- A Pahoia Peninsula home sold, breaking the Bay of Plenty’s house price record.
- The five-bedroom estate features luxury amenities and was designed by Warren and Mahoney.
- The sale allows the vendors to relocate, marking it as the region’s largest sale.
An award-winning home on the Pahoia Peninsula has obliterated the Bay of Plenty’s house price record, selling to a Kiwi family after several years on the market.
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Trueman & Co director Brent Trueman said the purchasers had been looking for a legacy property and had been won over by the five-bedroom estate designed by Warren and Mahoney.
“They just loved the property and can’t wait to get their family in there and make the most of the place,” he told OneRoof.
“Everybody’s stoked at the moment.”
The 1000sqm house, described in the listing on OneRoof as a “coveted private retreat inspired by world-class luxury and modernist architecture”, was created by vendors Philip and Celia Crawshaw over a seven-year period.
The house was designed by Warren and Mahoney and has an RV of just over $13m. Photo / Supplied
The estate covers 5.69ha, has 800 metres of riparian rights and is packed with luxury features. Photo / Supplied
It sits on 5.69ha and impressive features include a heated in-ground swimming pool, a cedar hot tub, an all-weather tennis court with Paul Dibble-commissioned water fountain, a multilevel astro-turf putting green, a bunkhouse, and a natural hot spring pool and soak pool at the water’s edge.
The house won Warren and Mahoney the New Zealand Institute of Architects regional award in 2011 and over the years, has featured in numerous design magazines and garden tours.
Trueman declined to reveal the sale price, but did say it eclipsed the previous Bay of Plenty record of $11m, paid for a luxury bach on Oceanbeach Road, in Mount Maunganui, in 2022. “It’s by far the biggest sale,” he said.
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Trueman believed it was worth every cent. “It’s an amazing home with beautiful pieces of artwork inside it. If you look at the cost of rebuilding it now, I think it’s actually worth more than what we got for it.”
The property, which has an RV of just over $13m, hit the market in 2022 and had at one point carried a price tag of $20m and then dropped to $18.5m. However, the relaxation of the foreign buyer ban shifted price expectations upwards again. OneRoof understands that the sale price was in line with the first price tag.
The previous record holder for the Bay of Plenty: a $11m super bach on Oceanbeach Road in Mount Maunganui. Photo / Supplied
Trueman said: “It’s the home in the Bay of Plenty, as far as I’m concerned. I’ve seen nothing that’s even come close to it, and we’ve got some nice homes here. It’s an extraordinary home, and it took an extraordinary buyer to buy it.”
When asked why it took years to sell, he said: “Everyone wants to read about a record being set, but nobody wants to set one.”
The agent said the vendors were happy with the deal. “They know the house is going to a nice family. Because property isn’t really just about dollars and cents – I know there’s a lot of money involved in this – but there’s more to it, isn’t there? Some of the properties these people have created have become part of them. They are genuinely happy with the situation.”
Trueman & Co, who was one of several agencies hired by the Crawshaws to sell the home, said they used their connections to get a sale over the line. The agency’s Lisa Zawitkoski, who marketed the property, also had her own personal connection to the property and recalled going there as a child when her grandad owned the farm. The land was later sold off and developed. “It’s a really cool story,” Trueman said.
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