A Wānaka property which fetched the country’s highest residential property sale price last summer is now in the process of being turned into a 13-lot subdivision.

The Eely Point Road property went under the hammer for $11.9M last March, the most expensive sale of the summer by several million dollars.

Its huge lot size of around 11,000 sqm, and location 200m from Eely Point Beach, pushed up the value substantially, despite the property featuring only a small, two-bedroom cottage and a smaller second dwelling.

Now, the new owner is planning for subdivision of the huge site. 

Queenstown Lakes District Council (QLDC) is currently considering a resource consent application to divide most of the site into 12 smaller lots.

A resource consent application to subdivide the huge, tree-covered property, has been submitted.

A previous application to split the property into two lots, one 919m2 and the other 10,400m2, was already approved last year.

If approved, the 10,400m2 lot will be divided into 12 lots which will range in size from 570m2 to 1,615m2. 

Lots 1-8 would be accessed via Kidson Lane and the remaining lots - including the other lot created last year - would be accessed via Eely Point Road.

Two protected trees on the site will be left unaffected, the application, completed by Patterson Pitts Group, said.

They noted that the subdivision would “fundamentally change the appearance and form of the parent lot, from a rather densely vegetated lot consisting of a range of mature exotic tree species, to a 12-lot urban subdivision with the anticipation of 12 residential buildings”. 

While this would be a “noticeable change” for neighbours and road users, the applicant could have applied for greater density in section sizes.

QLDC is currently waiting for more information from the applicant to progress the application.

PHOTOS: Wānaka App