Silverburn is the former estate of The Russell family who were owners of the Tullis Russell paper making business. The land was originally part of the Barony of Durie and was leased to Mr David Russell by Charles Maitland Christie of Durie in 1854. A dower house known as Corriemar was also built and a flax mill was established on the site.
David Russell died in 1906. His son, (also named David) and who later became Sir David Russell was born at Silverburn in 1872 and in 1912 married and went to live in Aithernie House. He returned to Silverburn in 1929. Sir David had a great interest in trees and many were planted including some rare and unusual species which continue to thrive today.