NEWPORT — The multimillion dollar properties once owned by the Ruger family have new owners, after both the Newport mansion and the Maine mansion were sold Saturday through separate auctions.
Matt Marin, an account executive with UpSpring PR in New York, said Monday that the Newport property was bought by a husband and wife, though he declined to divulge either their identities or the sales price.
“We can’t reveal the name of buyers and the sales prices until 30 days after closing,” Marin said.
The Newport property, originally on the market for $3.75 million and later re-listed at $2.5 million, was auctioned off with six registered bidders taking part. The Maine property on Bar Harbor had originally been listed for $12 million. It too sold on Saturday to a husband and wife, though not the same couple that bought the Newport property. There were nine registered bidders for the Maine auction, Marin said.
The Newport property was initially listed in January at $3.75 million with 500 caress of land. It has since been relisted at $2.5 million with 110 acres.
The Newport mansion, built in the 1880s by millionaire Austin Corbin, was home to William Ruger Jr., son of Sturm Ruger & Co. founder William Ruger Sr. William Ruger Jr., who would eventually run the family firearm design and manufacturing business, died last year at 79.
Sturm Ruger is one of the largest employers in the state of New Hampshire, with a manufacturing plant in Newport.
The Ruger family reportedly had no interest in living in either the Newport home, nor the Maine home.
William Ruger Jr. extensively renovated the Newport estate, which is described as a four bedroom home with four full bathrooms and two half baths in the main house, at 7,400 square feet, and another four bedrooms and four bathrooms in the caretakers quarters at 1,700 square feet.
The property also includes a barn, a heated workshop, a television and radio workshop, and a gentleman’s library, according to the listing.
The Maine mansion is a 12,500 square foot ocean-side property on Bar Harbor, Maine located on “Millionaire’s Row.”
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