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Far North

Waterfront Views Without the Waterfront Price
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Far North

Waterfront Views Without the Waterfront Price

Land Price

$580,000

$335/m²

With 2-Bed Devpro 65m²

$879,999

With 3-Bed Devpro 95m²

$979,999

With 4-Bed Devpro 122m²

$1,079,999

Land area

1,733 m²

Zone

Residential

Natural Hazards

None identified

Council services

Live reticulated water, wastewater, and stormwater data is not yet wired in for Far North. Check the LIM report or contact Far North District Council directly.

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Lifetime cost · Devpro vs Building Code

What is the lifetime cost of a 4-bed home at Waterfront Views Without the Waterfront Price?

Section price pre-filled from this listing. Tweak the build, mortgage, and running-cost inputs to see the 30-year picture.

The build

Mortgage

Running costs

Monthly mortgage — green-loan advantage

Building code

$5,350/mo

Devpro

$5,042/mo

Saving

$308/mo

Devpro vs Building Code — the investment case

YearIf held (savings)If sold — resale premiumIf sold — total Devpro advantage
0yr$0$97,200$97,200
5yr$31,764$124,054$181,327
10yr$67,193$158,328$280,824
20yr$183,553$257,900$567,915
30yr$297,010$420,092$918,430

If held = cumulative operational savings (mortgage interest + energy + HVAC service + replacements avoided). If sold = full net-position delta. Click any row to see the five components that make up the total advantage.

30-year "held" savings — where the money comes from

Mortgage interest (green-loan 1% off)
$111,017
Energy (70% lower, inflating)
$139,522
HVAC servicing (less run-time)
$19,932
HVAC replacements avoided
$26,539
Total 30-year savings
$297,010

Talk to us

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About this section

Perched above the ever-changing waters between Okiato and Opua, this is one of those rare sites where the view does all the talking. From first light to last glow, there's always something happening. From ferries gliding back and forth, yachts at anchor, and launches heading out for the day, the quiet rhythm of the Bay of Islands unfolding right in front of you. It's a front-row seat to coastal life, without ever leaving home. The land itself offers a generous, gently contoured platform, ideal for designing and building your dream home to maximise both sun and outlook. Whether you're envisioning a permanent residence or a lock-up-and-leave coastal retreat, this is a site that rewards good design. In the meantime, the property provides a simple base to enjoy now - a place to stay, unwind, and soak in the view while you plan your future build. Located in historic Okiato, just minutes from Russell township and the car ferry, you're perfectly positioned for both privacy and convenience, with easy access to the wider Bay of Islands. Why You'll Love It • Elevated but flat site with sweeping harbour views • Ever-changing outlook across to Opua Marina • Watch the ferry crossings, boats and bay life unfold • Sunny, usable land with excellent building potential • Peaceful setting just minutes to Russell village or Opua • A chance to secure the position first and build to suit later The Opportunity Sites like this are increasingly hard to find where the view, the location, and the potential all align. Secure it now, enjoy it immediately, and create something truly special over time. Contact Dianne Wynyard, Licensee Agent, to view the property. Phone +64 (0)21 303 047 or email dianne.wynyard@raywhite.com.

Aerial imagery

See the land from above.

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