The home overlooking Doubtless Bay has its own white-sand
beach. Photo / NZ Herald
A Far North beachfront mansion has had its price slashed
at least three times in the past three years after a struggle
to sell - and is now being offered for $1.25 million below its
Four real estate agents from three different companies are
trying to sell Vara Prasada on State Highway 10, near Taipa.
The home, on 16ha of former farmland overlooking Doubtless
Bay, has in the past week has been relisted with two
companies, Bayleys and Harcourts, with an asking price of
$3.1 million, despite its $4.35 million CV, which was set in
High-end realtor Sotheby's also has the property listed.
Two years ago it was advertised at $12 million. The price was
then slashed to about $7.9 million, and dropped again last
year to $3.97 million before reaching its new price this
The property, which has featured in a Wall St Journal article
about luxury homes, was built by former IBM vice-president
Gary Rodrigue and his partner, Aaron Allbright, who retired
from the Los Angeles rat race to New Zealand.
But in 2011, Mr Allbright, who penned his memoir The Land
Near Oz: Two Gay Yankees Move to New Zealand, was diagnosed
with a rare leukaemia, forcing the couple to return to
California so he could have treatment.
The couple bought the land in 2003 for $2.2 million.
Designed by Ponsonby architect Rick Lambourne, the
two-bedroom, 436 sq m house has 5m-high ceilings, a jacuzzi,
limestone flooring, mahogany ceilings, computerised lighting
and state-of-the-art security.
There is more than 325 sq m of decking and tiled courtyards,
four fireplaces (including two log-burning ones outside),
four outdoor gas heaters and a built-in gas barbecue.
It is a four-hour drive or "45-minute helicopter ride" from
Auckland and has a private, white-sand beach.
The property has been rented out at times, with a seven-night
minimum stay and $1225-a-night price tag.
Agent Murray Bright of Harcourts told the Herald there had
been "a couple of interested parties".
"These guys are in a situation and they do need to liquidate,
hence, they're meeting the market, whatever it takes. I mean,
a million below CV ... there's nothing up here 25 per cent
below CV on the market.
"So someone's going to get a very well-priced property."
- By Alanah Eriksen of the New Zealand Herald