Nestled in the heart of Queenstown's stunning natural landscape, this lakefront residence offers a rare and unparalleled opportunity for savvy investors, land bankers, or those seeking a premium site to build their dream home. With a front-row seat to breathtaking 180-degree views of Lake Wakatipu and The Remarkables, this property rests on approximately 1,662 square meters of prime land. Adjacent to the scenic Frankton-Queenstown walking/biking track and just minutes from central Queenstown, the location is unbeatable. The current property boasts a floor area of 480 square meters, comprising five bedrooms and three bathrooms, so there is a fantastic opportunity to generate healthy rental returns while you work through your development options. With high-density zoning, it offers plenty of scope for development, whether it’s a multi-dwelling development, holiday homes, or a stunning luxury residence, the possibilities are endless - create a luxurious lifestyle or capitalize on a high-demand rental market. Don’t miss this rare chance to invest in one of Queenstown’s most sought-after locations.