At the time of Griffith's Valuation William Phibbs was leasing the property at Corradoo, barony of Tirerrill to Major Kingston Lloyd when it was valued at £18. Lewis records it as a residence of William Phibbs. McTernan notes that it was originally built by the Phibbs estate as a schoolhouse but was later converted into a residence. It was leased, and later sold to, the Frazier family. Following the deaths of the last of that family it was demolished and a new house built at the site.