The seven-bedroom mansion was partly built by Mark Hotchin, a director of Hanover Finance, a company that lent to property developers but ultimately collapsed.
The home was then bought by a New Zealand meat exporter, who moved to the country from China.
The home is built over three sections overlooking the Waitemata Harbour. Photo / Greg Bowker
The home, built over three sections overlooking the Waitemata Harbour, was said at the time of the sale to feature an indoor pool and parking spaces for 12 cars and was reported to have cost $43m to build.
It comes after property website OneRoof reported in September that New Zealand’s house price record had been broken.
OneRoof confirmed the sale of the trophy home with the agent who brokered the deal, but confidentiality clauses and privacy concerns prevent OneRoof from revealing the property’s address, it said at the time.
The home on Paritai Dr set a record sale price of $38.5 million in 2013. Photo / Brett Phibbs
Queenstown agent Hamish Walker, of Walker and Co Realty, declined to identify the buyer or seller involved in the deal, telling OneRoof: “I prefer to keep these sales under the radar, which is why people use my company.”
OneRoof understands the sale does not settle for some time, and that part of the land can potentially be subdivided.
The $38.5m former sale record for the Paritai Dr home had stood for 10 years, with only one other home – the Coatesville mansion owned by the Zuru Toys billionaires – coming close with a sale price of $32.5m in 2016.
