An interior view of the Lake House

Built from convict labor in the late 1820s using bricks fired on the property, it is considered one of Australia's finest colonial examples of neo-classical Greek Revival properties with eight bedrooms, eight bathrooms, under 1,000 square meters of roof.

Never used for commercial purposes, it's been used as the Sherrard family home for several years.

"While I love historic homes, I do not like the total authentic historic living experience," Mr. Sherrard told Mansion Global. "It's nice to be able to relive the house, keep it authentic and make it liveable at the same time. That gives me great satisfaction. "

Listed with Insitu Property real estate agent Kristi Seymour, the property doubles as an income-producing farm with exceptional land that has in some years produced double crops and two harvests a year, according to Mr. Sherrard.

Tasmania's Victorian and Georgian grand mansions allow buyers the promise to escape the humdrum of everyday life, said Bushby Property Group director Eric Andersen.

"People can buy down here what they can not physically buy anywhere else," he said. "They can not afford 150-year-old homestead on 60 acres in Melbourne."

"The lifestyle down here is a little bit slower and easier and if you've got $ 2 million to spend, your aspirations become bigger and bigger down here," Mr. Andersen said. "You can buy something you've always dreamed of."

NEW YORKLISTING OF THE DAY

The houses had been originally built by captains of the Revolutionary War and were meticulously re-erected and restored on the current site in 2004.

PRODUCED BY DOW JONES MEDIA GROUP; PHOTOS: MCGRATH REALTY

The houses had been originally built by Captains of the Revolutionary War and were meticulously re-erected and restored on the current site by Mr. Hall in 2004. Historic and recreated materials were used to build a great room that would authentically connect these two beats 18 th century structures.

Mr. Hall sold his farm, which I called Flint Hill, to the current owners in 2013, who named it Fraser Ridge Farm, according to Claudia Jiskra of McGrath Realty. The property has been expanded with the purchase of 200 additional acres in 2014. The grounds, now 423 acres in total, feature open meadows, rolling fields, lush, mature woodlands and sublime views.