just what its new owners plan to do to the site.

An Auckland classic

5 Upton St [15 Galatea Terrace] sold March 2016. Photo / Amos Chapple
5 Upton St [15 Galatea Terrace] sold March 2016. Photo / Amos Chapple

5 Upton St (AKA 15 Galatea Terrace)
Herne Bay, Auckland
Sold March 1
Bought for $11 million
CV $5.8 million
5 bedrooms
1 bathroom
1223sqm site

The white weatherboard classic home, with its simple traditional front, beautifully tended gardens sits in the upmarket, tranquil Auckland suburb of Herne Bay.

It sold earlier this year for $11million, almost double its CV of $5.8 million.

A striking piece of hilltop art deco

Mansion at 8 The Rise, St Heliers, Auckland sold February 19. Photo / Dean Purcell
Mansion at 8 The Rise, St Heliers, Auckland sold February 19. Photo / Dean Purcell

8 The Rise
St Heliers Auckland
Sold February 19
Bought for $11 million
CV $9.3 million
1687sqm site
6 bedrooms
4 bathrooms

This modern concrete piece of art deco sits on the highest point in the Auckland suburb of St Heliers.

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It gives the occupiers a 260 degree panoramic view across the Hauraki Gulf and the City of Sails, through its numerous large glass windows.

Sold for $11 million, almost $2 million above its CV, the inside of the mansion is laid with timber flooring throughout its array of expansive, sunny rooms.

Outside the grounds feature terraces, lush lawns and large luxurious pool and ample space to take some time out from the stresses of modern life.

An award-winning purchase

22 Winscombe Street sold May. Photo / Brett Phibbs
22 Winscombe Street sold May. Photo / Brett Phibbs

22 Winscombe St
Takapuna, North Shore, Auckland
Sold May 12
Bought for $10 million
CV $7.35 million
2314sqm site
4 bedrooms
4 bathrooms

This cliff-top home overlooking Rangitoto, in Auckland's North Shore, once owned by former Westpac boss sold for $10 million, almost $1.8 million more than its CV of $7.35 million.

Two thousand tonnes of concrete, wood and stainless steel make up the luxury two-level pad, which comes with eight carparks, a movie theatre, heated pool and art-work by well-known Kiwi artist Ralph Hotere.

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Its simple but striking architecture has earnt it a number of accolades over the years, including one that saw it top the NBR list of the 100 best New Zealand homes in 2001.

Orakei gem

92 Paritai Drive sold in November. Photo / Supplied
92 Paritai Drive sold in November. Photo / Supplied

92 Paritai Dr
Orakei
Sold November 8
Bought for $10 million
CV $8.2 million
1434sqm site
4 bedrooms
4 bathrooms

This white clad mansion hit the headlines back in 2011, when the then-Westpac head, George Frazis, was taken to the Tenancy Tribunal for allegedly breaking the lease at what was the city's reportedly most expensive suburb.

A settlement was eventually reached between Frazis and the then owner, James Kirkpatrick, Real Housewives' star Gilda Kirkpatrick's former husband,

The white cliff-top mansion, sold early November, for $1.8m above its CV.

The American Dream

15 Arney Rd Remuera sold in March. Photo / Supplied
15 Arney Rd Remuera sold in March. Photo / Supplied

15 Arney Rd
Remuera
Auckland
Sold March 31
Bought for $9.1 million
CV $5 million
1522sqm
5 bedrooms
4 bathrooms

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This stately mansion in the upmarket Auckland suburb of Remuera was snapped in mere few days of it being put on the market.

The colonial-style five-bedroom property, complete with wine cellar, tennis court and heated swimming pool had undergone a recent makeover.

Described as a perfect fusion between its historic past and modern transformation, it sold for $9.1 million, almost double its CV of $5million in March this year.

A Parnell Classic

7 Judges Bay Rd
Parnell, Auckland
Sold March 2
Bought for $9 million
CV $7,6million
1803sqm
4 bedrooms
4 bathrooms

A classic family home in the suburb of Parnell sits amongst a canopy of leafy shrubbery and neatly tended hedges.

Overlooking Judges Bay it gives a family a quiet place to call home within the otherwise busy hubbub of the central city suburb.

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Its grounds include a large pool, tidy gardens and neatly paved pathways.

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