Fairholme (Newport, Rhode Island)

Fairholme is a Tudor style historic mansion in Newport, Rhode Island designed by Frank Furness and built by Furness & Hewitt in 1874-1875 for Fairman Rogers.[1][2] 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 Alphonso P. Villa, was sold before 1955, during the period when the rich were impacted by high tax rates, to Robert A. Young for $38,000.

Fairholme in 2012

It was owned by Palm Beach resident John Noffo Kahn, an heir to the Annenberg publishing fortune.[3]

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,[4] and subsequently sold a year later, in 2016 for $16.1MM.[5]

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. "How top executives live (Fortune, 1955)". Fortune. CNNMoney. 1955. Archived from the original on November 29, 2012. Retrieved November 20, 2012.
  4. Bauder, Don (28 July 2015). "Papa Doug buys Rhode Island estate". San Diego Reader. San Diego Reader. Retrieved 21 October 2018.
  5. 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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