It is understood multimillionaire web mogul Kim Dotcom and wife Liz recently settled on a Wyuna Preserve home, for about $12 million.
The couple have tweeted photos and video this month while apparently on the property, and their black Mercedes SUV has been spotted around the township.
A longtime Glenorchy resident who had recently seen the couple picking up a fish and chip order said it was the "talk of the town".
"They’ve definitely moved to Glenorchy - it’s the ultimate privacy up there."
Sources said the couple had bought a property formerly owned by Queensland developer Peter Patella, and designed by Dunedin’s Mason & Wales.
It is not the Dotcoms’ first time living in the Wakatipu.
In 2018, soon after their marriage, the couple briefly rented a Hunter Rd property that once housed Tom Cruise.
Mr Dotcom (47), who is of German and Finnish extraction but a permanent New Zealand resident, said in 2018 the Wakatipu was the "most beautiful place in the world", and its residents were more "chill" than Aucklanders.
He was arrested in 2012 after a raid by police on the original Dotcom mansion, a 2375sqm, four-storey house in Coatesville, near Auckland.
Nearly a decade later, the United States is still trying to extradite him on a string of charges in a copyright case; no extradition date has been set as the matter continues to grind through New Zealand’s courts.
It moved another step forward this week when the Supreme Court ruled against Mr Dotcom.
Stuff reported Mr Dotcom had lost a ruling and it would now be up to Justice Minister Kris Faafoi whether Mr Dotcom and another two men would be sent to the US.
However, that may not be the final decision. It is expected the decision by the minister will be able to be contested in the courts.
