PHOTO: The four-time Grammy winner at the Gaia Retreat & Spa near Byron Bay she co-founded.

Olivia Newton-John has sold her long-held holiday home on the NSW North Coast five months after she listed it for more than $5 million.

The sale ends almost 40 years of ownership for the legendary entertainer since she bought five blocks of land near Ballina in 1981 for $622,000 as a country escape from the pressures of stardom.

At the time Newton-John’s music career was soaring thanks in part to her breakout role as Sandy in the 1978 box office hit Grease and the release of her chart-topping album Physical in 1981.