The Woolwich waterfront trophy home of the Salter family has sold, setting a record for the Hunters Hill peninsula.
The Salter family's Federation residence, known as Vailele, is set on a smaller 3220 square metres than Blanchett's 3642 sq m former holding, but is a true waterfront with a private jetty.
Built in 1892, Vailele is best known for starring in the 1983 mini-series Return to Eden, when it was owned by meat trader Trevor Wadland.
It set a then record high for the exclusive peninsula when it last traded in 1993 for $3 million when bought by the late co-founder of Salmat, Phil Salter and his wife Christine.
A "sold" notice appeared on the property's domain.com.au listing over the weekend. Ken Jacobs, of Christie's International, declined to reveal the sale price, confirming only that it sold.
It was listed earlier this year with a guide of $24 million to $26 million. Sources have tipped the price at close to that asking price, but settlement will confirm the exact result.
Trophy values in the exclusive riverfront peninsula have long struggled to reach $10 million-plus, with the first such sale set in 2007 at $10.68 million when a waterfront mansion on Chevalier Crescent was sold by the Panzarino family.
That sale was not topped until 2014 when the waterfront mansion next door sold for $12.5 million to mining executive and Beijing developer Yong Zhang.
The sale of Blanchett's Hunters Hill property through Christie's International for $18 million represented a quantum leap in high-end values, jumping 40 per cent from the previous high of $12.85 million set two years earlier.
Vailele's north-facing waterfront site includes a heated swimming pool and spa, separate two-bedroom guest cottage, heritage palms, children's cubby house and a private jetty.
The historic six-bedroom residence has formal and informal living rooms, a music room, cedar-panelled billiard room, study, home theatre, wine room and wet bar, and a 10-car garage with lift access.