A farm on a beautiful peninsula in the Bay of Islands is up for sale and likely to have a multimillion-dollar price tag.

The 606 hectares on Purerua Peninsula, 25 minutes from Kerikeri, is currently a sheep and beef farm run as a fattening and breeding unit. The property borders the Pacific Ocean and has north-facing views.

While there are no details about the price of the property in advertising material it is expected to be several millions.

Expressions of interest are being asked for by February 2.

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The property is being marketed by Legacy Partners who market some of the most iconic and exclusive waterfront real estate in New Zealand.

Another farm on Purerua Peninsula has already been turned into an exclusive farm park for the super-wealthy.

Former Northland man Peter Cooper, who appears on New Zealand's rich list frequently, is behind an exclusive $450 million development called Mountain Landing. The 340-hectare farm park is steeped in Maori history and was occupied by the country's first missionaries.

Mr Cooper preserved the historic sites while carving out 39 sections with multimillion-dollar price tags. He was instrumental in developing the Britomart transport hub in downtown Auckland.

In 1989 he quit corporate management in New Zealand, and with wife Sue and five children moved to California.

He commutes between homes in California and Auckland.