A "horse owner's dream" has come up for sale less than 40 minutes from Canberra.
Known as Runnymede, the property at 186 Mundays Lane, Murrumbateman, is on 83 hectares.
The summit of its largest hill offers views of Black Mountain and the surrounding Yass valley.
"To be able to ride your horse up there would be just spectacular," said agent Simon Southwell, of Ray White Canberra.
Originally used to grow hay and graze livestock, the property has five dams and a bore on fertile land, making it ripe for quality farming or use as a lifestyle block.
Paddocks on the land are a mix of pasture-improved flats and natural grasses.
"There is no end of what you could do there," Mr Southwell said.
"It is a beautiful property. Whether it be sheep, cattle, a small stud, equine or farm the flats, there are options."
He said the property could be subdivided pending council approval and would also be an ideal place for a restaurant.
The successful Poachers Pantry smokehouse and vineyard is nearby, along with several cool climate wineries.
Inside, wooden frames and white walls run throughout the 1980s-built house.
The four-bedroom, two-bathroom brick home is "very liveable", Mr Southwell said, but could also be demolished to build a "dream home".
A tiled dining room is large enough for at least an eight-seat dining table and additional storage.
The deceased estate, which will be sold vacant, has been in the same family for 30 years.
"It is an important sale for the family, after such a [long time]," Mr Southwell said.
He had not set a starting price for the auction as the family "wanted it sold".
Mr Southwell said the proximity to Canberra was a key drawcard.
"It is close to the city, but the property is serene. Once you are in there, it is so private," he said.
Runnymede is at the end of Mundays Lane and gets limited passing traffic as a result.
It is approximately a 10-minute drive to the Barton Highway.
There will be inspections at the estate on August 11 and 15 before it goes to auction on September 8.
