PHOTO: The undeveloped land at 5 Oceanbeach Road, Mt Maunganui is a “rare treasure.” photo / Bayleys

A quintessential Kiwi bach with a mature pohutukawa tree on one side and a white sand beach on the other is on the market for the first time in 50 years.

The tiny beachfront property at Mt Maunganui is expected to fetch millions.

The humble one-bedroom home on Oceanbeach Rd – right on the water – has been coveted by locals for five decades with numerous offers to buy the slice of paradise.