The Dunedin City Council is seeking public feedback about the future of Hereweka/Harbour Cone.
The council bought the 328ha property in 2008 "to protect its significant landscape, ecological, heritage and cultural values and in recognition of its potential recreational and tourist values".
It is looking to update a 2012 management plan.
The property includes a hiking track to the cone summit, pasture cover and historical ties to nearby Larnach Castle.
A 2008 report described the property as having potential to offer Dunedin citizens and tourists "a glimpse of an intact historic landscape typical of 19th- and early 20th-century settlement on the Otago Peninsula".
Kāi Tahu have also had a long association with the area.
In 2015, a memorandum of understanding was signed between the council and a management trust board.
The council said in a report last month a comprehensive review would ensure the plan was relevant regarding issues, opportunities, technology and best practices.
The property is not classified as a reserve, but the council is using a process described in the Reserves Act.
"This will maintain consistency with other management plans and ensure a robust public consultation process," the council said.
The initial consultation period runs until August 18.
