Excerpt from the 2005 National Register Nomination for the South Main Street Historic District.
This L-plan frame dwelling with intersecting gable roof features a full-width, Colonial Revival-style porch with hipped roof and classical columns. Wilford Rice was a Newport native, born in Walton of English parents. He served as postmaster of Walton, then began a career in banking. In 1930, he was elected president of the Walton Equitable Bank:the youngest man in the state to hold such a position.