In a press release yesterday, the council said the new site would ''provide a variety of facilities for Lake Hayes/Shotover Country residents as well as the wider community''.
The site, at 516 Frankton-Ladies Mile, is a 14.6ha property.
It is currently owned by the Walker family.
According to the council's rating information, the land is valued at $3,600,000 and the improvements - including a five-bedroom, 440sqm copper-roofed house, 320sqm of vehicle/aircraft garaging and an in-ground swimming pool - at $2.81million, adding up to a capital value of $6.41million.
In its statement, the council said the site had both ''strategic and tactical value with an array of uses from recreation and community facilities, to education and transport in an area of significant community growth''.
''QLDC has been regularly exploring land and asset acquisition opportunities that will benefit and respond to existing and future community needs.
''The Ladies Mile property provides a rare opportunity to protect open spaces in the area whilst offering a location for community facilities.''
Mayor Jim Boult said council officers consulted elected members at the appropriate time and the proposed purchase had been well supported.
Due diligence on the purchase is under way and councillors will fully consider the purchase at an upcoming council meeting.
The council said it was also in discussion with potential partners to explore what facilities could be provided on the site.
Mr Boult said final funding would be determined once the council determined exactly how the site would be used.
''We're in the final stages of due diligence and whilst I can't predict the outcome of my fellow elected members' decision-making, I am confident that they will be equally as supportive as I am and will endorse this community-minded purchase.''
The council said it would not comment further until the process was completed.
Earlier this month, the council confirmed it had bought the Butson/Lapsley wharf for an undisclosed sum, rumoured to be $3.8million or $5million, on the basis of its potential use in the future for part of a ferry network infrastructure.
