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Unit 1003/327 Frankton Road, Town Centre, Queenstown

Asking price $2,895,000

4

2

313m²

Luxury Penthouse with Lake & Mountain Views

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.

Additional details

Type

Apartment

Property ID

74025

Listed on

02/02/2026

Updated

2 days ago

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Listed for sale on OneRoof for 3 days (last updated on 2 February). There are 13 4-bedroom properties for sale nearby. There are 77 properties for sale in Town Centre.

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Queenstown, Queenstown

Queenstown is a suburb which lies within the Territorial Authority of Queenstown, one of 24 residential suburbs which form the wider region. Queenstown is the 2nd largest suburb of Queenstown in terms of the total number of residential housing stock. Queenstown provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1900 - 1909. The majority of the residential housing stock in the locality was constructed between 2000 - 2009. Residential housing stock in Queenstown is made up of approximately 94% residential housing and 6% residential investment housing properties.

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