A house builder has been identified by Highland Council as its preferred bidder for a 86 acre (35 hectare) site near Nairn.
Huntly-based Deveron Homes has offered more than £14m for the land at Sandown. The deal is subject to conditions - including planning permission.
Housing, a business park and a wetland feature are planned for the farmland either side of the A96.
Councillors will be asked to approve Deveron Homes' bid on 1 March.