A consented multi-lot development in one of Waiheke Island’s most centrally located and accessible residential areas presents a compelling opportunity for investors and forward-focused developers to unlock immediate potential and long-term upside.

Bayleys Waiheke Island broker Mana Tahapehi is marketing the 1.345ha (more or less) site at 1A Pacific Parade with an asking price of $1,550,000 plus GST (if any).

The property is held in one freehold title and will be sold with resource consent for subdivision into six individual lots, five of which are approximately 2,000sqm, and one super lot of 3,228sqm (more or less).

Tahapehi says securing regulatory approval that confirms the development meets planning and environmental standards positions the offering as a shovel-ready opportunity for purchasers seeking scale and certainty in a tightly held market.

“Preliminary preparations have been completed, with legal easements, a new accessway, and approval for a dwelling on Lot 1 providing immediate development potential.

“The subject property is approved and ready to build, in a highly liveable, well-connected part of Waiheke Island. It offers a consent-guided project site for residential development, with north-facing lots on elevated contours ensuring privacy, bush outlooks and sea views on select titles.

“In the current climate, consent processing is complex and time-consuming, and so the value of a fully consented, staged subdivision cannot be overstated. Potential purchasers have the opportunity to move forward with clarity and confidence, knowing that key planning milestones have already been met,” he says.

Situated just minutes from Oneroa Village, the Matiatia Ferry Terminal, schools, beaches, and transport links, the site benefits from its central location within the island’s main settlement zone and proximity to essential infrastructure and amenities.

Tahapehi says the offering is well-aligned with broader development trends across the Hauraki Gulf and greater Auckland region.

“We’re seeing continued demand for boutique, lifestyle-led residential developments, particularly on Waiheke Island, where zoning, topography, and conservation considerations limit future supply potential.

“Additionally, as Auckland’s population continues to grow, and ferry services improve to meet demand, appetite for high-quality coastal property from both across New Zealand and abroad remains strong."

The site is zoned Residential – Bush under the Auckland Unitary Plan, a designation that supports low-density housing integrated within the natural landscape.

“Each proposed lot is larger than the minimum size required by local planning rules, because of this, there’s flexibility in how each site can be developed. Specifically, the lot sizes are large enough to accommodate standalone homes or, potentially, a house with a secondary dwelling.

“With no improvements currently on site, the property presents as a clean entry point into a premium development play.”

Tahapehi says the Pacific Parade landholding is a strategic opportunity for developers seeking mid-term upside, or investors to hold quality land in a growth location with limited future supply.

“Opportunities of this scale and completeness are increasingly scarce in Waiheke. Whether you’re looking to build now or hold for the future, this site offers flexibility, security, and significant long-term value.”