Positioned above the renowned Waikawa Marina and moments from Picton, this rare and substantial landholding presents an outstanding opportunity to secure one of the last significant undeveloped sites in this highly sought-after location.

With sweeping views across Waikawa Bay and out through the Marlborough Sounds, Lot 18 DP 1086 offers approximately 4.1943 hectares (more or less) of elevated, undeveloped land, rising to exceptional vantage points that showcase panoramic outlooks over the marina and up the Sounds.

The scale, elevation and natural contour of the land offer enormous potential for future development (subject to council approval), land banking, or the creation of an exceptional private estate, all within minutes of Picton township and the Interislander ferry terminal.

Both Lot 18 DP 1086 and neighbouring Lot 19 DP 1086 are offered for sale either separately or together.

Lot 18 DP 1086 RV: $1,750,000

Lot 19 DP 1086 spans 3.8713 hectares (more or less) and includes two existing cottages, along with established private road access and services to the dwellings. Importantly, Lot 19 also holds a record of Marlborough District Council subdivision consent (2001) for five residential lots. While titles were never issued and the consent has since lapsed, it provides a strong indication of the site’s development viability (subject to council approval) and future potential. RV: $2,050,000

Together, the two titles deliver approximately 8 hectares of prime land.

This site will appeal to astute developers seeking a premium project in one of the region’s most desirable coastal settings, as well as discerning buyers looking to secure a substantial Marlborough Sounds property close to key amenities, boating facilities and transport links.

These properties are offered for sale individually, but can be purchased together. Property boundary lines are indicative only for illustration purposes.

For further information or to arrange a private viewing, please contact Hannah Burns.

Deadline Sale: 12:00 p.m. Tuesday 16 December 2025 (unless sold prior)

To download the property file, copy and paste the following link: https://propertyfiles.co.nz/property/CHR10313