Arecord price approaching $9m is currently being sought for a former Soldier Settler property, west of Millicent.
Geltwood has been listed for sale for $8.6m through agents TDC.
As it measures 988 acres, this equates to $8700 per acre.
The improvements include extensive stockyards and shedding.
Geltwood was one of six Soldier Settler properties taken up by World War II returned servicemen in the late 1950s.
“Ben” Evans was allocated the property after living at Lucindale and working for the War Service Land Settlement Scheme at Reedy Creek.
Born at Port Broughton in 1914, he enlisted in the Australian Imperial Force at Adelaide at the age of 26.
He saw action in Darwin and New Guinea.
Mr Evans farmed “Geltwood” until a few years before his death at the age of 88 in 2002.
He was buried alongside his wife Elizabeth at the Millicent Lawn Cemetery following a service conducted by the Reverend Ros Read, of the Uniting Church.
Mr Evans was a devoted member of the Uniting Church while his active support of the Millicent Agricultural Bureau was recognised with life membership in 2983.
“Geltwood”’ is named after an iron hulled barque that was shipwrecked 149 years ago in mid-June of 1876 during a storm on a rocky stretch of coast adjacent to modern-day Canunda National Park.
The ship was nearing the completion of her maiden voyage from the English city of Liverpool bound for Melbourne when it struck a reef and sank.
Of the 31 passengers and crew, there were no survivors as all are presumed to have drowned.
It was not until a few weeks later the shipwreck became known to authorities and by then, much of its washed-up cargo had been looted.
Some of the goods were legally salvaged and sold at auction while some of the looters were put on trial.
Some of the looters of the Geltwood were imprisoned while others were not and this has remained a controversial matter in Millicent to this day.
Only a few bodies from shipwreck were found and the mortal remains of passenger James Nelson and three unknown sailors were interred in the first Millicent cemetery near the present-day Millicent Hospital.
Mr Nelson had been identified by his signet ring and the four graves are marked by Celtic cross and a marble tablet.
The shipwreck lies a few hundred metres off Geltwood Beach and diving on it is restricted to only a few days each year.
Southend professional fisherman Lance Chambers re-discovered the shipwreck by chance in 1980.
A diving team organised by the Millicent National Trust and sanctioned by the State Government recovered a number of relics from the ocean’s floor including two anchors.
One is displayed at the museum while the other is at a look-out at Southend.
