Magnates Sell ‘Stunning Piece of New Zealand’ for Bumper Price
- Remote farm ‘Halfway Bay Station’ is in Queenstown region
- ‘Properties like this are hugely unique and iconic’: Sotheby’s
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A remote New Zealand farm has sold for more than NZ$30 million ($18 million), setting a record price for the South Island region of Queenstown that already boasts some of the nation’s most expensive real estate.
Halfway Bay Station, an 18,000-hectare (44,479-acre) property on the shores of Lake Wakatipu, was sold by New Zealand-born mining magnate Chris Ellison and Australian billionaire Tim Roberts, said Mark Harris, managing director of Sotheby’s International Realty New Zealand, which brokered the transaction.