St David's Church was put on the market this month by the Upper Clutha Presbyterian Church parish, along with the Presbyterian church hall in Tenby St, Wanaka.
The property sales were to raise funds for a $1 million extension of St Andrew's church, also on Tenby St, which was approved by the Queenstown Lakes District Council in April.
Church expansion team chairman Phil Smith said the church at Luggate and its 0.2ha site had sold for "slightly" more than its asking price of $250,000.
The new owners, Anthony and Liz Marino, of Albert Town, have had their eye on the tiny church for some time and have no intention of removing it from the site.
"We wouldn't dream of it," Mrs Marino said.
"For the 10 years that we've lived in Wanaka we've driven past it so many times and we've always said, 'One day we want to own you'.
"It's such a neat position and it's something different. I just love it."
She said because the property was zoned residential the couple would "love to live there".
It was also possible they would transform the church into a gallery.
The church was originally built in Hindon in 1927 and was moved to Luggate in 1931.
Wanaka man Stan Kane recalled attending church managers' meetings at St David's, which was the "centre of the district" for the parish; and the efficient potbelly fire, still in the church today, which was known as the "best heater in the district".
He will share his many memories of St David's at its decommissioning service at 12.30pm on Sunday.
Noeline Dickey, of Wanaka, said she had to walk 8km from her home at Glenfoyle run, on the Tarras road, to St David's, which she began attending at the age of 7, until she was married there in 1954.
"It was our social outing for the week," she said.
Mr Smith said the parish would be "very happy" to see the church stay at its existing site.
Several parties have expressed interest in buying the church hall, which has an asking price of $625,000.
