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Two Mile Bay

358 Lake Terrace, Two Mile Bay, Taupō

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5 Bedrooms
2 Lounges
5 Bathrooms
1 Study
3 Parking
1,348sqm Land area SQM
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Executive Two Mile Bay home


Auction to be held at 4:00pm, Friday 9 October 2026 (unless sold prior)
44 Roberts Street, Taupo

Positioned in one of Taupō's most desirable lakefront locations, this substantial residence enjoys an elevated setting above Two Mile Bay, delivering an exceptional combination of privacy, luxury, versatility and sweeping views across Lake Taupō.

Now being offered for auction, the owner's circumstances have changed and the decision has been made to sell. With a new home nearing completion, there is a very clear motivation to achieve a result. This is a property that needs to be sold and the vendor is prepared to meet the market.

Accessed via a tree-lined driveway and secured by electric gates, the property provides a peaceful and private retreat while remaining moments from the lake edge, Two Mile Bay boat ramp and Kokomea Shopping Centre. From its north-facing position, the outlook stretches across the lake to Acacia Bay and Taupō township, with spectacular sunsets and sparkling evening lights creating an ever-changing backdrop.

Extensively rebuilt and transformed over recent years, this executive style residence has been thoughtfully designed to maximise both lifestyle and versatility. The predominantly single level main residence centres around generous open-plan living, with a designer kitchen flowing seamlessly through to dining, expansive decking and sheltered outdoor entertaining.

The outdoor swim spa is perfectly positioned to enjoy the tranquil surroundings and magnificent lake outlook, while a separate formal lounge provides an elegant space to relax and take in the views.

Accommodation is exceptional, with three beautifully appointed bedrooms, each enjoying its own ensuite. An additional office or fourth bedroom provides flexibility for working from home or accommodating guests, complemented by a convenient guest powder room.

Adding another dimension is the self contained guest accommodation on the lower level. Privately separated from the main residence, this beautifully presented suite has already proven successful as short stay accommodation and offers an ideal solution for extended family, visiting friends or supplementary income.

Year-round comfort is assured with quality fixtures and fittings throughout, while internal access triple garaging provides exceptional space for vehicles, lake toys and recreational equipment. Additional off street parking caters comfortably for the boat, motorhome and guests.

The opportunity here is straightforward: a substantial, extensively upgraded lakeside property, an outstanding Two Mile Bay position and a vendor who is committed to selling.

Whether you're looking for an executive family home, a luxury Taupō retreat, a property with guest accommodation or simply a superb lakeside investment, 358 Lake Terrace deserves your immediate attention.

The vendor is ready to move on. The property is going to auction. Your opportunity is now.

Key features


Position

Positioned in one of Taupo's most desirable lakefront positions, this substantial residence enjoys an elevated setting above Two Mile Bay

Open plan

Extensively rebuilt executive residence featuring a designer kitchen, spacious open plan living, separate formal lounge, expansive entertaining decks and an outdoor swim spa

Home and income

Flexible accommodation including three generous ensuited bedrooms, a large office or fourth bedroom, guest powder room and a self contained guest suite ideal for extended family or Airbnb income

Parking

Internal access triple garaging, excellent off street parking and plenty of space for the boat, motorhome and all the toys needed to enjoy the Taupo lifestyle

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