It’s not often a land holding as special as this comes to market. These are the properties that are held onto for generations and rarely change hands.

Comprising two separate titles, 24 Willow Place and 117 Peninsula Road are available to purchase together, creating a combined 2,580 sq m (more or less) of prime residential land. This exceptional offering delivers a rare blend of sweeping elevated views at the top of the site and absolute lakefront on Willow Place. Well known for its micro-climate, this north-facing enclave of Kelvin Heights enjoys year-round sunshine and sheltered warmth, making it an ideal place to live or holiday.

The crown jewel of the property is the jetty and boathouse, one of the largest privately owned boathouses on Lake Wakatipu. Completely rebuilt in 2016, the modern jetty and powered boathouse provide the perfect haven for boating enthusiasts, as well as a relaxing lakeside retreat to unfold the deck chairs, soak up the sun, or enjoy a quiet moment with a cold drink. It’s an inviting setting for intimate gatherings, long summer days on the water and hosting family and friends.

Each land parcel includes an original dwelling: a classic A-frame home on Peninsula Road and a much-loved holiday bach on Willow Place. Whether you intend to landbank or begin the design process immediately, both homes offer the potential for income to offset holding costs.

Dual access from both the top and bottom of the site creates exceptional flexibility for redevelopment. Concept plans by Team Green Architects are available, showcasing an extraordinary design that embraces the site’s natural contours and features. Whether you envision a single landmark residence or multiple dwellings, this landholding is uniquely suited to outstanding architecture.

Positioned at the eastern end of the Kelvin Peninsula, you are moments from dining at the Hilton, the amenities of Frankton and Five Mile, the international airport, public transport and the Kelvin Track, all adding to the everyday ease and enjoyment at this address.

The lifestyle is effortless and the future is compelling. This is a once-in-a-generation opportunity, don’t let it pass you by.

Get in touch to arrange a private inspection.

Deadline Sale: Closes 2:00 p.m. Tuesday 17 February 2026 (unless sold prior)

*Boundary line are indictive only.