Step into a piece of Chico's vibrant history at 256 E. 1st Avenue, an iconic Victorian residence perched on a prominent corner lot of E. 1st Ave and Oleander, just one block from the Esplanade and minutes from Downtown Chico, Chico State, and Enloe Medical Center. Built in 1949, this distinguished 3-story, 8-bedroom, 4-bathroom home spans 2,993 sq. ft. and was once featured as the Decorator's Dream House in 1982. Each room was transformed by local designers with flair and creativity, a legacy the current owners have preserved and thoughtfully updated with curated touches from Chico artisans, blending historic charm with modern living. As you arrive, the welcoming covered front porch and classic double-entry doors offer just a hint of the character inside. Inside, you're greeted by a breathtaking grand staircase, 10.5-foot ceilings, transom windows, handcrafted wainscoting, and wood flooring throughout. The heart of the home, a large light-filled entry, is a true showstopper and sets the tone for the rest of the tour. The main floor hosts one of two private suites, complete with a full bathroom, kitchenette, and cozy living space. Upstairs, you'll find five additional bedrooms and two full bathrooms at the end of the hall. The top floor features a penthouse suite, an incredible private retreat with its own bathroom, living room, and kitchenette. One of the original bedrooms has been converted into a spacious laundry and lounge area for added comfort. The home also includes a large unfinished basement, offering ample storage or the potential for creative future use. Outside, the fenced backyard and side yard offer quiet retreat spaces, perfect for entertaining under the shaded pergola or relaxing around the fire pit. A gated off-street parking area easily fits three cars, with additional RV/Boat parking for added convenience. With strong income potential (the home is currently being used as an Airbnb), the benefit of the Mills Act tax reduction, and a location steeped in Chico's history, this rare Victorian gem is perfect for investors, multigenerational living, or those dreaming of a legacy home near the heart of it all. Opportunities to own a property list iconic and versatile don't come around often. Come experience the character, charm, and possibilities of 256 E. 1st Ave for yourself. Your next chapter starts here!