N E W P O R T ’ S F A I R H O L M E E S T A T 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 ,

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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.

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 CorreiaWhy does anyone need 15 bedrooms?

Like · Reply ·  3 · Feb 20, 2016 8:07pm

Lori Delfosse · RN Health Consultant at Lori RNwho gets the two without their own bathroom? it's just not fair . . . heheheh Like · Reply · Feb 20, 2016 10:27pm

Beverly Fazio HerterWhy would a "news" organization accede to a request for anonymity?Like · Reply · Feb 21, 2016 8:56am

Robert Forrest · Sole Proprietorship at Sakonnet Property Management14 kidsLike · Reply · Feb 21, 2016 9:32am

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