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Spotlight on: Waihi/Whangamata

September 29, 2008

By HOLDER VICKI

It’s nearly beach weather. Vicki Holder finds some hot property in the sun. ——————– WAIHI BEACH and Whangamata are popular Coromandel holiday spots with plenty of accommodation, sandy ocean beaches and sheltered harbours. A carnival atmosphere during the summer attracts big crowds to both areas.

People often confuse Waihi with Waihi Beach. The town of Waihi has largely been sustained by the mining industry. Waihi Gold Mining is pouring millions into the Legacy Project – a tourist drawcard that will take visitors down the mineshaft and show them what mining is all about.

About 10km from Waihi town, the beach itself is long and narrow with waterfront properties whose prices start around $1.2 million. Mike Fowler, of Fowler Real Estate, part of the Professionals, set a record recently when he sold a waterfront property for $1.86m. “While waterfront is expensive, you can still buy lots in the area for about $300,000. In a new subdivision at Waihi Beach, sections can be bought for as low as $150,000.”

About 20km up the coast, Whangamata has a permanent population of around 5000, which swells to 50,000 in summer. The beach has a world- renowned surf break and 5km of broad, safe white-sand beaches. New Zealand’s newest marina is under construction at Whangamata.

Real estate prices have risen in recent years though prices have steadied in the downturn, says Philip Vodanovich, of Coromandel Peninsula Real Estate. He says there are still plenty of inquiries as investors and those looking for a family holiday home have come back to the market.

“Beachfront and harbour properties are highly sought-after and have continued to increase in price against the backdrop of the current climate. The reality is there just aren’t enough of them for those looking to acquire their own piece of paradise. The holiday nature also offers investors a strong demand for rental properties during the spring and summer months.”

Bowentown Beach

AT THE south end of Bowentown Beach, at Waihi Beach, Pio Shores is a residential beach resort development similar to Pauanui, except extensive sand dunes separate houses from the water. Now fully developed, with no vacant sections, it has become a sought-after holiday destination with a safe white- sand swimming beach. Only about 15% of the homes are occupied by permanent residents. A cafe and a boat club add to the holiday enjoyment. With easy access to a 9km string of beautiful sandy beaches, plus glorious Anzac Bay, with harbour and beach views, it’s little wonder the area is so popular.

Just a two-minute walk from the dunes, this well-presented two- year-old home caters for a family wanting luxurious, easy-care living on a compact section. It’s big with three double bedrooms and a family bathroom, plus internal access double garaging downstairs.

Upstairs, the master bedroom suite has a beautiful, lime green bathroom and spacious, open-plan living extends through glass sliders to a generous balcony, ideal for summer barbecues. It overlooks other properties but feels private with no neighbours looking in.

* Property details:

Address: 1 Bowentown Boulevard, Pio Shores, Bowentown.

Features: Two-year-old home with open- plan living; 4 bedrooms; 2 bathrooms; double internal access garage.

Land area: 405m2

Price: $605,000.

Web address: www.professionals.co.nz # PWH10223

Contact: Di Burke, Fowler Real Estate Ltd MREINZ; mobile: 0272 555-578; a/hrs: (07) 863-7751; office: (07) 863-4464; email: dianne.waihibeach@wave.co.nz

38 Aileen Place, Whangamata

AT THE head of Whangamata’s harbour, this large, resort-like property has views down the harbour to the forested hills beyond. The luxurious home is set among mature ferns and plantings, which thrive in the warm, sunny climate. The home was built to the highest standards with beautiful bathrooms and granite bench tops in the kitchen. Living areas offer large spaces for relaxing and entertaining. Between the living rooms, a double-sided fireplace provides warmth which is enhanced by underfloor heating in winter.

Large sliding doors open to 350m2 of decking that flows around the house creating a fabulous environment for summer barbecues and fun.

An attached guest facility with two double bedrooms, lounge and bathroom provides facilities for friends, and extended family groups

The property has a large in-ground swimming pool with a rock waterfall feature.

There is an all-weather tennis court for the sports-minded. If more sedate activities appeal, you can relax and play petanque while enjoying the view over the harbour.

Large three-car garaging offers storage or room for children to play during winter.

The property is self-sufficient with three large water tanks, carbonised UV filtration and a generator.

* Property details:

Address: 38 Aileen Pl, Whangamata.

Features: Quality schist and cedar home with separate, two- bedroom guest accommodation on large, level property. Main house with five bedrooms; three bathrooms including ensuite to master; spa bath room; three-car garage; pool and tennis court.

Land area: 5822m2

Price: By negotiation. Valuation September 8: $5,185,000

Web ID: www.harcourts.co.nz WM080906

Contact: Philip Vodanovich, Coromandel Peninsula Real Estate 021 994-112; philip.vodanovich@harcourts.co.nz

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(c) 2008 Sunday Star – Times; Wellington, New Zealand. Provided by ProQuest LLC. All rights Reserved.




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