Clifftop Flinders rural icon Pinnacle Park listed

The tightly held Flinders rural icon, Pinnacle Park has been listed for sale.

Offers are due 15 June with Kay & Burton. More than $15 million is likely.

"It represents a once in a generation opportunity," listing agents Andrew Hines and Gerald Delany said.

The cliff top estate with three homes comprises 70 hectares - 174 acres - of rural land with six green wedge titles.

With frontage onto Bass Strait, it has operated as a cattle-grazing farm.

The property is currently exempt from land tax.

Pinnacle Park is available for the first time in more than 55 years since bought by the McHale family, best known for their association with the Collingwood AFL club.

Back in 2006 Gerald Delany sold the 20-hectare property at 4445 Frankston-Flinders Road, known as Solitaire, for $8.65 million.

The vendor, John Nilsen was the former owner of the former radio station 3UZ who had paid less than $1 million for the property two decades earlier.

Flinders last big sales involved fund manager Richard Fish and his wife Anne who bought from barrister John Walker for $10.25 million and sold their estate on 22 hectares on Punchbowl Road, Kaloon Park through Andrew Hines for $3.6 million last October.