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Sold for $10,442,000
    • $10,442,000

    294 Ocean Ave, Newport, RI 02840

    4beds
    4,392sqft
    Single Family Residence
    Built in 1902
    0.83 Acres Lot
    $10,915,000 Zestimate®
    $2,378/sqft
    $7,169 Estimated rent

    Home value

    $10,915,000

    $8.95M - $13.32M

    $7,169/mo

    Zestimate® history
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    What's special

    Fieldstone fireplaceOceanfront siteStone wallsBluestone patioLandscaped groundsWide plank maple floorsSecond-floor master bedroom suite
    The “Playhouse" is an iconic landmark on Prices Neck Cove, a picturesque inlet of the Atlantic Ocean. Located on famed Ocean Drive this property was a collaborative effort between San Diego Architect, Irving Gill and Frederick Law Olmsted. The "Playhouse" sits on a majestic oceanfront site. Completely rebuilt, the current owners have kept this property in brand new condition. It reflects the highest specifications, materials and craftsmanship. The interior space includes an enclosed entry addition with a den and 1/2 bath. Once you walk through the original fieldstone arched doorway, you enter into a light filled, open plan kitchen-living-dining area with warm wide plank maple floors and custom mahogany windows and doors. The kitchen has a commercial grade Sub Zero refrigerator, Wolf stove, wine refrigerator and a charming pizza oven from Italy. At the other end of the great room a fieldstone fireplace anchors the living room creating a cozy atmosphere in colder weather. A second-floor master bedroom suite has 18ft. ceilings at their peak, a spa like bathroom and boasts amazing south facing views of the cove and Atlantic Ocean beyond. The landscaped grounds include a new pool/spa area with bluestone patio and surround, meticulously crafted stone walls and a deeded mooring in the Cove. There is a detached garage/ guest house includes a separate living room, cedar closet, and two bedrooms with shared bathroom on the second floor. Totally turn-key and ready for summer activities.

    Zillow last checked:

    Listing updated:

    Listed by:

    David Huberman 401-849-3000,

    Gustave White Sotheby's Realty,

    Mike Sweeney 401-862-0164,

    Gustave White Sotheby's Realty

    Bought with:

    Tammy Bass, RES.0040116

    Hogan Associates Christie's

    Source: StateWide MLS RI,MLS#: 1392749MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Primary bedroom
    • Level: Second
    Bathroom
    • Level: Second
    Bathroom
    • Level: First
    Other
    • Level: Second
    Other
    • Level: Second
    Other
    • Level: Second
    Dining area
    • Level: First
    Kitchen
    • Level: First
    Living room
    • Level: First
    Office
    • Level: First
    Heating
    • Natural Gas, Bottle Gas, Central Air, Central, Forced Air, Forced Water, Geothermal, Hydro-Air
    Cooling
    • Central Air
    Appliances
    • Included: Gas Water Heater, Dishwasher, Dryer, Exhaust Fan, Range Hood, Microwave, Oven/Range, Refrigerator, Washer
    Features
    • Wall (Cermaic), Wall (Dry Wall), Wall (Paneled), Wall (Wood), Cathedral Ceiling(s), Cedar Closet(s), Stairs, Wet Bar, Plumbing (Mixed), Insulation (Ceiling), Insulation (Floors), Insulation (Walls), Ceiling Fan(s)
    • Flooring: Ceramic Tile, Hardwood
    • Windows: Insulated Windows
    • Basement: None
    • Number of fireplaces: 2
    • Fireplace features: Stone
    Interior area
    • Total structure area: 4,392
    • Total interior livable area: 4,392 sqft
    • Finished area above ground: 4,392
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 6
    • Parking features: Detached, Garage Door Opener
    • Garage spaces: 1
    Features
    • Patio & porch: Patio
    • Exterior features: Barbecue
    • Pool features: In Ground, Salt Water
    • Spa features: Hot Tub
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    • Waterfront features: Waterfront, Access, Mooring, Ocean Front
    Lot
    • Size: 0.83 Acres
    • Features: Local Historic District, Secluded, Security
    Details
    • Additional structures: Guest House
    • Parcel number: NEWPM043B0041
    • Zoning: R120
    • Special conditions: Conventional/Market Value
    • Other equipment: Cable TV, Hot Tub

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Cottage
    • Property subtype: Single Family Residence
    Materials
    • Ceramic, Dry Wall, Paneled, Wood Wall(s), Masonry, Shingles, Wood
    • Foundation: Concrete Perimeter, Stone
    Condition
    • New construction: No
    • Year built: 1902

    Utilities & green energy

    • Electric: 400 Amps
    • Utilities for property: Underground Utilities, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: Golf, Hospital, Marina, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
    • Security: Security System Owned
    • Subdivision: Ocean Drive
    HOA
    • Has HOA: No
    Location
    • Region: Newport

    Financial & listing details

    • Price per square foot: $2,378/sqft
    • Tax assessed value: $8,652,700
    • Annual tax amount: $62,100
    • Date on market: 8/22/2025
    • Inclusions: 2025 Non-resident taxes $75, 183.

    Price history

    DateEventPrice
    9/29/2025Sold$10,442,000-10%$2,378/sqft
    Source: StateWide MLS RI #1392749 Report a problem
    9/14/2025Pending sale$11,600,000$2,641/sqft
    Source: StateWide MLS RI #1392749 Report a problem
    8/30/2025Contingent$11,600,000$2,641/sqft
    Source: StateWide MLS RI #1392749 Report a problem
    8/22/2025Listed for sale$11,600,000+16.8%$2,641/sqft
    Source: StateWide MLS RI #1392749 Report a problem
    9/16/2024Sold$9,935,000-20.5%$2,262/sqft
    Source: StateWide MLS RI #1357862 Report a problem
    8/29/2024Pending sale$12,500,000$2,846/sqft
    Source: StateWide MLS RI #1357862 Report a problem
    8/14/2024Contingent$12,500,000$2,846/sqft
    Source: StateWide MLS RI #1357862 Report a problem
    6/25/2024Price change$12,500,000-10.7%$2,846/sqft
    Source: StateWide MLS RI #1357862 Report a problem
    4/29/2024Listed for sale$14,000,000+100%$3,188/sqft
    Source: StateWide MLS RI #1357862 Report a problem
    10/31/2018Sold$6,999,000-10.8%$1,594/sqft
    Source: Public Record Report a problem
    9/18/2018Pending sale$7,850,000$1,787/sqft
    Source: Gustave White Sotheby's International Realty #1193929 Report a problem
    6/4/2018Listed for sale$7,850,000+258.4%$1,787/sqft
    Source: Gustave White Sotheby's Realty #1193929 Report a problem
    7/30/2010Sold$2,190,000-17.4%$499/sqft
    Source: Public Record Report a problem
    9/1/2009Listed for sale$2,650,000-27.4%$603/sqft
    Source: Gustave White Sothebys International Realty #946199 Report a problem
    6/11/2009Listing removed$3,650,000$831/sqft
    Source: Luxury Real Estate #875771 Report a problem
    5/28/2009Listed for sale$3,650,000$831/sqft
    Source: Luxury Real Estate #875771 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$75,183 +5.7%$8,652,700
    2024$71,125 +32.9%$8,652,700 +55.4%
    2023$53,510 $5,568,200
    2022$53,510 +3%$5,568,200
    2021$51,951 +24.6%$5,568,200 +37.3%
    2020$41,685 $4,055,000
    2019$41,685 +2.9%$4,055,000
    2018$40,509 -0.9%$4,055,000 +11.2%
    2017$40,881 +2.6%$3,646,800
    2016$39,860 +4.3%$3,646,800 +1.9%
    2015$38,199 +8.7%$3,580,000 +22.9%
    2014$35,138 +24.7%$2,913,600 +17.5%
    2012$28,176 +24.4%$2,480,300 +8.7%
    2011$22,648 -14.5%$2,280,800 -17.7%
    2010$26,479 -23.1%$2,769,800 -23.4%
    2009$34,418 +14.1%$3,615,300 +3.9%
    2008$30,159 +4%$3,478,600
    2007$29,012 +4%$3,478,600
    2006$27,898 -12.4%$3,478,600 +56%
    2005$31,855 +11.2%$2,229,200
    2002$28,645 $2,229,200
    Find assessor info on the county website

    Neighborhood: Ocean Drive

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    Estimated market value
    $10,915,000
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    Estimated market value
    $10,915,000

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