The Ruger property in Newport

The Ruger property in Newport

NEWPORT — A prime New England real estate property, owned by the descendants of William B. Ruger who co-funded the American firearm manufacturing company Sturm, Ruger & Company, is scheduled for auction on Saturday, Sept. 7.

The 100-acre estate in Newport, N.H., once owned by the creator of the Long Island Railroad will be auctioned by Platinum Luxury Auctions.

Andrew Peterson of The Petersons Inc. Country Real Estate is handling the late gun baron William Ruger’s property and has listed the estate at $2.5, million as a reference point.

“The family wants to sell it this year,” Peterson said in a press release. They have two big properties to sell, including the most expensive property on the market in Maine, according to listing records. Located in Bar Harbor, it’s listed for $12.5 million and is set to go to auction on the same day.

Previously offered for $3.75 million, this 100-acre New England Estate in Newport, N.H., was built in the 1880s by the self-made millionaire and banking magnate Austin Corbin on the site of his former childhood home.

“He used to have a private railroad to bring his friends to the property,” Peterson said.

The Ruger family extensively renovated the property, which includes the 7,500 square foot main residence and several outbuildings, a tri-level barn, heated workshop, detached gentleman’s library and four-bedroom guest house currently in use as a caretaker’s quarters.

Bordered by the Sugar River and offering views of Mt. Sunapee, the estate is extraordinarily serene and is set within protected fields and forests, ensuring the longevity of its privacy and impressive vistas, according to a press release.

Four bedrooms, four full and two half baths are located in the main residence, while common areas reflect the home’s Victorian style, and include an impressive gallery/great room with a gilded ceiling, reception hall with ornate fireplace, and modernized kitchen with a wet bar and pantry.

The auction will be conducted by Platinum Luxury Auctions, a Miami-based luxury auction company.

The Mediterranean villa at Bar Harbor, known as “East of Eden” is about to go on the auction block if it’s not sold before Sept. 7th.

The 28-room , three-story mansion has eight bedrooms and 12 bathrooms. The last owner, according to the Mount Desert Islander, was the late William Ruger Jr., who renovated the house and added a garage to the nine-acre lot, to store his classic car collection.

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