This Abandoned Waterfront Village in New Zealand Could Be Yours for $1.8 Million

Posted by On 9:45 AM

This Abandoned Waterfront Village in New Zealand Could Be Yours for $1.8 Million

If the thought of having a charming lakeside village all to yourself appeals to you, check out this listing in New Zealand. As The Guardian reports, Lake Waitaki Villageâ€"an early-20th-century community that has sat practically abandoned for decadesâ€"is currently on the market for about $1.8 million.

Lake Waitaki Village was constructed in the 1930s to accommodate workers constructing the Waitaki Dam in southern New Zealand. The settlement continued to house people through the following yearsâ€"boasting a population of 3000 at its peakâ€"but since the dam became automated in 1989, it's been a virtual ghost town. The government sold Lake Waitaki to a private buyer in 1991, and in 1995 the village was declared a protected historical site. It's been bought and sold several times in recent decades.

The residents may have left the area, but Lake Waitaki Village still resembles a small community from the outside. The listing includes eight three-bedroom houses, nine garages, a lodge, a restaurant, and water rightsâ€"all on 35 acres of land. In addition to the real estate, the new owner will also get stunning views of the lake and surrounding mountains.

New Zealand recently passed a law forbidding foreign non-residents from buying homes in the country, but despite the new restriction, the village has received plenty of interest from potential buyers. If you live in New Zealand, even part-time, you can make an inquiry about the listing here.

[h/t The Guardian]

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