In 1890 the House of Falkland was bought by one of the richest men of his age, John Patrick Crichton-Stuart, third Marquess of Bute (1847-1900). He engaged Robert Weir Schultz to redesign the interior in the Art and Crafts style, with the result that the House of Falkland was what he considered to be his most luxurious house. With a fortune constantly replenished derived by Welsh coal and his docks at Cardiff, he was able to indulge his passion for owning and building houses (Cardiff Castle, Castel Coch, Mount Stuart, Dumfries House among them)
The owner of the Falkland estate, the former royal hunting ground of the Stewart monarchs, was also Hereditary Keeper of the Royal Palace of Falkland. Left a partial ruin after the visit of Oliver Cromwell, Lord Bute set about restoring the Palace with his customary enthusiasm and eye for meticulous detail. Lord Bute had bought the 5,500 acre Falkland estate for his second son Lord Ninian Critchon- Stuart, who was killed in the First World War. He was succeeded by his baby son Michael, who made Falkland Palace the family home and in 1984 let the House of Falkland as a school. The present Hereditary Keeper is his son Ninian Crichton-Stuart who lives with his family in the Palace.