The more valuable properties around the world invariably have an association with water.

Waterfront property has maintained its valuable status by nature of the limitation of coastline, lakeside and shoreline.

Properties that are at the edge of earths living water fall not only into a rare but also a most valuable niche.

This 870sqm. (more or less) property sits within a short 800 metre stretch of harbour front real estate just 2.5 km. from the citys central business district.

It is the equivalent to prestigious Aucklands St Marys Bay; Wellingtons Oriental Bay; Sydneys Rose Bay.

The full title is one of only a few left undeveloped on this water front. The street is home to some of the inner cities more opulent houses and apartments. No. 74 is simply a gilt-edge land bank.

Meanwhile the character home has a strong but simple presence. A front porch weather shelter introduces you to its unmistakable 1940s/50s era. Bold brass door handle, solid brass light fitting and an open fire mantel piece are a constant reminder of its history. The additions of an inground 11 metre pool provide both an exercise and recreational environment in the back yard. The 72 sqm. double garage, work shop and integrated office/studio meets the practical need around the home.

All the living and bedrooms are imbued with the tranquility of a framed view of either the harbour, its entrance from the Pacific Ocean, inner harbour and off shore islands along with the Tauranga marina and iconic Mt. Maunganui.

In its panorama from the alfresco living, the forever changing vista on the tide is as diverse as the range of vessels between a P Class sailing dinghy and an ocean liner, contrasting with the forest greens and silhouette backdrop of Matakana, Rangiwaea, Motuhoa and Tuhua/Major Islands.

However it is only when you are mesmerised by the flashing channel marker lights that guides the shipping up and down the Stalla Passage as day moves into night that you will truly appreciate the value of this location.