Weekend Herald

Remmers mansion could be yours — for $32 million

The home has been revamped, writes Catherine Smith

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Aluxurious­ly renovated mansion on Auckland’s Remuera Rd has hit the market with a $32 million price tag. The 900sq m five-bedroom Roy Binney-designed house, built in 1915 and completely revamped over the past 20 years by the current owners, is being marketed by Kings of Remuera agents Terry and Diana King, and Lisa Grant.

Terry King told property website OneRoof he was confident 532 Remuera Rd would sell for what would be a record asking price for a New Zealand house.

“We only sell houses by setting a price, based on a registered valuation and what we know of price data. And we isolate the buyers who fit the property and have the budget.

“For this house, it’s a matter of finding the right buyer who is attuned to the architectu­re and appreciate­s what’s been done here. There might only be five people who fit the bill,” King said.

“This will be the most expensive house in Remuera. It will have owners like the current ones, and the ones before, who are custodians, who appreciate what was done.”

Remuera’s biggest sale price for a residentia­l property is $29m, set in December 2021 for a 979sq m modern Lawrence Sumich-designed house set on a 4188sq m section, also off Remuera Rd.

Last year, just two houses in the suburb, one of the city’s most expensive, fetched more than $20m — a fivebedroo­m glass and concrete home on Burwood Crescent that went for $20.6m in May, and the Victoria Avenue mansion, formerly owned by financier Martin Reesby, that settled in July for $23.8m after a deal was inked in 2022.

The top house price in Auckland is still the $38.9m paid for financier Mark Hotchin’s former home on Huriaro Place, O¯ ra¯kei, more than 10 years ago, although that national record was bumped by last year’s deal on a lifestyle property out of Queenstown, which has not settled yet. Only one other Auckland property, the sprawling lifestyle home formerly known as the Dotcom mansion in Coatesvill­e, has sold for more than $32m. The

12-bedroom property was bought by the Zuru Toys’ Mowbray family in

2016 for $32.5m, and has since been extensivel­y refurbishe­d by replacing the pool and landscapin­g, and adding a heliport and helipad, outdoor kitchen and gym.

The owners of the Remuera Rd property bought it semi-renovated in

2000 (OneRoof records show they paid $2.815m at the time).

King said no expense was spared on the update of the house, which has nine bathrooms, a swimming pool and spa, home gym and massage rooms and a garden-style pavilion. Below the pool and gym is a selfcontai­ned guest suite overlookin­g the tennis court.

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 ?? ?? Tennis on the back lawn at 532 Remuera Rd, and then perhaps pop inside for a drink at the bar.
Tennis on the back lawn at 532 Remuera Rd, and then perhaps pop inside for a drink at the bar.
 ?? ?? The Remuera property tipped to set a new sales price record for New Zealand house.
The Remuera property tipped to set a new sales price record for New Zealand house.

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