Peter Thiel’s Queenstown mansion on the market

Peter Thiel’s Queenstown mansion on the market

Master Builders Southern Supreme House of the Year

There’s plenty to love about this multi award-winning house outside Queenstown, built by DCD, winner of Master Builders Southern Supreme House of the Year Award.

Peter Thiel’s​ multi-million dollar Queenstown mansion is back on the market.

The house is known as the “plasma house” for the 15 metres of floor-to-ceiling windows presenting views of Lake Wakatipu.​

Thiel’s​ company, Second Star Ltd, paid $4.8 miollion for the five-bedroom Edinburgh Drive home back in 2011.

Now the real estate agents who sold Thiel​ the house are selling it again.

Andrew Wall​ of Wall Real Estate​ estimates the house will sell for around $6m, a price he said was extremely well valued.

“Given the kind transactions we make in Auckland City, this is a lot of house for that kind of money,” Wall​ said.

“It’s the best of the best with everything, as you’d expect from a billionaire. Aside from the best view, everything is designed with comfort and finesse,” Wall​ said. Thiel’s company, Second Star Ltd, paid $4.8m for the five-bedroom ‘plasma house’ on Edinburgh Drive home back in 2011. Wall​ said he has spent the day taking buyers through the property.

“A few people are quite seriously interested, and are already jostling for position. It hasn’t sold yet, but I don’t think it will take long, this house has had a lot of attention,” said Wall​.
The house was designed by Queenstown architect Marc Scaife​ and built by Naylor Love​ for a former local developer, Rod Nielsen​. The ‘plasma house’ is currently being rented as a holiday home for $1600 per night. The exterior features 18 tonnes of Swiss granite, while the interior includes veneer panelling from Australia and bathroom fixtures from Italy.But the house’s crowning glory is its premium location atop a rocky schist outcrop.“It’s the best location. Sitting up on Queenstown hill you are right under Coronet Peak, but you are also right in the city and have all the best restaurants on your doorstep. I honestly think it is the best spot to be when you are down here,” Wall​ said.It’s currently rented as a holiday home for $1600 a night, for a minimum of three nights. From the big moments in the boardroom to the little questions on your credit card, the Stuff business team keeps you across what’s happening in our economy and how it affects you. We help small businesses prosper, we analyse the stock market, we challenge experts on the housing crisis, and we explain finances for everyday Kiwis. If Stuff is a regular source of business and finance news for you, please consider becoming a supporter. You can make a contribution from as little as $1. Chris and Mellinda Fitzgerald at their partially-built container home. The couple have been left in the lurch after […]

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