The 515.97-hectare holding near Tooma including five-bedroom homestead was the subject of spirited bidding from at least three parties at the auction conducted by Elders Albury.

The property was added to the Tooma Station holding after being put to market by the MacDougall family.

Agent David Gittoes said there was "incredible interest" in the property leading into the auction which began with an opening bid of $6.5 million.

"It is probably one of the most unique properties I have ever had the pleasure of selling," he said.

"It was very hard to gauge the value it was actually worth.

"But I am very sure it has exceeded vendor expectations."

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The sale price equated to about $17,000 per hectare or almost $7000 per acre in another huge result for the vendors.

Dunollie Park adjoins the Kosciuszko National Park which suffered major damage in last summer's fires.

But the area has secure rainfall and the property has historically run 500 cows and calves with the consistently high recent beef prices a major attraction for potential buyers.

It is carved up into 18 paddocks plus 18 surface dams, two permanent creek systems and all steel cattleyards with B-double truck access.

The homestead, which includes an inground pool and polished timber floorboards, has been renovated in recent years.

Meanwhile, 80 hectares bordering the Walla township also sold at auction yesterday for $1.2 million.

Two other properties belonging to the estate of Colin Schirmer sold for $260,000 and $245,000 respectively.

The auction held at Walla Recreation Reserve was conducted by Paull & Scollard-Nutrien Ag Solutions.

Schirmer was a long-time shearer in the Walla district before his death last year.

Meanwhile, Paull & Scollard-Nutrien Ag Solutions also sold an 88-hectare property at Bullioh at auction last week for $1.87 million.

The sale price equated to more than $20,000 per hectare for the property on Moscrops Road.

It followed the recent sale of another Tallangatta Valley property for $5.6 million.