Posted at 05:30 AM ET, 03/08/2013 This week's featured house is an exquisite example of the architectural perspicacity of Clarke Waggaman and George N. Ray. Located in the Kalorama neighborhood of Northwest Washington, near Embassy Row, the 1918 limestone Beaux-Arts mansion retains many of the celebrated architects" original design elements. According to a Library of Congress publication on "Residential Architecture of Washington, D.C., and Its Suburbs," Waggaman and Ray created homes that appealed to Washington's power-brokers because they "were quieter, more reserved, less ostentatious than the exuberant, frequently French or Baroque-inspired houses" designed by other noted architects of that time. It went on to say that Waggaman and Ray's "quietly elegant mansions imparted to the Dupont, Sheridan and Massachusetts Avenue Heights neighborhoods a decidedly European-capital flavor." The four-level, 6,596-square-foot home comes with plenty of curb appeal - from the intricate stone carvings on its facade to the granite cobblestone front drive. Ten-foot windows and 14-foot ceilings with original plaster moldings grace the main living areas on the second floor. The library exudes elegance, with its gorgeous wood paneling, ornate ceiling and eye-catching woodwork on the fireplace mantel. For such a grand home, you might not expect it to be child-friendly. But it is as well-suited to little ones as it is to lavish entertaining. "Oddly enough, despite it looking more like a formal ambassadorial residence, it's been occupied by families with children," said Michael Rankin of TTR Sotheby's International Realty. He and Paul Pike are the co-listing agents. The master suite features two walk-in closets and his-and-her master baths, as well as direct access to the home's commercial grade, mahogany paneled elevator. "It's really, really beautiful," Rankin said. "It's not that little "elevette" that are often in houses." A terrace on the top floor overlooks Massachusetts Avenue and Rock Creek Park and provides a glimpse of the city's monuments. The five-bedroom, nine-bath home at 2346 S St. NW is on the market for $4.495 million. An open house is scheduled for Sunday from 2 to 4 p.m. Listing: 2346 S St. NW