Chocolyn Homestead, built in 1853 and four kilometres north of Camperdown, attracted strong interest.

Matt Childs, manager of Pat Rice and Hawkins, said there were seven formal offers via the expression of interest process.

"We always expected it to be in excess of the $5.5 million asking price and it certainly did that," he said.

He said the homestead was sold to a Melbourne buyer.

"It's a really unique property given its history and also its condition. The current owners have done an amazing job with the house and the garden. It's also a pretty unique location sitting on Lake Colongulac."

The homestead is more than 100 squares and set across three levels. It includes 13-foot ceilings, ornate cornices and long hallways.

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The homestead also has eight large bedrooms and three bathrooms which have been renovated plus a number of living spaces including a grand dining room, sitting rooms with lake views and library.

It sits on a 117.76ha farm which also includes a three bedroom cottage.

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