48 Tidewater Drive, Lower Portobello, Dunedin City, Otago
Dunedin, New Zealand
Guide Price
$318,420
549,000 NZD
PROPERTY TYPE
house
BEDROOMS
2
BATHROOMS
1
Description
Wake up to the sound of the sea and soak in panoramic harbour views from this charming two-bedroom, two-storey waterfront home in the heart of Portobello, Dunedin. This is more than just a home - it's a lifestyle. Enjoy your morning coffee on the sun-soaked deck as the water sparkles below or unwind in the evening with sunsets that paint the harbour in gold. Inside, the layout makes the most of natural light and coastal views. Built in 1997 the open plan living and dining area flows seamlessly to the deck, creating an effortless indoor-outdoor flow, perfect for entertaining or relaxing. The modern kitchen is well equipped, and both bedrooms are comfortable retreats with a calming outlook. Downstairs also
features a large internal access garage, a separate toilet, and a range of warm and spacious utility rooms, plus ample storage. Step outside and you'll find a large, private backyard - ideal for kids, pets, or those who love to garden. There's space to breathe, space to play, and space to make it your own. Located just minutes from Portobello village, local cafes, the Peninsula walking and cycling tracks, and a scenic drive to Dunedin City, this property offers the perfect balance of tranquillity and convenience. Whether you're after a peaceful home, a holiday escape, or a savvy investment, this waterfront gem ticks all the boxes. Key
Features: • Two-storey design with stunning harbour views • Two bedrooms, one bathroom • Spacious open plan living • Large sunny deck overlooking the water • Expansive backyard with potential • Prime Portobello waterfront
location Don't miss this rare opportunity to secure your slice of Otago Peninsula paradise.
Location
Open in Google MapsLiving in Dunedin
Morning surf before work, weekends tramping through Lord-of-the-Rings landscapes, and a laid-back culture where shoes are optional and nature is never more than ten minutes away.
Visa
Skilled Migrant Category Resident Visa — points-based system requiring a skilled job offer in NZ. New pathways opening August 2026 for trades workers and those with 5+ years experience. Accredited Employer Work Visa is the faster route if you already have a job offer.
Learn more: The Complete Guide to Moving to New Zealand→Key Fact
NZ has strict biosecurity laws — importing food, plants, or outdoor gear can result in heavy fines. The work-life balance is exceptional, but the job market is small and remote from everywhere.
Learn more: What You Need to Know Before Moving Abroad→New Zealand at a glance
How New Zealand scores for American expats
Cost of buying in New Zealand
Estimated fees and ongoing costs for this property
Closing Costs
3-5% of purchase price
- ·No stamp duty
- ·Legal/conveyancing: NZ$1,500-3,000
- ·Building inspection: NZ$500-800
- ·LIM report: NZ$300-400
Annual Costs
Property Tax
0.3-1.5% of government valuation (varies by council)
Insurance
NZ$1,500-3,000/yr
HOA / Condo Fees
NZ$300-600/mo for apartments (body corporate)
Good to Know
Agent Fees
Seller pays (2.5-4%)
Foreign Buyer Note
Foreign buyers BANNED from existing homes (2018 ban). Can only buy new-build apartments in large developments.
Legal help in New Zealand
Hire your own attorney — not the seller's. We'll match you with a vetted local lawyer.
Need a local attorney in New Zealand?
We'll connect you with an independent, English-speaking real estate attorney experienced with foreign buyers. Not the seller's lawyer — yours.
Contact Agent
Josh Clark - Edinburgh Realty Ltd (Licensed: REAA 2008) - Dunedin
Next steps for moving to New Zealand
Interested in this property? Here's how to move forward.
Understand the buying rules
Foreign ownership laws vary wildly by country. Some welcome you, others restrict or ban foreign buyers entirely.
Sort out your visa
Owning property doesn't give you the right to live there. Research residency options before you buy.
Plan your finances
Understand currency risk, international wire transfers, and whether you can get a local mortgage.
Know your tax obligations
US citizens are taxed on worldwide income. You'll need to file US taxes from abroad and may owe local taxes too.
Set up healthcare
Medicare doesn't cover you overseas. You'll need international health insurance or a local plan.
Run the full checklist
Banking, mail forwarding, power of attorney, pet import rules — the complete pre-move checklist.
realestate.co.nz
NZD


