At the time of Griffith's Valuation Derrycarne was the property of William Ormsby Gore and was valued at £30. Lewis records it as the seat of the Nisbett family in 1837. In 1906 it was in the possession of Lord Harlech (Ormsby Gore) and was valued at £33. The Ormsby Gore estate was eventually sold in 1924 and Derrycarne and about 80 acres were acquired by a Colonel Kirkwood, a relative of the Kirkwood family of Woodbrook, county Roscommon. It changed hands again several times before being acquired by the Land Commission in 1952. The house was demolished shortly afterwards.