While you won't own every part of this Gilded Age stone castle known as Beechbound, you will be the proud owner of luxury flat number 6.

This space offers a private roof terrace and a castle-like tower, just like in a fairy tale.

Standing there, you'll see the breathtaking Newport Harbor.

This two-bedroom, two-bathroom flat is one of seven in the old estate.

The home sits on a 3.8 acre waterfront lot.

A total of 17 units call this unique property home, including several townhouses and a developed carriage house.

As for the main house, it has anchored Newport's famous 10-mile-long Ocean Drive since 1895.

It was designed by the architectural firm Peabody & Stearns for the steel magnate William Fletcher Burden.

The impeccable site was designed by Frederick Law Olmsted, best known for his work in New York City's Central Park.

The property remained a single-family home until it was converted into flats in the 1970s.

The historical splendour of the building is on full display when you walk in.

"Part of this unit was built on a turret," says listing agent Kimberly Shaw." You enter a foyer with an amazing staircase leading up to the main floor, where you'll find another wooden spiral staircase leading up to the tower's private rooftop terrace with arguably the best views in all of Newport.

The flat is fully furnished and the space has several modern touches including central air conditioning, stainless steel appliances, and two assigned parking spaces. The vaulted ceiling in the living room and the wood burning fireplace are the most charming features of the flat.

All residents of the building have access to several common spaces, including the two-storey Great Hall.

Residents will enjoy rolling green lawns; a private beach; and a marina with seasonal water taxi service to Goat Island and downtown Newport.