Glasgow builder Michael Canny purchased Alt na Reigh for £212,000 at auction in May this year, almost double the £125,000 the disgraced former Top of the Pops star paid for it in 1998.
Money raised is to help settle some of the hundreds of claims made against the estate of the former DJ since he was exposed as a serial paedophile last year. He died aged 84 in 2011.
Mr Canny has applied to the Highland Council for permission to drill a borehole at the site to gain water supplies as its current supply is from a stream. He plans to make it "a family residence", adding: "The property has some unfortunate history attached to this and we would hope to detach the property and ourselves from this."
He said he hoped to seek planning permission to alter the property, not only with respect to the immediate landscape "..but to make it more hospitable for family use and to remove the 'media image' that has become recognisable nationally."
Lochaber councillor Andrew Baxter called for the home to be demolished after it was vandalised for a third time. "It is wonderful news the new owners plan to use it as a family home, which can only help erase all the painful memories of the previous incumbent," he said.
l A judge yesterday ordered a driver charged with sex offences as part of the Jimmy Savile investigation to appear at his trial. David Smith, 66, did not turn up at Southwark Crown Court in London to face charges of indecent assault, including two counts of indecency with a child and one of buggery on a boy in 1984.