The 1875 Tudor revival masterpiece lies at the heart of an impressive compound that also contains a picturesque carriage house, greenhouses, and an exquisitely tiled swimming pool, complete with a luxurious cabana pavilion overlooking the Atlantic.
Newport’s fairholme estate sells for $16 newport buzz
1. N E W P O R T ’ S FA I R H O L M E E S TAT E S E L L S F O R $ 1 6 . 1 M I L L I O N
C H R I S T I A N W I N T H R O P ( H T T P : / / W W W . T H E N E W P O R T B U Z Z . C O M / A U T H O R / C H R I S T I A N W I N T H R O P G M A I L - C O M ) F E B R U A R Y 2 0 ,
2 0 1 6
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2. The Fairholme estate, located at 237 Ruggles Avenue on Newport’s Cliff Walk, was sold Friday for $16.1 million
to Fairholme LLP, a limited liability partnership managed by a Portsmouth resident who wishes to remain
anonymous.
This the the second sale of the property in less than a year. In July 2015, Fairholme was sold by John Noffo Kahn
of Palm Beach, Florida, heir to the Annenberg publishing fortune to the Manchester Financial Group last July for
$15 million.
The 24,000 square foot mansion boasts 15 bedrooms, 13 bathrooms, a ballroom that can accommodate 120
guests, a carriage house with six bedrooms, a five-car garage, an ocean-facing hand-tiled swimming pool with a
cabana pavilion, an elevator and putting greens.
3.
4. Fairholme was listed with Lila Delman Real Estate for $21,000,000.
*note – this post has been edited to reflect a request from Fairholme LLP’s management to remain anonymous.
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3 Comments Sort by
Diana Correia
Why does anyone need 15 bedrooms?
Like · Reply · 3 · Feb 20, 2016 8:07pm
Lori Delfosse · RN Health Consultant at Lori RN
who gets the two without their own bathroom? it's just not fair . . . heheheh
Like · Reply · Feb 20, 2016 10:27pm
Beverly Fazio Herter
Why would a "news" organization accede to a request for anonymity?
Like · Reply · Feb 21, 2016 8:56am
Robert Forrest · Sole Proprietorship at Sakonnet Property Management
14 kids
Like · Reply · Feb 21, 2016 9:32am
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