Imagine walking into a pub for a casual drink and walking out with a life-changing real estate deal. That’s exactly what happened to Toby Baxter, a builder who stumbled upon the opportunity of a lifetime in the most unexpected way. But here’s where it gets even more intriguing: the deal included not just land or buildings, but a cave—a cave with untapped potential that could transform into a dream venue. How did a simple pub conversation lead to such a unique purchase? Let’s dive in.
In 2023, Toby Baxter found himself at the Hurunui Hotel in North Canterbury, New Zealand’s South Island, after a weekend of scouting land in Little River. His search had been hit-or-miss—he’d even made a spontaneous offer on a property only to withdraw it later. Exhausted but determined, he stopped for a beer, unaware that fate was about to intervene. A chat with the pub’s owner, Adam Martin, revealed that Martin was selling a nearby property. Baxter’s curiosity piqued when he heard about the cave.
And this is the part most people miss: Baxter didn’t just see a cave; he saw potential. “That cave is a gold mine,” he told OneRoof. “If it’s finished and renovated, it’ll be a perfect venue for weddings, functions, even a heli-hunting lodge.” The previous owner had tried to turn it into a wine tasting room but never completed the project. Baxter, however, saw an opportunity to bring it to life.
In a handshake deal—a move that feels almost nostalgic in today’s formal real estate world—Baxter agreed to purchase the property. For NZ$690,000 ($584,000), he acquired the cave, two replica 1880s cottages, and five hectares of land. Since then, he’s transformed the cave into a stunning wine cellar and added amenities to host private events, particularly weddings. But now, the builder is ready to move on.
Here’s the controversial twist: Baxter admits he’s not the one to “deal with bridezillas.” As a passionate surfer with business interests in Australia, he’s stepping aside to let someone else take the reins. “I’ve set it up for someone who’s passionate about marketing the property,” he said. Is this a missed opportunity, or a smart move to focus on what truly matters to him? We’ll let you decide.
The property is now on the market with Harcourts agent Michelle Singh, who describes it as a “turnkey operation.” Fully furnished cottages, complete with everything from knives and forks to bed linen, are included. But there’s also room to expand, making it a dream for the right buyer. Could this be the next big venture for someone with a vision? Only time will tell.
What do you think? Is Baxter’s decision to sell a wise move, or is he letting go of a golden opportunity? Share your thoughts in the comments—we’d love to hear your take on this unique story!
