Hacienda Yrurena belonged to Juan ( -1875), Pedro and Carlos Peugeot, three brothers of French origin who emigrated from Saint Domingue fleeing the political instability there due to the slave uprising known as the Haitian Revolution led by Touissant L'Overture.  The Peugeot brothers and their two sisters Mariana and Graciela were from the Basque Country in Southern France.  Supposedly Yrurena means "three brothers" in the Basque language.  Their last name Peugeot was adapted in Puerto Rico to Pellot. 

In her book Haciendas Agricolas del Triangulo Noroeste de Puerto Rico, Haydé Reicherd de Cardona states that in 1804 Pedro and Juan Pellot were already established in Moca.  By 1810 they had joined with Pedro Manuel Abadía who had also escaped the slave insurrection in Haiti in acquiring some land in Barrio Aceitunas of Moca.  Pedro purchased land from Abadía and eventually established Hacienda Yrurena in Barrio Aceitunas of Moca which was managed by his brother Juan.  Hacienda Yrurena originally grew coffee but turned into a sugar plantation in 1860 when Juan Pellot installed an oxen-driven mill with wooden crushers.  

Juan Labadie Larré (1831-1894) emigrated from Urrugne in the Pyrénées-Atlantiques department of France, and worked at Hacienda Yrurena as administrator.  In 1878 he acquired Yrurena from Carlos Pellot who had inherited it from his uncle Juan and his aunt Mariana.  Labadie worked the plantation and lived in it until his death. 

Cornelia Pellot (1862-1931) was born at Hacienda Yrurena, the natural daughter of slave Dolores Pellot.  Though not officially verified, it is general belief her father was Juan Pellot.  At a young age she started working as domestic help at the hacienda.  After a while she established a relationship with Labadie who fathered four children with her; Joaquina (1881- ), Juan Florencio (1884-1899), Pablo (1892- ) and Pedro Lucas (1894-1895) Labadie Pellot, the first three before they were married on October 23, 1893. 

After the death of Juan Labadie Larré in 1894 and of their two minor children Pedro Lucas in 1895 and Juan Florencio in 1899, the plantation then belonged to Cornelia and her two surviving sons Joaquina and Pablo.  In 1899 Joaquina, then nineteen years old, requested her inheritance, married Victorio de la Rosa Zamot and moved to Isabela.  Pablo was later sent to study agriculture in New Orleans and upon his return married Maria Eurite and established his residene at the hacienda.

In 1904 the heirs of Salvador Amell had sold Central Coloso in nearby Aguada to the Compagnie Sucrerie Central Coloso de Porto Rico.  The administrator at Coloso was French engineer Paul Servojean, who at the request of Cornelia designed a French Rennaisance style chateau. Cornelia demolished the old wooden structure that served as the hacienda's manor house and built the new chateau which came to be kown as the "Castillo Labadie".  The setting for the novel La Llamarada written by local writer Enrique A. Laguerre was inspired by this property which in the novel was called the Hacienda Palmares, owned by the Moreau family.  Hence the house is commonly known today as the "Palacete de Los Moreau".

The steam engine and boiler from the closed down Hacienda Tiopolis in Rincón were installed at Yrurena in 1902.  Yrurena stopped operating in 1909 when sugarcane grown in the plantation was then processed at the nearby Central Coloso.  Lands planted with sugarcane that once were part of Hacienda Yrurena were little by little acquired by the sugar mill and the one time 1,300 acre plantation was reduced to only some 110 acres.

The house and locomotive pictured are the only remains of this Ingenio which is now owned and maintained by the Municipal Government of Moca.   This property was included in the National Register of Historic Places in 1987, pictures of the vacant property taken in 1985 before it was restored by the Municipal Government accompany the submition.