Back to Gisborne, New Zealand

166 Main Road, Matawhero, Gisborne, Gisborne

Gisborne, New Zealand

Guide Price

$1,711,000

2,900,000 NZD

PROPERTY TYPE

house

BEDROOMS

4

BATHROOMS

3

166 Main Road, Matawhero, Gisborne, Gisborne - Photo 2
166 Main Road, Matawhero, Gisborne, Gisborne - Photo 3
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Description

Discover the perfect blend of lifestyle living and business success on the edge of the first city in the world to see the sun. Nestled among the vines in one of New Zealand’s renowned wine regions, this exceptional property offers an enviable lifestyle with multiple income streams, just minutes from the CBD yet surrounded by tranquil rural beauty. The residence is a beautifully appointed executive three-plus-one-bedroom home designed for modern living and effortless entertaining. Featuring a renovated kitchen and multiple spacious living areas, an expansive outdoor entertainment zone featuring a full outdoor kitchen, spa pool, heated swimming pool, and heating for year-round enjoyment, and a high-stud secure shed with mezzanine and workshop. Every detail exudes comfort, style, and functional lifestyle living. The cottage is an immaculate, fully furnished two-bedroom guest cottage, currently operating as a successful Airbnb, providing a steady stream of passive income. The Vines business and premises is a well-established and highly regarded restaurant, café, and cellar door, celebrated for its quality, charm, and loyal patronage and boasting a relaxed dining experience that combines exquisite flavours with stunning vineyard views. The business presents a recognised local brand with a strong following, a fully equipped commercial kitchen and an expansive marquee venue ideal for weddings, events, and banquets – catering for up to 200 guests. This property presents an opportunity to enjoy the best of both worlds – idyllic lifestyle living while running a thriving hospitality business, or lease the commercial premises for a solid, passive return. Savvy investors may choose to continue the current enterprise or reimagine this unique venue to meet growing regional demand for boutique events, wellness retreats, or vineyard experiences.

Location

Open in Google Maps

Living in Gisborne

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

Simon Bousfield - Bousfield MacPherson Ltd (Licensed: REAA 2008) - Bayleys, Gisborne

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