485 Tarras-Cromwell Road, Cromwell, OTA, Northburn, Otago, New Zealand. - Hero Image
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485
Tarras-Cromwell Road
Northburn | Otago

The Secret of

Aristocratic Style

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Justine Burke
Justine Burke
Presented At
$3,800,000
Bedrooms
5
Bathrooms
4
Living
4,780
SQFT
Fireplace
Office
Stone Countertops
Air Conditioning
Washer Dryer
Fitness Center / Gym
Bar
Kitchen island
Laundry Room
Terrace
Garage
Pergola
Garden
Balcony
Fire Pit
Pool
Water View
Lakefront
Waterfront
Mountain View
Privacy
Modern
485 Tarras-Cromwell Road, Cromwell, OTA, Northburn, Otago, New Zealand. - Photo 1
485 Tarras-Cromwell Road, Cromwell, OTA, Northburn, Otago, New Zealand. - Photo 2
485 Tarras-Cromwell Road, Cromwell, OTA, Northburn, Otago, New Zealand. - Photo 3
485 Tarras-Cromwell Road, Cromwell, OTA, Northburn, Otago, New Zealand. - Photo 4
485 Tarras-Cromwell Road, Cromwell, OTA, Northburn, Otago, New Zealand. - Photo 5
485 Tarras-Cromwell Road, Cromwell, OTA, Northburn, Otago, New Zealand. - Photo 6
485 Tarras-Cromwell Road, Cromwell, OTA, Northburn, Otago, New Zealand. - Photo 7
485 Tarras-Cromwell Road, Cromwell, OTA, Northburn, Otago, New Zealand. - Photo 8
485 Tarras-Cromwell Road, Cromwell, OTA, Northburn, Otago, New Zealand. - Photo 9
485 Tarras-Cromwell Road, Cromwell, OTA, Northburn, Otago, New Zealand. - Photo 10
485 Tarras-Cromwell Road, Cromwell, OTA, Northburn, Otago, New Zealand. - Photo 11
485 Tarras-Cromwell Road, Cromwell, OTA, Northburn, Otago, New Zealand. - Photo 12
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485 Tarras-Cromwell Road, Cromwell, OTA, Northburn, Otago, New Zealand. - Photo 22
485 Tarras-Cromwell Road, Cromwell, OTA, Northburn, Otago, New Zealand. - Photo 23
485 Tarras-Cromwell Road, Cromwell, OTA, Northburn, Otago, New Zealand. - Photo 24
485 Tarras-Cromwell Road, Cromwell, OTA, Northburn, Otago, New Zealand. - Photo 25
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485 Tarras-Cromwell Road, Cromwell, OTA, Northburn, Otago, New Zealand. - Photo 27
485 Tarras-Cromwell Road, Cromwell, OTA, Northburn, Otago, New Zealand. - Photo 28
485 Tarras-Cromwell Road, Cromwell, OTA, Northburn, Otago, New Zealand. - Photo 29
485 Tarras-Cromwell Road, Cromwell, OTA, Northburn, Otago, New Zealand. - Photo 30
485 Tarras-Cromwell Road, Cromwell, OTA, Northburn, Otago, New Zealand. - Photo 31
485 Tarras-Cromwell Road, Cromwell, OTA, Northburn, Otago, New Zealand. - Photo 32
485 Tarras-Cromwell Road, Cromwell, OTA, Northburn, Otago, New Zealand. - Photo 33
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485 Tarras-Cromwell Road, Cromwell, OTA, Northburn, Otago, New Zealand. , Northburn , Otago

The Lake House

Welcome to 485 Tarras Cromwell Highway an extensive 444 sq m residence positioned on an exceptionally rare luxury lakefront site. Held within the same family for generations, this extraordinary property represents a once-in-a-lifetime opportunity to secure one of Central Otago’s most desirable lakefront holdings, where timeless legacy meets contemporary design.


Thoughtfully designed, the home features a well-considered wing configuration that accommodates a variety of lifestyles. Across five generous bedrooms, the layout provides effortless flexibility, with the ground-floor wing easily adaptable as a fully self-contained unit ideal for extended family, guest accommodation or as a premium income opportunity.


At the heart of the home, expansive open plan living, dining, and a designer kitchen with a generous scullery combine to create an inviting and functional space for everyday living and entertaining. Additional rooms include a large media room or theatre, a home office and a gym or dedicated private master suite living space, offering superb versatility for modern living.


Extensive glazing captures exceptional views across Lake Dunstan and the Pisa Ranges, inviting natural light and warmth throughout the home. Thoughtfully placed skylights enhance the sense of openness and connection to the outdoors, while well-designed multiple decking areas provide seamless indoor-outdoor flow and year-round entertaining while sunsets provide the perfect backdrop.  A beautifully positioned spa pool adds a touch of indulgence, the perfect place to unwind while soaking in the lake and mountain views.


Comfort and efficiency are at the forefront, with zoned ducted heating and cooling, a feature fire, under-tile heating in the bathrooms, laundry and high-performance insulation ensuring year-round comfort and energy efficiency.


Generous storage solutions are found throughout, including large wardrobes, under-stair storage, a spacious carpeted garage and a separate boat shed/garage, providing secure space for vehicles, recreation gear and all the essentials of a lakeside lifestyle.


Set on an impressive 4,213 sq m (more or less) freehold section with 141.3 metres of direct west-facing lake boundary, the property enjoys exceptional privacy, sun, and an intimate connection to the water’s edge. With lakefront sites of this calibre seldom available and tightly held for generations, The Lakehouse presents exceptional long-term value.  The scale of the site also provides exciting potential for further enhancement.


Properties of this calibre are seldom available. This is a once-in-a-lifetime chance to secure a unique lifestyle estate that combines contemporary sophistication, lakefront serenity and a rare generational Central Otago landholding.

Exterior

Property

Gallery

3D Street View Tour

Map showing 485 Tarras-Cromwell Road, Cromwell, OTA, Northburn, Otago, New Zealand.

Property Location

485 Tarras-Cromwell Road, Cromwell, OTA, Northburn, Otago, New Zealand., Northburn Otago

Local Weather & Climate

Northburn, Otago

Current Conditions Updated recently
52 °F
Clear sky
Feels Like 51°F
Humidity 89%
Wind 1 mph
Visibility 6.2 mi
Sunrise 6:45 PM
Sunset 6:55 AM
5-Day Forecast
Fri 20 Mar
Clear
High 57°
Low 52°
Sat 21 Mar
Clouds
High 71°
Low 50°
Sun 22 Mar
Clouds
High 70°
Low 52°
Mon 23 Mar
Clear
High 73°
Low 52°
Tue 24 Mar
Clouds
High 73°
Low 53°
Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Northburn?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

NZ$
%
NZ$100,000
%
Estimated Monthly Payment $3,160
Monthly Payment Breakdown
Principal & Interest $2,528
Loan Amount $400,000
Total Interest $337,621
Total Cost $737,621

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Important Information
  • This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
  • Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
  • Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
  • This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.

Market Opinion

Our perspective on current market conditions in Northburn. For informational purposes only — always consult a licensed real estate professional before making decisions.

Market Analysis
International luxury real estate typically appreciates steadily over time.
65
Buyer Score
Estimated regional appreciation: 4% annually
Ultra-luxury properties tend to be more resilient during market downturns

Future Value & Wealth Building

Starting investment: $380,000,000 20% down ($76,000,000)

Investment Perspective
$ $ $
$1 → $1.36
Every dollar invested today could become $1.36 in 10 years
$100 → 136 $1,000 → $1,362
+$32,653
$32,653/day
Your home may appreciate while you sleep
$229,201/week $993,205/mo $11,918,459/yr
$100K Investment Comparison (10 Years)
Real Estate (Leveraged)
$281K
S&P 500 Index
$259K
High-Yield Savings
$155K
Real estate leverage: potential 8% advantage over stocks
RENT 💸 -$209.1M
vs
OWN 📈 +$296.6M
$296.6M Potential Equity
vs $209.1M lost to rent over 10 years
$76.0M Down Payment Growth
3.9x
10yr
$296.6M
8.1x
20yr
$614.1M
12.6x
30yr
$959.7M
Wealth Comparison
×2,285
Equivalent to 2,285 average US homes
top 5%
US household wealth ranking
Median: $193K Yours: $959.7M
Time to Double Your Investment (accounting for market cycles)
42.4
years
Conservative
1.65% effective/yr
15.3
years
Optimistic
4.62% effective/yr
Projected Home Values (adjusted for market cycles)
10 Years
Conservative $447.5M +18%
Market $517.5M +36%
Optimistic $597.2M +57%
$296.6M est. equity
20 Years
Conservative $527.0M +39%
Market $704.7M +85%
Optimistic $938.4M +147%
$614.1M est. equity
30 Years
Conservative $620.7M +63%
Market $959.7M +153%
Optimistic $1,474.8M +288%
$959.7M est. equity

These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Data from World Bank and regional real estate market research | Estimates based on historical appreciation trends

Frequently Asked Questions

Common questions about this property

This house at 485 Tarras-Cromwell Road, Cromwell, OTA, Northburn, Otago, New Zealand features 5 bedrooms with 4,780 square feet of living space.
This property offers 4,780 square feet of living space.
This property is listed at $380,000,000, which equals $79498 per square foot.
Based on current market indicators, Northburn shows an active market. The market opportunity score is 65 out of 100, reflecting factors like price trends, inventory levels, and days on market.
This is a house located in Northburn, Otago. The property is situated in an established neighborhood with convenient access to local amenities and services.
Justine Burke

Justine Burke

New Zealand Sotheby's International Realty

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