Some properties are about the house. This one is about the position.
Occupying a premium waterfront site in tightly held Parekura Bay, 419D Manawaora Road presents an increasingly rare opportunity to secure a substantial coastal holding in one of the Bay of Islands' most remarkable waterfront settings.
With expansive water views across towards prestigious marino, access to a mooring and the coastline quite literally at your doorstep, this is a property for a buyer prepared to look beyond what exists today and consider what this location could become.
The existing four-bedroom home is substantial, but it requires significant investment. A new owner may choose to undertake a comprehensive renovation or decide that the site warrants an entirely new architectural response.
Either way, the opportunity begins with the land and the location.
A Waterfront Position Worth Investing In
Parekura Bay is known for privacy, exceptional coastal scenery and its proximity to some of the Bay of Islands' most significant residential estates.
Directly across the water sits Omarino, one of New Zealand's most exclusive coastal developments, with its own private marina facilities and substantial luxury residences.
For buyers considering the longer-term potential of this part of the Bay of Islands, there is another factor of interest. A proposed marina development at nearby Waipiro Bay is progressing through the regulatory process. The marina has not been finally approved, and purchasers should make their own enquiries and must not rely upon its development when assessing this property. Nevertheless, the proposal demonstrates the level of interest and investment being contemplated for the wider Manawaora and Parekura Bay coastline.
Against that backdrop, 419D Manawaora Road offers something increasingly difficult to replicate: an established waterfront property with the potential to be substantially transformed.
Renovate the Existing Home - or Start Again
The current residence provides approximately the scale and accommodation expected of a substantial coastal home, including:
• Four (4) bedrooms
• Three (3) ensuites
• Master suite with water views, walk-in wardrobe and study area
• Large open-plan kitchen, dining and living spaces
• Butler's pantry
• Generous entertaining areas
• Front decking overlooking the water
• Sheltered rear outdoor living
• Double garage with internal access
• Excellent water storage
• Waterfront setting with access to a mooring
The home's configuration provides a useful starting point, particularly for extended family and guests, but buyers should approach the property with clear eyes: this is a renovation or redevelopment proposition rather than a turnkey waterfront home.
And that is precisely where the opportunity lies.
Create a contemporary coastal residence around the existing footprint. Undertake a significant architectural renovation. Or, subject to all necessary consents and approvals, clear the canvas and design something entirely new that responds to this exceptional waterfront setting.
Buy the Position. Create the Future.
There are plenty of beautiful homes in the Bay of Islands. There are considerably fewer opportunities to secure waterfront land in a setting such as Parekura Bay and determine for yourself what comes next.
For the buyer searching for a Bay of Islands waterfront property, a Parekura Bay coastal retreat, a substantial renovation opportunity near Russell, or a site upon which to create a significant future residence, 419D Manawaora Road deserves serious consideration.
This is not a property being presented as perfect.
It is being presented for something potentially much more valuable: position, possibility and the freedom to reimagine an exceptional piece of the Bay of Islands coastline.
Open homes scheduled on site:
• Sunday 27 September | 11.00am - 12.00 noon
• Saturday 3 October | 11.00am - 12.00 noon
• Saturday 10 October | 11.00am - 12.00 noon
• Saturday 17 October | 11.00am - 12.00 noon
If you cannot make these times, our team are happy to organise a private viewing either in person or virtually.
Auction: Tuesday, 20 October 2026
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