|Living Area||8,000 sqft|
Central Air Conditioning, Dishwasher, Dryer, Microwave Oven, Refrigerator, Washer & Dryer.
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Deck, Open Porch(es), Patio.
Restmere is a magnificent Italianate villa designed in 1857 well known architect Richard Upjohn. Newport architect John Grosvenor and author Cheryl Hackett restored Restmere, had this landmark listed on the National Register of Historic Places and intentionally designed the living spaces so that the home can function as a 6 bedroom, seven bathroom home with an additional two bedroom, two bathroom townhouse apartment or a three distinct residences: Owner's residence, Penthouse and Town House. Either option allows for a steady, income stream as the restoration entailed replacing the roof, installing HVAC, and upgrading mechanicals. The owner's 6,000 square foot residence features a classic veranda, entrance hall, grand staircase, formal living room and dining room, powder room, library and gourmet kitchen—all with 12' high ceilings, parquet floors, working fireplaces, and period lighting. The second floor features 10' high ceilings, three bedrooms with ensuite luxurious bathrooms. The basement has several rooms one of which is finished and could be a studio or exercise room. The former kitchen ell has been transformed into a furnished two-bedroom, two-bath townhouse with laundry, basement storage and parking. The three bedroom three bathroom elegantly furnished penthouse also has a private entrance, parking and patio. Until Covid, it was Airbnb rental. Currently both are rented on a long term basis. The rental income averages around $60,000/year & could easily be maximized.