Lawyer and winery owner, Peter Yunghanns is selling the 5071 hectare Yalouk Estate near Ballan, 78 kilometres north-west of Melbourne.
The guide is more than $50 million.
The offering contains an 1890s homestead with six bedrooms, a library, and multiple sitting rooms.
Another seven houses, wind farm turbines and farm land, are contained too.
The Yalouk Polo Club tournament was established at the site by Mr Yunghanns in 1980.
Guests known to have attended this event included AFL chief executive officer Gillon McLachlan and TV personality Catriona Rowntree (pictured below, right).
The property’s selling agents are promoting the Fiskville parcel as “the biggest land bank sale in recent history”.
“A diverse range of domestic and international buyers are set to compete”, according to Colliers International’s Duncan McCulloch. He is marketing it with co-agent James Beer and Kidder Williams’ David Williams and Tim Faulkner.
At 4662 Geelong-Ballan Road, the property is about 45 km from Ballarat.
“Currently operated as a highly productive cropping and grazing enterprise, the property represents an unprecedented land bank opportunity with outstanding future potential,” the brokers said.
Land bankers, high net worth individuals and developers are expected to show an interest.
“Melbourne has become one of the fastest-growing cities in the developed world, racing away from the rest of Australia and doubling the rate of growth of most cities in advanced economies,” Mr McCulloch said.
“The continued expansion of the City of Melbourne provides a unique opportunity for an astute long-term investor to capitalise on this outstanding growth opportunity, given both the ideal location of Yaloak Estate and the sheer scale of the landholding,” according to the executive.
“This represents the biggest land banking opportunity to come to the market in recent years,” Mr McCulloch said. “However, it is also a highly productive agricultural enterprise and, as such, we anticipate an influx of interest from a wide range of buyer groups”.
About 2003 hectares of Yalouk Estate is arable.
“Most of the grazing land has been further improved with perennial pastures as well as some areas with bi-annual pastures, together with a comprehensive fertiliser regime,” Mr Beer said.
“In addition, substantial soil improvement programs including sub-soil manuring have historically been undertaken, allowing Yaloak Estate to boast some of the highest yielding crops in the state”.
The property also includes a wind farm agreement which provides an income.