Seven Marlin Waters homes head to auction

A major Coromandel property developer has passed over the exercise of releasing the last waterfront homes in its unique waterfront development, having made the decisive move to meet the residential real estate market - with seven executive waterfront homes in Whitianga now heading to auction under clear instructions to find the market value and meet it.

Developer resets expectations for remaining homes

Whitianga Waterways Ltd, the company behind the established Marlin Waters development, has dramatically reset its price expectations - offering buyers the opportunity to secure one of the exclusive remaining homes within this sought-after waterfront community at a fraction of previously anticipated prices.

Final new homes in established waterfront community

Located within the sought-after Marlin Waters enclave in Whitianga, these are the final properties available in the 55-plus aged group community. With all homes completed and move-in ready, the developer is now focused on moving forward with future projects creating a renewed determination to secure sales. This is the final opportunity to secure these waterfront homes as the first owner.

Seven properties to be sold individually

Bayleys salespeople Belinda Sammons, Kylie Pullen, and Josh Smith, say the change in the vendor's position represents a genuine opportunity for purchasers who may have previously considered that the properties were priced beyond their budget.

"These remaining waterfront homes represent an opportunity to secure a lifelong dream. Prices will be significantly below new build costs," said Smith.

"Anyone who has looked at these homes before, or perhaps ruled them out based on earlier price indications, needs to take another look. The vendor’s serious reset on price expectation means you don’t want to be the person after the auction saying ‘I wish I had been there.’ That’s a phrase heard too often.”

Whitianga Waterways Ltd is linked to the highly experienced Hopper family, whose extensive development history includes waterfront communities in Pauanui, Whangaparaoa and Marsden Cove. With a presence in Whitianga dating back to the late 1990s, Hopper Developments has played a significant role in shaping the town's residential waterfront landscape. The sale of the seven Marlin Waters homes will allow capital to be directed towards other planned developments.

Three-bedroom homes designed for easy living

The properties themselves offer a combination of modern design, quality finishes and low-maintenance living within an established waterways community. Each approximately 171-square metre home features three bedrooms, including a master suite with walk-in wardrobe and ensuite. Spacious open-plan living and dining areas connect with an entertainer's kitchen complete with a butler's pantry, while generous outdoor decking provides space to relax or entertain. Internal-access garaging and additional off-street parking offer practicality for those with boats and visiting guests.

Waterways community includes boat access and clubhouse

The wider Marlin Waters development comprises approximately 65 single-level villa-style residences, with a network of landscaped walkways and cycle paths following the canals. Residents also enjoy access to private boat ramps and a floating clubhouse hospitality venue, adding to the appeal of this established community.

Beyond Marlin Waters, Whitianga continues to attract holidaymakers, boating enthusiasts and permanent residents drawn to its relaxed lifestyle, beautiful beaches and proximity to attractions including Cathedral Cove and Hot Water Beach.

Sammons says the upcoming auction is an opportunity which buyers should not overlook.

"There's a real shift in the vendor's expectations, and we want buyers to understand just how motivated the vendor is. Whether you've viewed these properties before or are discovering them for the first time, now is the time to get involved," Sammons said.

Auction scheduled for 26 November

All seven properties will be offered for sale individually by auction on 26 November at Bayleys' Hamilton office.