Newport - Beach Property For Sale #1729567

"Rosevale", an ornamental brick and stone estate, was designed by Peabody & Stearns in 1876 for William C. and Grace W. Rives. With architectural significance, the house has beautiful features and a grand feel upon entry with it's intricate coffered ceilings, moldings and woodwork and a dramatic, wide staircase. The main level offers expansive rooms with floor-to-ceiling windows, fireplaces and glass doors opening to a covered porch. - Currently configured with 6 dwelling units in the main house, - and a charming 2 bedroom carriage house, the property has endless opportunity for a buyer to create a main residence or income producing combination. With a large lot and ample frontage on two roads, - the possibility for a three parcel subdivision is also an option. Set in Newport's desirable Kay/Catherine neighborhood this property is close to the Cliff Walk, Easton's Beach and downtown Newport.