An interstate buyer has snapped up one of northern Tasmania's most historic estates, for a price initially tipped to break sales records.
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When it first hit the market in December last year, Freshwater Point was expected to post the region's highest residential property price of $3.5 million.
Knight Frank Partner Residential Sam Woolcock said the property had since been sold through an expressions of interest campaign, but for an undisclosed price.
"Freshwater Point understandably attracted extensive national and international interest," Mr Woolcock said.
"The successful purchaser is a private family based in NSW who intend to live on the property.
"The price and terms of the sale remain confidential."
Located on the west bank of the Tamar at Legana, the historic homestead gets its name from Matthew Flinders, who first sailed up the river in 1798, stopping when he found water fresh enough to drink.
The impressive property was purchased by Peter and Elizabeth Wallis in 2003, and was restored in 2006 by CRC.
Just 15 minutes out of Launceston, the five-bedroom, three-bathroom estate features views over the grounds to the Tamar, three self-contained cottages, a vineyard, cellar and a 30 metre jetty with deep water mooring.
On the market for less than three months, Mr Woolcock said Freshwater Point's sale provided a confidence boost to Tasmania's high-end property market.
"High net wealth families are now looking to buy and relocate to Tasmania on a permanent and semi-permanent basis," Mr Woolcock said.
"This in turn strengthens all levels of the residential market in Northern Tasmania and across the state."
Northern Tasmania's previous record for the highest residential property price was held by one of the state's most prominent Georgian properties, Calstock, which sold for $3.5 million in November 2018 - just days after being listed.
In 2018 iconic federation and Italianate property Glenfruin, located on Brisbane Street in Launceston, also sold for $3.25 million. However, it is now back on the market.
Other prominent buys include an East Launceston property located at 13 Claremont Street, which sold for $3.05 million in 2011.
This same property sold again in 2016 for $2.65 million.