An original waterfront home in Mt Maunganui that has been in the same family for decades is up for sale by tender, poised to break records for the most expensive multi-million dollar sale ever in the Bay of Plenty. With its coveted location and untouched 739 square metre site, it could soon become the most expensive residential property sale ever in the region. “There is high demand for waterfront property anyway, but this location is considered by some as ‘the’ most wanted block. Buyers are not put off by the price tag or retro interiors as there is high demand for waterfront houses, say agents. There are signs of a recovery in the market, with house prices set to rise, say experts.

Source: Stuff September 07, 2023 19:00 UTC