This property, built originally in 1840, represented one of the most seriously deteriorated and endangered properties in the area prior to the commitment of Paul & V'Anne Mydler. In 1987, as they neared completion of this restoration and preservation of this Greek Revival structure, the St. Charles Historic District National Register boundary was increased to include 1000 South Main Street. (Sharlotte Worthington)

The Mydlers purchased the Carter-Rice building in 1980 and restored it over the next six years to National Historic Trust standards. This once dilapidated building has been transformed into a six room bed and breakfast, which is a key structure in the Historic District. (Venetia Mydler)