One of Saint John's most recognizable historic buildings, Caverhill Hall, has finally sold after being on the market for five years.

But the new owner of the castle-like mansion on Sydney Street, in the city's south end — and their plans for the grand building —remain a mystery.

Pam DeCourcey, the realtor who sold the baronial gothic building, declined to disclose who bought the property or for what price, citing privacy reasons.

The home, which boasts ivy-covered limestone walls, polished granite pillars, and a battlement tower overlooking the Bay of Fundy, was listed most recently at $399,900, down from its original asking price of about $800,000.

'Although this has a nice-size residential portion to the home along with three apartments, you still have to be someone who loves the grand, tall ceilings, and wide staircases.' —Pam DeCourcey, realtor

It was built in 1884 as a private residence for brewer, businessman and Saint John mayor Simeon Jones and his family.

Since then, it has since hosted British royalty, served as a naval seaman's mission during the First World War, a health centre, the Royal Canadian Air Force Social Club and a popular nightspot, called the 1880.

"Although this has a nice-size residential portion to the home along with three apartments, you still have to be someone who loves the grand, tall ceilings, and wide staircases," said DeCourcey.

"So it's not the type of property where if you wanted to make some changes or upgrades, it's a weekend project. It's really not," she said.

Decourcey describes it as one of Saint John's most prominent buildings.

"There's not a lot that has changed from it. I know that people drive up and down Sydney Street, or will walk along it. I notice a lot of cruise ship passengers, they're out hunting for historic property and this is always one," she said.

"I'm sure this is in everybody's photo gallery back home."

Caverhill Hall is designated a Local Historic Place for its architecture and its association with its former occupants, according to the Canada's Historic Places website.

Caverhill Hall is also recognized for having hosted the Duke and Duchess of Cornwall and York and the Prince of Wales in 1901. The Prince of Wales later became King George V.

For many years, the home was described as the finest residence in New Brunswick and possibly the finest in the Maritime provinces, according to the website.