In Kiltearn there had been a settlement, an old "ferm toun" known as Drummond ("Drumainn"), near the location of Evanton, and several lordly residences, such as Foulis, Novar and Balconie Castle. In 1806 Alexander Fraser, who had made his money through slave plantations in the West Indies, paid (through his wife’s uncle Evan Baillie) £4500 for an instalment on the purchase of the Inchcoulter estate (a.k.a. Balconie). Having bought the estate Alexander Fraser put in place the grid formation of the new village (adjacent to the old village of Drummond), which he named Evanton after his son Evan Baillie Fraser (who had been named after his great uncle). He further named the initial parallel streets - one after his estate (Balconie), and 3 after plantations with which he had close connections, namely Camden, Livera and Hermitage: