The landholding in Lodge Rd, at Jacks Point, encompasses more than 24ha, 4ha of which have been allocated as a "special purpose zone" for comprehensive development.
That zoning supports commercial activity, such as visitor accommodation, conference and meeting facilities, restaurants and day spas, while the site has no minimum lot size or site coverage restrictions.
The property is being marketed by New Zealand Sotheby’s International Realty.
Sales associate Matt Finnigan said the land was the only remaining luxury development site in Queenstown with large-scale space, privacy and extensive lake views.
"This is a property that has long been in the sights of ultra-luxe global resort brands. It is one of the most superior sites in Queenstown for a high-end resort development," Mr Finnigan said.
The land sits above Jacks Point Preserve, an exclusive neighbourhood of homes worth up to $20 million, while the Jacks Point golf course is its immediate neighbour.
A golf deed exists between the site and golf course owner to negotiate specific golf-playing rights for the owner, operator and guests or residents of Lodge Rd.
The property is for sale by tender, closing at noon on March 28.
