Fairholme Back on Market for $21 Million
December 04, 2015 - Newport
After selling for $15 million in July and becoming the largest residential property sale in Rhode Island since 2013, Fairholme is back on the market for $21 million.
Built in the 1870s, the oceanfront estate sits on 4.3 acres above the Cliff Walk. Measuring about 24,400 square feet, the Tudor Revival house has 15 bedrooms and a ballroom which can seat up to 120 people for dinner, said listing agent Melanie Delman of Lila Delman Real Estate International.
The property also includes a swimming pool, a pool house with cabanas, a carriage house and a greenhouse. The seller is San Diego real-estate developer Doug “Papa Doug” Manchester.
Manchester told the WSJ that he sank a few million into renovations during the few months he owned the mansion, along with adding some putting greens and croquet and tennis courts.
The decision to sell, he said, is based on the fact he has a sixth child on the way and the new baby will make it tough to come to Newport from the West Coast.
blog, luxury home, Estate of the Day, Luxury House