{"id":120870,"date":"2025-11-06T10:07:08","date_gmt":"2025-11-06T10:07:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/120870\/"},"modified":"2025-11-06T10:07:08","modified_gmt":"2025-11-06T10:07:08","slug":"the-high-country-station-that-could-be-yours-for-50-million","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/120870\/","title":{"rendered":"The high country station that could be yours, for $50 million"},"content":{"rendered":"

By Katie Todd of RNZ<\/a><\/p>\n

One of the country’s most storied high-country stations is on the market.<\/p>\n

Offers of $50 million or more are being sought for Mt Algidus Station, a 22,120-hectare property in the Southern Alps.<\/p>\n

Author Mona Anderson lived on the property for 33 years, and detailed her time there in\u00a0the book\u00a0A River Rules My Life.<\/p>\n

The station – secluded at the confluence of the Wilberforce, Rakaia and Mathias rivers near Canterbury’s Lake Coleridge – was also home to politician William Rolleston in the 1860s.<\/p>\n

Sotheby’s International Realty sales associate Matt Finnigan said the vendors, who had lived there for two decades, had added a four-bedroom residence with living areas, a library, drawing room, office and pool cabana, as well as a two-bedroom flat.<\/p>\n

The property also included a three-bedroom farmhouse for guest accommodation – with an additional out-house bedroom and standalone bedsit, along with a woolshed and sheep yards, the old shearers’ quarters and other dwellings.<\/p>\n

“You very seldom find high country farms that have had this level of capital investment in terms of infrastructure and staff housing and industry farming improvements,” Finnigan said.<\/p>\n

Sotheby’s was marketing the property domestically and internationally with an advertising campaign in\u00a0The New York Times.<\/p>\n

New Zealand buyers were still the primary audience, Finnigan said.<\/p>\n

“If you look at the last seven years or so, [Overseas Investment Office] applications have been almost non-existent for such properties. What we have realised is actually there’s a large expat database there. You just need to look at our sales for that period – they’ve all been Kiwi or resident buyers.<\/p>\n

“So advertising offshore, as we do with all our good real estate, captures that audience.”<\/p>\n

The station was a working high-country farm with high stock units and a small permanent staff, Finnigan said. But he expected prospective buyers would be attracted by its history and lifestyle opportunities.<\/p>\n","protected":false},"excerpt":{"rendered":"By Katie Todd of RNZ One of the country’s most storied high-country stations is on the market. Offers…\n","protected":false},"author":2,"featured_media":120871,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[42,43,40,38,41,39],"class_list":{"0":"post-120870","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-headlines","8":"tag-headlines","9":"tag-news","10":"tag-top-news","11":"tag-top-stories","12":"tag-topnews","13":"tag-topstories"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/120870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=120870"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/120870\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/120871"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=120870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=120870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=120870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}