They are 47km and more than $99 million apart, but Sydney’s cheapest and most expensive properties are not the beauty and beast tale you might expect.

The city’s cheapest listing — a two-bedroom house in Macquarie Fields for $299,000 — proves bargains can still be had in Sydney.

With its own outdoor spa, timber floors, a garage and a backyard big enough to swing a cricket bat, the property is in good condition with polished timber floors and bright interiors.

media_camera Sydney’s cheapest property: 11/9 Cotula Place, Macquarie Fields, is on sale for just $299,000.

media_camera The John B Fairfax mansion, Elaine, at New South Head Rd, Point Piper, could sell for $100 million.

But the contrast between it and Sydney’s most expensive for sale property is, understandably, vast.

Tipped to fetch a whopping $100million, the sprawling Fairfax family estate Elaine at 550 New South Head Rd, Point Piper, is in a league of its own.

Elaine was built in 1863 and has been owned by the Fairfax family since 1891, housing four generations belonging to the famous media family.

The seven bedroom Victorian-style mansion features a ballroom, stables, a grass tennis court and seven-bathrooms and is set on almost seven square kilometres of harbourfront.

media_camera The two-bedroom house at Cotula Place, Macquarie Fields, is in good condition.

media_camera The seven-bedroom Victorian mansion Elaine has stunning interiors with period features throughout..

Three times larger than Altona, a Point Piper estate that sold last year for $52 million, if it sells for its triple digit estimate — it will become the city’s highest sale to date.

Ken Jacobs, the Christie’s International Real Estate agent tasked with selling Elaine said that it is almost impossible to put a value on the property because there was nothing to compare it to.

“Even the owners have not put a price on it,” Mr Jacobs said.

It is a world apart from Macquarie Fields, one of Sydney’s cheapest property markets, but even $299,000 is a step down from the suburb’s median house price of $365,500.

media_camera The backyard of the Macquarie Fields is big enough for a round of kid’s cricket or soccer.

media_camera Set on 7000sq m, the grounds of the waterfront mansion Elaine could easily host a large event.

The property is in Cotula Place, a cul-de-sac nearby Holsworthy military airport, but is separated from the facility by the Georges River and a strip of reserve land.

“The owners are relocating and are motivated to sell, so it is reasonably priced. You don’t get many properties these days for less than $300,000,” said All Property People’s Wael Elmir, the agent selling the home.

media_camera A 45-minute drive separates the city’s highest and lowest listings. Picture: Google Maps

Ranking Sydney’s other priciest houses is difficult, because agents selling multi-million dollar properties tend not to publish price guides, but Barford, a Georgian-style mansion in Bellevue Hill, is considered among the city’s most expensive properties for sale with a price tag rumoured to be over $60 million.

The 7-bedroom property includes an additional 3-bedroom cottage and two 1-bedroom apartments. The owners are reported to have rented the property out to celebrities such as Will Smith, Bono and Jay-Z.

Among Sydney’s elite properties is also a newly constructed 8-bedroom house on Carramar Road in Vaucluse reported to be selling for more than $60 million.

550 New South Head Rd, Point Piper

11/9 Cotula Place, Macquarie Fields