An extraordinary opportunity to own a private, resort-like retreat in the heart of Rye, set on .88 acres of spectacular park-like grounds with a tranquil waterfall. Effectively rebuilt and extensively expanded in 2007, including the addition of a full second story, the home was thoughtfully designed for modern living with generous room proportions and a highly flexible layout. The first-floor primary suite is a luxurious retreat with walk-in closet and spa bath featuring a steam shower, soaking tub and doors to private deck, all overlooking the deep and private backyard where your view is entirely natural greenery. A second ensuite bedroom on the main level provides ideal accommodations for guests or extended family. or a huge home Gym or nursery. A dramatic double-height entry foyer opens to beautifully scaled living spaces including a living room with fireplace, spacious family room, and bright breakfast area adjoining the well-appointed kitchen with island seating, desk area, high-end stainless appliances. The adjacent wet bar with dedicated wine and beverage refrigerators compliments the dining room which comfortably hosts holiday gatherings and large celebrations. From the breakfast area, step outside to the grilling deck and lower lounging deck overlooking the expansive grounds. The soothing sounds of cascading water create a peaceful backdrop for outdoor entertaining, graduation celebrations, summer gatherings, or simply relaxing with a book in a hammock surrounded by nature. The second floor offers three generously sized bedrooms plus a flexible office/possible 6th bedroom, play area, heated/cooled storage room and walk-in attic storage. The walk-out lower level provides recreation space, storage room, mudroom and a full bath with direct access to the backyard and 2 car garage. In addition to the attached 2 car garage, the ample driveway includes a soluble paver space and courtyard parking and turnaround for an additional four cars, plus a wide driveway perfect for basketball or street hockey. Ideally located on beautiful Grace Church Street, close to the Kirby/Manursing Island loop, Rye's beach clubs, downtown Rye's shops and restaurants, and Metro-North.