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Home / New Zealand

Luxury pad is a bankable asset

By Stephen Cook
16 Sep, 2006 10:05 AM2 mins to read

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"Goldstein, go to New Zealand and see what makes that bank different."

The bumbling New York banker did just that - and ended up in the doghouse with his boss after shelling out a small fortune on this Auckland property.

Turns out that in real life the Belmont house that
Goldstein bought is for sale - with a price tag as spectacular as the views it offers across to Rangitoto Island.

This Seacliffe Avenue property, built six months ago on top of an original WWII gun turret and nominated for the 2007 New Zealand House of the Year, has just been listed with an asking price of between $8 million and $10 million.

It's the latest in a rash of top-end real estate, pushing Auckland property prices close to the highest in Australasia.

A fortnight ago, a $10 million Castor Bay mansion was put up for sale, but despite some interest from potential buyers, it has not sold.

Other exclusive real estate on the market is Pakatoa Island, priced at $35 million, and the $30 million Cowes Bay Estate on Auckland's Waiheke Island.

Like the Castor Bay mansion, the luxury four-bedroom Belmont home with self-contained apartment, heated pool and three-car garage is one clever pad, featuring Jetsons-style smart home technology.

Computerised gadgetry inside the 600sq m house allows the owners, at the push of a button, to create exactly the type of environment they want inside their home.

Other features of the property include two additional living areas which flow from a large, open-plan indoor/outdoor area overlooking the harbour and a landscaped garden.

Alison Parker of Premium Real Estate said the property was out of this world with "possibly the best view you'll get in Auckland".

"It's amazing for a rare property to become available in Auckland."

Construction of the property was only recently completed, but owners Alister and Marcus Moore have decided to cash in and move to Australia.

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