The historic Georgian-style mansion, Terrara House, is for sale with a $7.5 million to $8.2 million guide.
The property dates back to the 1860s when it was owned by horse trainer and stud master Etienne De Mestre.
De Mestre, best known for his two-time Melbourne Cup winning thoroughbred Archer, sold the property in 1886 for $40,000 to pastoralist Hugh McKenzie.
McKenzie then commissioned the grand three-storey residence as it stands today.
Completed in 1904 it has 23 rooms and a widow’s walk and restored stables as maisonettes that are currently run as a luxury day spa to accompany the property’s popular wedding venue business.
It last traded in 2004 for $5 million when bought by radiologist Derek Glenn.
The grand property was previously owned by the late obstetrician Brian Hoolahan, who sold it to the Rutty family in 1989 for $995,000.
It is listed with Cassim Real Estate’s Michael Cassim and Bill Bridges.