This stately and iconic Rye home situated on 1.4 lovely acres just minutes from the ocean combines classic Victorian architecture with modern, stylish living. A town-approved 2-family, featuring a 4 bedroom/2 bath main home and a 3 bedroom/1.5 bath apartment with a uniquely private and quiet configuration - attached only by a single wall and set back with its own driveway and entrance - offering substantial rental income with the feeling of single home living in both units. Numerous updates have been made to the property since 2019 including freshly painted interior/exterior, new roof, updated electrical, new kitchens in both units and new 7 bedroom septic system. In the light-filled main home, the first floor living areas are connected and open with 2 beautiful fireplaces, gorgeous wood floors, high ceilings and huge windows with views of the spacious lawn, mature trees and original stone walls. Upstairs you'll find 4 generously-sized bedrooms, a full bath, linen closet, plus access to unfinished attic with potential for a large living space. The charming apartment first floor features an open living/dining room with views of conservation land, kitchen, full bath and bedroom, and 2 bedrooms and half bath on the upper level. The home also offers an easily-accessible, heated walkout basement, separate workshop, and detached 2 car garage. Seller willing to consider special financing, reducing your loan rate and monthly payments for up to two years on an acceptable offer.