Salford Council and leaseholder MHE Investments have agreed to sell the 64-acre site in Little Hulton to an unnamed developer subject to a price being agreed.
MHE won outline planning approval for a scheme to build 677 homes on the former golf course, which straddles the boundary between Salford and Bolton and closed in 2016. Designs have been drawn up by Baldwin Design Consultancy.
The architect counts housebuilders Taylor Wimpey, Wainhomes and Redrow among its North West clients.
The preferred developer, which the council and MHE have yet to name, is undertaking ground investigations at the site.
Once this work is completed, the parties aim to agree a price for the purchase. The proceeds from a sale would be split equally between Salford Council and MHE Investments, which entered into a collaborative agreement in 2018.
The planning consent required no on-site education provision from the developer at the time. However, Salford intends to seek a section 106 contribution of around £4.5m, according to council documents.
Avison Young is the planning consultant for the masterplan and Tyler Grange is the landscape planner.