Could this be Australia's priciest patch of dirt at $34,500 per square metre?

A vacant block perched high above Noosa Heads has hit the market with a jaw-dropping $25 million price guide, positioning it as one of the most expensive pieces of residential land ever listed in the region - at around $34,580 per square metre.

The 723-square-metre allotment at Lot 50 Picture Point Crescent, dubbed "Skyfall", sits atop the north-facing ridge of Noosa Hill and commands panoramic views that sweep from Laguna Bay to the hinterland.

The vendor, who subdivided the site after a decade of ownership, said the position was unlike anything else in Noosa.

"I'd just never seen anything like this before," they said. "I called it Skyfall because when you stand on the edge looking over all of Noosa, you feel like you could literally fall into the sky."

Nestled between nature and the coastline, the exclusive lot offers direct access to Hastings Street and Noosa Main Beach, putting the heart of Noosa's luxury lifestyle within easy reach.

While multi-million-dollar sales are nothing new to Noosa's prestige property scene, Skyfall's price guide could see it set a new record for land value per square metre, outpacing recent benchmark sales in the $20,000-$30,000 per square metre range.

With building and subdivision approvals already in place, the land has been master-planned to accommodate two luxury homes, each on a 723-square-metre parcel.

The lot also benefits from a 12-metre height limit, offering the rare chance to build a showpiece residence with uninterrupted views across the ocean, river and hinterland.

Award-winning designer Chris Clout has developed a series of exclusive home concepts for the site, providing potential buyers a glimpse into what a future Skyfall residence could become - a world-class statement of coastal architecture.

Local agents say the listing represents more than a land sale - it's an opportunity to secure a piece of Noosa's most prestigious real estate, where demand for space, elevation and privacy remains fierce.

If sold at its guide price, Skyfallwould not only redefine the top end of Noosa's luxury market but could also claim the title of the highest price per square metre ever achieved for vacant residential land in Noosa Heads.

How Skyfall compares to recent Noosa sales

1. 40 Noosa Parade, Noosa Heads - sold $20.5 million (2024)

A 610 m waterfront parcel sold for $20.5 million, equating to roughly$33,600 per square metre. The sale was widely reported as one of the suburb's most expensive residential holdings at the time.

2. 17 Webb Rd, Sunshine Beach - sold for $34m (2021)

A trophy oceanfront residence on a 625 m block, working out to $54,400 per m, remains one of the Sunshine Coast's priciest per-square-metre sales - though not a vacant parcel.