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Lagoonfront Paradise Island Bay Villas Estate Rarotonga For Sale

Rarotonga, Cook Islands
Asking Price:
$1,995,000 (NZD) Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

Fabulous opportunity to acquire a stunning waterfront gated estate with absolutely pristine white sand beach in a highly sought-after area of Rarotonga, the capital island of the Cook Islands. Rarotonga is a short flight from New Zealand and Australia in the beautiful South Pacific region.

Set on half-acre prime estate in renowned Muri Beach, this extraordinary holiday accommodation comprises of a 3-bedroom master villa and separate 1-bedroom self-contained villa, each with breathtaking views of the turquoise blue lagoon and Ta’akoka Islet.

The master villa features: a beautiful entrance hall, 3 en-suite bedrooms including an upstairs master suite with spa-bath and private balcony overlooking Muri lagoon & islets and pool area, designer kitchen with breakfast bar island and dining area, lounge with superb seaviews, private outdoor courtyard, swimming pool & barbeque area, and private residential quarters for a live-in housekeeper & maintenance/groundsman.

Designed for spacious indoor/outdoor living, most rooms boast wide verandahs opening onto an expanse deck for relaxing and entertaining with a stunning seaview backdrop. Beautiful high ceilings are featured throughout much of the residence with exposed beams and ceiling rafters and woven matt lining adding tropical Polynesian charm.

Neatly tucked away on the property is a separate 1-bedroom self-contained cottage with its own private entrance and featuring two outdoor entertaining areas.

Both villas are currently rented on the short-term let market as an upscale 4-bedroom/4-bathroom holiday home within the Golden Mile stretch known to be the most popular tourist destination on Rarotonga. Excellent potential exists for the new buyer to easily grow current returns.

Listing Price reduced to NZ$1,995,000 +vat (was NZ$2,390,000 + vat)

Value added tax is calculated at 15% and is reclaimable after the first month of trading.

Property Information

Real Estate:

Lease

Living Accommodation:

1-bedroom self-contained flat is attached to the master villa

Location:

Island Bay Villas has an outstanding location at the edge of renowned Muri lagoon at the southern end of Rarotonga, the capital island of the Cook Islands. Within the Golden Mile known to be the most popular tourist destination on Rarotonga. Also located on the protected side of the island, which has spectacular sunrises, rising moon over the water, and the afterglow of spectacular sunsets.
This private retreat is just 2 minutes’ stroll of Mai’i Central and Mai’i Hub, two commercial complexes which offer a range of amenities including 2 restaurants, rental car store, grocery store, liquor outlet, bakery & deli, beauty clinic and BoxFit gym. Within a 10-minute stroll are other excellent restaurants and cafés, spa facilities, Muri Night Market, Te Ara Cultural Museum, and other amenities.

Premises Details:

Half-acre gated estate (2,070 sqm) set amongst majestic palms and lush tropical gardens on an absolutely pristine white sandy beach. Comprising of a 3-bedroom master villa and separate 1-bedroom self-contained villa. Attached to the master villa is a private residential quarters for a live-in housekeeper & maintenance/groundsman.

Size in square feet:
22,281

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