The family of the late cattle king Graeme Acton has sold out of Croydon Station, a sprawling central Queensland run it held for more than three decades, in an $80 million deal, making it one of the larger transactions in the state in recent years.

On the Marlborough-Sarina Road at Lotus Creek, about 210 kilometres north of Rockhampton, the near 60,000-hectare property was purchased in 1988 and became a key piece of the Acton Land & Cattle empire which Graeme established with his brother Evan.