A one-bedroom in an apartment complex built in the 2000s on the hillside in town, with 680 sq ft inside. It is among the cheapest homes in Queenstown, yet because this is a resort town it still costs close to NZ$700,000, and anything cheaper is usually a hotel room sold off individually.
Deck
Windows with mountain views
Small homeHome illustration
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Frankton Road, Queenstown
Two-bedroom apartment
$538,000Local price · NZ$960K
1,066 sq ft (99 m²)2 bed1 bath
A two-bedroom in an apartment complex built in the 2000s on the lakeside slope between town and Frankton. At 1,070 sq ft inside, it has plenty of room for two. Most apartments along this road have their windows and decks facing Lake Wakatipu.
Deck
Lake views
Family homeHome illustration
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InteriorFloor plan
Lake Hayes Estate, east of Queenstown
2010s single-story house with three bedrooms
$784,600Local price · NZ$1.4M
1,830 sq ft (170 m²)3 bed2 bath
A house built in the 2010s in a planned subdivision about 6 miles east of town, with three bedrooms and two bathrooms on a lot of about 5,400 sq ft. Many young families live here, so similar new houses line the streets, and every one of them looks straight out at high mountains.
Garage
Lawn
Mountain views
Upscale homeHome illustration
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Frankton Road, on the lakeside slope east of central Queenstown
Four-bedroom, three-story house with lake views
$2,354,000Local price · NZ$4.2M
3,552 sq ft (330 m²)4 bed3 bath
A house built in the 2010s on the lakeside slope close to town, with 3,550 sq ft of floor space stacked over several levels on a 3,560 sq ft lot. The living room windows and the deck open toward Lake Wakatipu and the mountains across the water.
Lake and mountain views
Large deck
Two-car garage
Top endHome illustration
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InteriorFloor plan
Speargrass Flat, Wakatipu Basin
Country estate on 11.6 acres
$9,247,000Local price · NZ$16.5M
5,565 sq ft (517 m²)5 bed4 bath
A timber house built in 1990 on 11.6 acres in the Wakatipu Basin between Queenstown and Arrowtown, with 5,560 sq ft inside and a pool added in 2021. It sold for NZ$16.5 million in February 2026, the area's top sale so far this year and more than three times what it fetched in 2014.
Pool (built in 2021)
11.6 acres of pasture and gardens
Large deck
Two-car garage
Prices and measurements
We compare the homes listed here. Prices exclude taxes and fees.
Converted prices use exchange rates from 2026-10-15.