The SABC reported on Monday said the successful bidder was Calli Calitz from Vencor – an abattoir in Polokwane.
The 140-hectare farm was seized by the Asset Forfeiture Unit in March as part of selling off Malema's assets to settle his unpaid tax bill.
Park Village Auctions advertised that the farmhouse had four bedrooms, a lounge-cum-dining room, an enclosed patio, kitchen with scullery, and a study nook.
A thatch rondawel was on the property, as was a swimming pool and garage workshop, among other features.
There was also a partially completed second house on the property.
National Prosecuting Authority spokesperson Medupe Simasiku said at the time that the property was allegedly acquired with the proceeds of fraud, corruption, theft, and money laundering.
Another of Malema's properties was auctioned last month.
The half-built mansion in Sandown, Johannesburg, fetched R5.9-million on auction.
The proceeds of the sales would go towards paying Malema's tax arrears, which now stood at around R7-million. – Sapa