The house was known as Peter the Great’s residence in Narva during the Great Northern War military campaign in 1704. It was owned by the royal family until December of 1865 when it was transferred to the Great Guild of Narva with the endorsement of Alexander II. The Guild set up a boys’ school on the ground floor.

Later on, a museum was opened. It displayed the objects of Peter’s time, including a model ship made by Peter I, numismatic collections, antique weapons collections and handicrafts. Along with the museum, there was a library and an archive. In the course of the Great Patriotic War museum collections were evacuated. The building was demolished during the city’s liberation from the Nazi occupation in 1944. To this day, it has not been restored.