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It was 9.40pm on Tuesday when the Yealands Family Wines team of Chris Forne, Emily Forne, Dan Busch and Aaron Prince completed the race in five days and 13 hours.
Teams had to navigate, trek, mountain bike, kayak, canoe and raft around a 540km course.
The winning quartet paddled into the beach next to Marakura Yacht Club, before having to carry Busch across the finish line, due to his feet being infected with trench foot.
About 500 locals cheered the team on as it emerged out of the water.
''This is really quite surreal,'' Forne said.
''We definitely had some great racing, especially with Swordfox, all the way through.
''During the first half of the race they kept passing us and we kept battling away but by the end of the bike we felt we had an edge. Except then I managed to blow it rather badly paddling off in the wrong direction down Lake Manapouri.
''We thought that's bad, bad news but we kept racing hard and hoped we could outspeed Swordfox on the last stage, so there was definitely plenty of excitement there.''
It was the first year the race was held in Fiordland.
It was previously held in and around Wanaka.