Team NZ boss expected to get close to $3.5m for Queenstown and Karaka sections.

Team New Zealand boss Grant Dalton is selling some of his $12 million property portfolio.

The 56-year-old has put on the market two vacant sections which he bought years ago, but his $7.65 million home in the heart of Remuera and his Queenstown holiday house remain in his possession.

A 4331sq m lot at The Peak Estate in Queenstown is for sale by negotiation, but expected to go for more than the $2.5 million he bought it for in 2007.

Minutes from ski fields and the airport, the lot on Pinnacle Place is the biggest available in the gated community of 12 sites.

Grant Dalton. Photo / NZ Herald
Grant Dalton. Photo / NZ Herald

The spot enjoys "absolutely breathtaking uninterrupted views" of Lake Wakatipu and Queenstown village, as well as the Remarkables mountain range, Cecil Peak and Mt Nicholas.

The listing by Sotheby's real estate agent Mark Harris encourages the buyer to "build your dream home in this fantastic elevated site, utilising over an acre of outstanding land and arguably central Queenstown's number one house site, only two minutes from Queenstown village".

All owners share the health and fitness complex, which includes a heated pool, spa, sauna, steam room, gym, kitchen, barbecue, and shower and changing facilities.

Dalton's name is on the title along with GSD Trustee Limited - a company registered to an Auckland address.

The sailor, whose team lost the 34th America's Cup to Oracle Team USA last year, and his wife Nicola are also selling a 5.09ha block of land on Karaka's Aulyn Drive.

They are asking $965,000, just above the valuation of $950,000, which was set in 2011.

It is fenced into eight paddocks and Harcourts real estate agent Lynn Lockhart encourages buyers to "create your dream estate and build to the views of the harbour".

Dalton also owns a $7.65 million property in Remuera. He bought the five-bedroom 1900 weatherboard with his wife for $4.8 million in 2004.

Aulyn Drive, Karaka.
Aulyn Drive, Karaka.

And he has a $1.395 million, three-bedroom holiday home in Queenstown. That brings his portfolio to a total of $12.14 million, using the latest valuations of sales prices.

Dalton did not respond to requests for comment.

His name is jointly on the title of a $1.1 million three-bedroom home in Devonport on Auckland's North Shore with Grant and Fiona Armstrong of North Shore Construction, as well as a two-bedroom property in nearby Narrow Neck. Mr Armstrong told the Herald he was just a trustee for the properties.