PHOTO: Elysian wasn’t on the market long. Picture: Keryn StevensSource: News Corp Australia

It took six years to build, and once launched to the market as a finished property, just six weeks to sell for the highest price ever received for a South Australian residential property.

Modern mansion Elysian at 9 Robe Tce, Medindie, set on a massive 4021sq/m allotment, has just sold to a local family, smashing the state’s residential sales record.

Selling agents John and Stephanie Williams of Williams Real Estate sold the property.

While not declaring the exact sales price, Mrs Williams confirmed it fetched an “eight-figure” amount – or in excess of $10m.

“It’s unheard of in South Australia – you could find something in Waikiki, Beverly Hills, the south of France or London for eight figures, so for Medindie to have recorded an eight-figure sale is a new beginning and it really has put Adelaide on the map, and it just shows the strength and desirability of SA properties,” Mrs Williams said.

“This has been spurred on by COVID.

“This is a new path to new record results from here, it’s a benchmark and it has set history and it shows people see the value in Adelaide.”

How’s that for a staircase? Picture: Williams Real Estate.

How’s that for a staircase? Picture: Williams Real Estate. Source: Supplied

The sale price is at least 20 per cent higher than the record transaction of $8m paid for a Leabrook home in August 2019.