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Unit 1003/327 Frankton Road, Queenstown Central, Queenstown

Luxury Penthouse with Lake & Mountain Views

dollar

Asking Price $2,895,000

Apartment
Apartment
Bedroom
4
Bathroom
4
Floor area
313m2
Garage
2
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Property details

Listing # 74025 | Listed on 3 February

Set against the breathtaking backdrop of Lake Wakatipu and framed by dramatic alpine peaks, this soon-to-be-completed 4-bedroom, 3-key penthouse at Oaks Shores Queenstown Resort represents the pinnacle of modern lakefront living.

Occupying the top two levels of the building, this true penthouse delivers an impressive blend of scale, sophistication, and panoramic lake and mountain views — a rare offering in one of Queenstown’s most coveted resort locations.

The main living level showcases expansive open-plan kitchen, dining, and living spaces wrapped in floor-to-ceiling glazing that captures ever-changing views across the lake and mountains. Seamless indoor–outdoor flow leads to a generous private balcony — the perfect vantage point for sunsets over Lake Wakatipu. This level also features two spacious ensuite master bedrooms (one separately keyed) plus a dedicated laundry cupboard.

Upstairs, a fully self-contained two-bedroom apartment (also separately keyed) offers flexibility and privacy, complete with its own expansive balcony and outdoor spa pool — ideal for relaxing after a day on the slopes or the lake.

As a lifestyle investment, this penthouse is perfectly configured to deliver the best of both worlds: a luxurious private retreat when you visit Queenstown, combined with a multi-key layout designed to maximise rental performance when you are away.

Key Features:



  • 4 bedrooms — all with ensuite
  • Three-key configuration featuring 2-bedroom penthouse apartment, 1-bedroom penthouse apartment & 1-bedroom studio (all with internal and external access)
  • Internal area: 217m² plus 96m² of balconies
  • Two secure basement car parks with storage lockers
  • Gas fire with schist surround plus air conditioning
  • Brand-new kitchen, appliances, furniture, and furnishings
  • Currently under construction — completion scheduled for August 2026
  • Property to be sold plus GST (if any)
  • Images are of a recently completed apartment of a similar configuration



Penthouses of this scale, design, and lakefront position are exceptionally rare in Queenstown. This is your opportunity to secure a landmark alpine residence — where world-class scenery meets contemporary luxury and strong investment appeal.

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Additional features

Outdoor Features: Balcony
Outdoor Features: Deck
Outdoor Features: Outdoor Entertainment Area
Outdoor Features: Secure Parking
Outdoor Features: Outside Spa
Outdoor Features: Entertainment Area
Indoor Features: Broadband Internet Available
Indoor Features: Built In Wardrobes
Indoor Features: Dishwasher
Indoor Features: Gym
Indoor Features: Double Storey
Heating / Cooling: Air Conditioning

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