A mixed farming opportunity offered by the Matthews' family at Lake Hawdon near Robe on the Limestone Coast has sold for $1.6 million.
At that price, the 160 hectares (395 acres) changed hands for $10,000 a hectare or $4051 an acre.
MORE READING: Lots of history on the EP coast at Talia.
The Matthews' property is on the western side of Lake Hawdon, a seasonal wetland about 20km south-east of Robe.
The one family has held this property for three generations and was sold by Elders Rural Estate after an expressions of interest campaign.
The landholding includes five hectares of established vineyard infrastructure but is considered quality grazing country.
Agents describe it as "beautiful warm and sheltered grazing property".
The farm's shearing shed is in good order as are the cattle yards.
The region experienced a sub-mediterranean climate with average 650mm reliable annual rainfall.
It also has frontage to a sealed road.
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