Fairholme (Newport, Rhode Island)

Fairholme is a Tudor Revival historic mansion in Newport, Rhode Island designed by Frank Furness and built by Furness & Hewitt in 1874-1875 for Fairman Rogers.[1][2]

Fairholme in 2012

History

One of the many "cottages" built during the Gilded Age on beachfront property in the Newport area, it is located on a parcel of 4.3 acres near the eastern end of Ruggles Avenue with an ocean frontage of 425 feet. It was remodeled in 1905 by John R. Drexel at a substantial cost but, after passing through the hands of Count Alfonso P. Villa, who acquired it from Mrs. Drexel in 1930,[3] during the period when the rich were impacted by high tax rates, the house was sold to Robert R. Young for $38,000 in 1942.[4]

It was owned by Palm Beach resident John Noffo Kahn, an heir to the Annenberg publishing fortune.[5]

The Gilded Age estate was on the market for $16,900,000. It is located on Ochre Point, south of The Breakers on the south side of Ruggles Avenue between the neighboring mansions of Midcliffe and Angelsea. The stables on Ruggles Avenue, historically used as the gardener's cottage, was acquired by Salve Regina University in 1991 and converted to a residence hall, Jean and David W. Wallace Hall.[1]

It was bought by American businessperson Doug Manchester in the summer of 2015,[6] and subsequently sold a year later, in 2016 for $16.1MM.[7]

References
  1. "Jean and David W. Wallace Hall". The Council of Independent Colleges: Historic Campus Architectural Project. Archived from the original on March 26, 2017.
  2. Woollard, Deidre (January 3, 2011). "Fairholme, Estate of the Day". Luxist.com. Archived from the original on January 6, 2011.
  3. "New York". Hartford Courant. 27 April 1930. p. 69. Retrieved 12 July 2023. Mrs. John R. Drexel has sold Fairholm, her Newport estate, to Count Alfonso P. Villa
  4. TIMES, Special to THE NEW YORK (27 December 1942). "BUYS ESTATE AT NEWPORT; Robert R. Young Acquires Former John R. Drexel Property". The New York Times. Retrieved 7 July 2023.
  5. "How top executives live (Fortune, 1955)". Fortune. CNNMoney. 1955. Archived from the original on November 29, 2012. Retrieved November 20, 2012.
  6. Bauder, Don (28 July 2015). "Papa Doug buys Rhode Island estate". San Diego Reader. San Diego Reader. Retrieved 21 October 2018.
  7. Belmore, Ryan (20 February 2016). "Fairholme Sells For Second Time in 12 Months, This Time for $16.1 Million". What'sUpNewp. What'sUpNewp. Retrieved 21 October 2018.
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