SOLD
Sold on 05 Apr 2024 for $11,468,141

8899 Princes Highway
Coorong SA 5264

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 19600000m2
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Property Details for 8899 Princes Hwy, Coorong

Building Type
Rural
Land Size
19600000m2
Local Government
Coorong
Lot/Plan
S58/H410200

Last Listing description (March 2021)

1960 Ha Meningie
Cattle breeding and finishing
Well maintained Lucerne pastures and fencing

Substantial improvements

The outstanding breeding and finishing grazing property Stonywell is being offered for sale by Expressions of Interest. Containing 1960 hectares, Stonywell is located 40 kms South of Meningie adjacent the Princes Highway and the world renowned Coorong.
With its proximity to the Coorong, Stonywell experiences a Mediterranean climate, with mild conditions suitable for quality Lucerne pastures and the ability to finish stock for about eight months of the year.
Stonywell has a good balance of flats and gentle rises interspersed with native vegetation providing a very picturesque property with mild summers and cool winters.
Stonywell has been held by the current owner for 50 years and has been very well managed since the beginning of clearing in the late 1960's, with pasture renovation, weed management and consistent maintenance of quality, high producing Lucerne, veldt grass and clover pastures. There is an application of approximately 100 tonne of fertilizer annually. Stonywell has always produced quality livestock.
The central rubbled laneway allows easy access for machinery and ease of livestock movement, with very well maintained fencing.
The substantial improvements include two three bedroom double brick homes in good condition, excellent shedding, two sets of cattle yards plus a smaller set of yards for heifer calving. There is a four stand shearing shed with steel sheep yards.
Stonywell is reliably serviced with mains water that is equipped with a solar powered leak detection unit. The poly mains line is fed through the central raceway to concrete tanks and concrete cattle troughs.
The quality Angus self-replacing cattle herd consists of breeders, replacement heifers, steers and bulls, which are all available to purchase with the property.
With beef production the primary commodity of Stonywell, several livestock marketing options are in place. The property is perfectly positioned to take advantage of regional cattle marketing centres at Naracoorte and Mount Gambier and the direct marketing to meat works and feedlots in South Australia, Victoria, New South Wales and Southern Queensland.
The property is situated in what is recognised as a 500mm average district rainfall area.
Stonywell is a carefully managed high producing property which offers a solid, large scale cattle breeding and livestock farming operation.
It currently runs a quality herd of cattle and is also suitable for sheep breeding with excellent pastures to finish prime lambs.

Expressions of Interest close 26th November 2020
For further details contact Peter Taylor 0439 652 221

Property History for 8899 Princes Hwy, Coorong, SA 5264

A timeline of how this property has performed in the market
Last Sold
$11,468,141
05 Apr 2024
  • 05 Apr 2024
    Sold for $11,468,141
  • 09 Oct 2023
    Transferred
  • 02 Mar 2021
    Sold for $7,750,000
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About Coorong 5264

The size of Coorong is approximately 841.5 square kilometres. It has 2 parks covering nearly 57% of total area. The population of Coorong in 2011 was 1,501 people. By 2016 the population was 50 showing a population decline of 96.7% in the area during that time. The predominant age group in Coorong is 60-69 years. Households in Coorong are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Coorong work in a managers occupation. In 2011, 65.1% of the homes in Coorong were owner-occupied compared with 60.8% in 2016..

Coorong has 135 properties. Over the last 5 years, Houses in Coorong have seen a 51.31% increase in median value. As at 31 August 2024:

  • The median value for Houses in Coorong is $359,120.
There are currently 1 property listed for sale, and no properties listed for rent in Coorong on OnTheHouse. According to CoreLogic's data, 7 properties were sold in the past 12 months in Coorong.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.