The Tottenham family were the local landlords who lived in nearby Glenfarne Hall.
The village was established by Charles Henry Tottenham in 1831 and named ‘Sarahville’ to commemorate the death of his daughter Sarah who was killed in a horse riding accident on 22nd of May 1828. He built a Market House (the current Heritage Centre) and established a market there each Friday and a cattle fair on the 14th of each month. The Market House also housed a court house upstairs which was in use for many years.
His grandson Arthur Loftus Tottenham spent most of his resources attempting to establish a railway connection between Enniskillen and Sligo. He died in 1887 and as a result of debts owed the estate passed to Edward Harland, the ship building magnate of Harland & Wolffe ship builders in Belfast. Harland took possession of Glenfarne Hall and later died there in 1895. Glenfarne Hall later fell into disrepair and ruin and only the gate lodge survives.