The Peninsula subdivision, across the Frankton Arm of Lake Wakatipu in Kelvin Heights, has been developed by the family of the late Frank Mee.
Mr Mee, who died in February aged 95, was one of the resort’s most prominent landowners.
In the 1960s he opened a deer park as a tourist attraction on Peninsula Hill, between the Remarkables and the lake. The hill is now more commonly known as Deer Park Heights.
The new subdivision is at the bottom of the hill. The first nine of 17 lots have gone on sale, ranging from 1514sqm to 2052sqm.
The exclusive agents are Gerard Bligh and Hadley van Schaik of New Zealand Sotheby’s International Realty’s Queenstown branch.
Mr Bligh noted the sections were "particularly large for a residential subdivision" because "the standard sort of postage-stamp sections are around 800sqm..."
One section is already under contract to an international buyer. Mr Bligh said titles are due in about three weeks, so buyers would not have a substantial wait before they could start building. He and Mr Van Schaik expect good interest given it is a long time since greenfields Kelvin Heights land has been released.
The duo, who both live at Kelvin Heights, have sold eight properties in the suburb this year, seven of them on Peninsula Rd.
In the past, this suburb has ranked as one of the country’s dearest.
- Philip Chandler
