Back to Gisborne, New Zealand

401/4 Reads Quay, Gisborne, Gisborne, Gisborne

Gisborne, New Zealand

Guide Price

$587,050

995,000 NZD

PROPERTY TYPE

Condo

BEDROOMS

3

BATHROOMS

2

401/4 Reads Quay, Gisborne, Gisborne, Gisborne - Photo 2
401/4 Reads Quay, Gisborne, Gisborne, Gisborne - Photo 3
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Description

Now priced to impress, this newly completed penthouse apartment delivers an extraordinary opportunity to secure premium coastal living without the premium price tag. Come home and experience the height of sophisticated urban living in this exceptional top-floor residence within the MarinaView building. Designed for those who value luxury, convenience, and breathtaking outlooks, this stunning apartment offers a truly effortless, no-maintenance lifestyle. Every inch of this spacious penthouse has been thoughtfully crafted to appeal to discerning tastes. The open-plan living area is bathed in natural light from expansive floor-to-ceiling windows, creating a bright, airy atmosphere that feels both welcoming and serene. Whether you're relaxing in peace or entertaining guests, this space offers seamless functionality with refined style. The master suite is a private sanctuary, complete with a beautifully appointed ensuite and a walk-in robe, delivering both comfort and practicality. Two additional upstairs bedrooms provide generous accommodation for family or guests, each filled with light and designed for rest and relaxation, and complemented by a second bathroom. At the heart of the home, the modern kitchen showcases premium finishes and a sleek design that makes everyday cooking and entertaining a pleasure. It flows effortlessly into the living and dining areas, ensuring connection and ease for any occasion. Step outside to the spacious deck and take in breathtaking sunsets over the sea and Young Nick’s Head. Whether it's alfresco dining, casual gatherings, or quiet evenings under the open sky, this outdoor space is simply unforgettable. Residents also enjoy access to a communal pool area, adding another layer of lifestyle appeal. With Code Compliance issued a year ago along with a newly reduced price, this penthouse represents outstanding value—offering luxury, privacy, and convenience all in one remarkable package. Secure your slice of million-dollar views—without the million-dollar price tag.

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

Jenny Murray - 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