Takapuna home is most expensive

16:00, Jan 26 2013
19 O'Neills Ave
MOST EXPENSIVE: 19 O'Neills Ave in Takapuna has been named as New Zealand's most expensive house.

A Takapuna home that sold for a rumoured $14 million has swooped in to claim the title of most expensive house sale of 2012.

Quotable Value (QV) last week crowned a $9.1m Milford home as the most expensive sale of the year but Sunday Star-Times inquiries found a bigger sale for which details had not yet reached QV. The property at 19 O'Neills Ave, formerly owned by Sky TV founder Craig Heatley, sold in early December to Mark Stewart, businessman and son of Sir Robertson Stewart who founded Christchurch plastics and electronics company PDL.

The beachfront property features 1125sqm of buildings on a 4396sqm section. It has a rateable value of $13.8m but sources suggest a sale price around $14m.

The Stewarts made their fortune in Canterbury where Sir Robertson's wife Adrienne, Lady Stewart, is now a patron of the arts. Mark Stewart is an investor in upmarket pet food company ZiwiPeak.

Heatley, estimated in 2011 to have a fortune of $220m, set up theme park Rainbows End and has been involved in INL, Kathmandu, Hirepool, Woosh Wireless and Masport. He owns a private jet and several properties around the world, though he has been involved in a protracted divorce settlement with ex-wife, Katherine.


Sunday Star Times