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There is something about Rainbow Point that has never really changed. Established as one of Taupo’s original lakeside neighbourhoods and loved by generations of holidaymakers and locals, it still carries that relaxed, slightly nostalgic feel that makes living near the lake so appealing. Here, that lifestyle comes with something increasingly valuable; land, privacy and options for the future. Set on a generous, fully fenced section, this classic weatherboard home is an easy place to settle into and enjoy. Established trees to the front and rear provide welcome privacy, while full-day sun and a large garden create the kind of outdoor space that is becoming increasingly hard to find. A deck at the rear offers an easy spot for summer barbecues, long afternoons outside and evenings with friends. Inside, the proportions are a pleasant surprise. Three seriously generous bedrooms sit alongside an expansive combined lounge and dining area, with a wood burner adding warmth and character. Freshly painted throughout with new carpet underfoot, the home feels light, comfortable and ready to enjoy. The good-sized kitchen has a modern feel with plenty of cupboards and storage, while the updated bathroom includes both a bath and separate shower. Outside, a substantial double garage incorporates a sleepout, adding another useful dimension to the property, with a woodshed and plenty of room remaining for children, pets, gardens or simply space around you. But perhaps the real story here is what comes next. For those thinking longer term, the size and position of the land may offer subdivision or redevelopment possibilities, subject of course to the necessary council approvals. Keep the home and enjoy the space. Explore subdivision. Hold it as an investment. Or look ahead to an entirely new use of the site in years to come. And then there is the location. Around a five-minute walk from the edge of Lake Taupo, in a quiet Rainbow Point street where established homes and mature surroundings sit alongside an increasing number of impressive new builds. For an investor, developer or buyer who understands the value of land in an established lakeside neighbourhood, this is one to look at closely. Secure it now, enjoy or earn from it in the meantime, and decide what the next chapter looks like when the time is right. Some opportunities are worth holding onto before everyone else sees what they could become. Contact me for an appointment to view. * Boundary lines are indicative only. AUCTION: 2:00 p.m. Tuesday 27 October 2026 NZSIR Taupo Office (unless sold prior)