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635 Peninsula Road, Kelvin Heights, Queenstown

For Sale by Deadline Private Treaty

5

3

436m²

817m²

Unrivalled Peninsula position

Long before Kelvin Heights became one of Queenstown's most coveted addresses, this stretch of shoreline between Bayview and The Grove was among the first to be settled. The incredible views. The western outlook, where the evening sky spills magnificent colour across the water, lingering long after the sun has slipped behind the mountains. Genuine privacy, paired with effortless access to the water's edge.

635 Peninsula Road sits within this prized stretch. Elevated. Unobstructed. Utterly private. And generous in a way that's difficult to find here — 436sqm unfolding across three considered levels, the home offers space in every sense: five bedrooms, three bathrooms, a lift connecting the main dwelling's two levels with ease, and multiple outdoor living areas to enjoy. A home built to be lived in and enjoyed for years to come.

Step through the front door and you're drawn straight to the open-plan living and dining — the feeling one of almost floating above the water. Bi-fold doors fold away to a deck made for long summer evenings and entertaining, while a striking, contemporary kitchen with scullery anchors the space. A media room and snug offer quieter retreat when the mood calls for it, the whole level wrapped in warmth year-round — new wool carpet underfoot, heat pumps and cassette heating moderating the temperature through every season. The triple garage sits on this same level, workbench included, with its own path leading directly down to the water — practical access for transporting all the lake gear.

Downstairs, the home turns more private still. The master suite enjoys a fully tiled ensuite, walk-in wardrobe and private deck access, with two further bedrooms sharing a contemporary family bathroom. A flexi room with kitchenette completes the floor, its adjoining spa opening directly onto the deck — perfectly positioned to soak in Queenstown's spectacular sunsets.

The unit adds another layer entirely — fully self-contained with its own separate entrance and dedicated outdoor carpark, freshly finished throughout with a new kitchen, new bathroom and new floor coverings. Currently used for short term rental, offering genuine passive income, or independent guest accommodation for friends or family.

Outside, multiple outdoor living areas take in the lake, framed by easy-care landscaped gardens. Directly below the home, a natural beach shelf unfolds — arguably one of the finest spots along this entire stretch of the Peninsula, making launching a kayak or paddleboard effortless. And then there's the quarter share in the jetty and your own private mooring — the kind of assets that are becoming almost impossible to secure on this lake. Keep your own boat tied up and ready, or make room for a friend's — no boat ramp, no trailer, no queuing to launch. Simply walk down, step aboard, and go.

Beyond the home, direct access to the Kelvin Heights walking and biking trails puts even more of the lake within reach. The water taxi to Queenstown central is a short walk away, with the golf course and café, Queenstown International Airport, The Remarkables ski field, and Frankton's shopping and dining precincts all close by.

What sets this home apart isn't only its scale and layout — it's the ease of it. Freshly updated, turn-key, low-maintenance, ready to be enjoyed from the day you collect the keys.

This position. This stretch of the Peninsula between Bayview and The Grove. Rarely do they come together. For the first time since it was built, this home is available. Contact me to arrange a private viewing.

Additional details

Type

House

Property ID

4484061

Listed on

14/10/2026

Updated

yesterday

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Listed for sale on OneRoof for 1 days (last updated on 14 October). OneRoof now estimates this property to be $4,475,000 and its latest rating valuation by Queenstown council is $4,700,000 as of 2024. This property has appeared in 4782 searches in the last 30 days. There are 12 properties for sale in Kelvin Heights.

Property data

On OneRoof

1 days

Property Type

House

Floor Area

436m²

Land Area

817m²

About the area

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Time (yrs)

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Kelvin Heights, Queenstown

Kelvin Heights is a suburb which lies within the Territorial Authority of Queenstown, one of 24 residential suburbs which form the wider region. Kelvin Heights is the 11st largest suburb of Queenstown in terms of the total number of residential housing stock. Kelvin Heights provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1950 - 1959. The majority of the residential housing stock in the locality was constructed between 1980 - 1989. Residential housing stock in Kelvin Heights is made up of approximately 96% residential housing and 3% residential investment housing properties.

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