- Andrew McIntosh is selling a planned $37.5 million luxury home in Queenstown, targeting wealthy American buyers.
- The 1184sqm house, named Pārore, features six bedrooms, ten bathrooms, and expansive views.
- McIntosh's development includes a luxury lodge at Bob’s Cove, with completion expected next year.
It hasn't been built yet, but 7 Forestlines Rise has ambitions to be Queenstown’s finest and most expensive home. It's for sale for $37.5 million, and hopes to catch the eye of an American buyer who doesn't care about price.
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The house-and-land package at Ben Lomond is the work of Sydney-based property developer Andrew McIntosh.
Dubbed Pārore, the planned house is 1184sqm in size - almost six times larger than an average Kiwi home - and boasts six bedrooms, 10 bathrooms and uninterrupted views of Lake Wakatipu, the Remarkables and Cecil Peak.
7 Forestlines Rise is one of several projects McIntosh's firm, B Group, has planned for the area. Most, though, are waiting to be built or have been aborted.
Parore is the work of Sydney-based developer Andrew McIntosh, who has plans to build several high-end properties in the area. Photo / Supplied
McIntosh says the property is a turn-key home for buyers who aren't worried about price. Photo / Supplied
The property is almost six times the size of an average Kiwi home. Photo / Supplied
McIntosh bought the land at 7 Forestlines Rise for $6.5m in 2022 and first pitched the property to buyers as a "timeshare". Investors could acquire an eighth share of the property for $3.75m. However, only a couple came forward, which was not enough to start the project.
McIntosh has now revived his sales push with a larger, redesigned mansion and is now seeking a single buyer for what he believes will be “New Zealand’s most breathtaking luxury home”.
McIntosh has been in the headlines for a variety of reasons. He found himself in a legal dispute with his former business partner, Kurt Wagner, in 2024 and was slammed by a judge the same year for his "deliberate flouting" of the terms of a Queenstown property deal.
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He also claimed to have sold 8 Forestlines Rise - another off-the-plan home - for $25.75m, but property records show the sale never took place and instead the land was sold in April last year for $2.9m to a different buyer.
McIntosh declined to comment on the 2022 transaction, but confirmed to OneRoof that he now only has two sections left in his gated subdivision just above Glenorchy-Queenstown Road.
McIntosh said the recent changes to New Zealand foreign buyer rules, allowing overseas buyers with an Active Investor Plus Visa to buy property in New Zealand worth $5m or more, would make 7 Forestlines Rise an attractive proposition to wealthy foreigners.
Pārore had been deliberately designed to be "massive" and "over the top” to target a very high-net-worth buyer, he said.
The property is nestled in a private gated estate just ten minutes from Queenstown and sits on over 3ha of land. Photo / Supplied
The house comes with a 26-m heated infinity pool, a state-of-the-art cinema room, a wine cellar, a sauna, a spa, a gym, and an outdoor lounge. Photo / Supplied
“The asking price is $37.5m, and it's turnkey. You walk in, it's fully furnished, fully built, that's it done,” he said.
“It's got everything, from jacuzzies to gyms to plunge pools to a wellness room to I think nine different fires.
“I'm just a believer. I think there's the non-price-conscious buyer out there. If they want it, they want it. Whether it's $25m or $35m, it probably doesn't make much difference. That's what Parore is really about.”
McIntosh said while the property had attracted a lot of tyre-kickers, he estimated about 10% of the enquiries he had received were genuine.
“Most of them are offshore. Some of whom have never even been to New Zealand, but they're interested in the property.”
Feedback so far was that many overseas buyers didn’t want to live in New Zealand permanently, and instead wanted a property as a "backstop" in what was still widely regarded as one of the safest countries in the world.
Meanwhile, McIntosh said groundwork on a planned luxury lodge at Bob’s Cove on the shores of Lake Wakatipu, which he likened to Huka Lodge in Taupō, was now finally underway with completion expected “sometime next year”.
McIntosh shelled out $7.3m for the site in 2022 and had initially planned to carry out a subdivision with 24 villas to fund the development. However, a lengthy court battle meant he had to walk away from that plan - and rip up conditional sale contracts - to get it over the line.
Waimarino Lodge’s scaled-back plans now comprise 20 green-roofed villas, an owner’s residence, a restaurant, a sauna, and a spa and yoga studio.
McIntosh said the timing of the two developments, which are about a five-minute drive from each other, gave the owners of Pārore the option of signing a service agreement that would see Waimarino Lodge staff maintain the property and even manage it as a rental property, returning between an estimated $20,000 to $40,000 a night.
"Any of the staff in there [the lodge] can go up to that house. Whether it be a chef, a masseuse, a gardener, or a pool cleaner. If you can afford 30-odd million bucks for a house, you probably don't want to be doing any of that yourself.”
- 7 Forestlines Rise, Ben Lomond, Queenstown, is for sale for $37.5m
