Back to Dunedin, New Zealand

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

48 Tidewater Drive, Lower Portobello, Dunedin City, Otago - Photo 2
48 Tidewater Drive, Lower Portobello, Dunedin City, Otago - Photo 3
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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 Maps

Living 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
See all New Zealand listings

New Zealand at a glance

How New Zealand scores for American expats

💰Cost of Living
Expensive
🛡️Safety
Very safe
🗣️English Spoken
Widely
🏥Healthcare
Excellent
🌬️Air Quality
Clean
📶Internet
Moderate
🚶Walkability
Moderate
🚇Transit
Limited

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.

1

Understand the buying rules

Foreign ownership laws vary wildly by country. Some welcome you, others restrict or ban foreign buyers entirely.

2

Sort out your visa

Owning property doesn't give you the right to live there. Research residency options before you buy.

3

Plan your finances

Understand currency risk, international wire transfers, and whether you can get a local mortgage.

4

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.

5

Set up healthcare

Medicare doesn't cover you overseas. You'll need international health insurance or a local plan.

6

Run the full checklist

Banking, mail forwarding, power of attorney, pet import rules — the complete pre-move checklist.

Source

realestate.co.nz

Portal listings

Currency

NZD