Dollarbeg Castle was designed by local architect Ebenezer Simpson from the historic city of Stirling. The build was finished in 1889, for it's then owner William Henry Dobie; a Victorian railway tycoon and influential Yachtsman that made his fortune in Canada. It was one of the last builings of it's era that was influenced by the design of Balmoral Castle.
Prior to the castle being built, the lands of Dollarbeg were granted to the monks of Dunfermline Abbey in the 13th century by Alexander II. The monks remained in possession of the lands until 1587. The estate then had a number of owners, until it became the property of the 4th Duke of Atholl in 1785. In the 1880s William Henry Dobie took ownership of the estate and began construction of the current house in 1887, taking just 2 years to build.