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.
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
$10,659,400 Zestimate®
$2,378/sqft
$7,952 Estimated rent
Home value
$10,659,400
$8.74M - $13.00M
$7,952/mo
Zestimate® history
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List your homeWhat's special
Fieldstone fireplaceOceanfront siteStone wallsBluestone patioLandscaped groundsWide plank maple floorsSecond-floor master bedroom suite
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#: 1392749
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 & neighborhood
Security
- Security features: Security System Owned
Community
- Community features: Golf, Hospital, Marina, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
Location
- Region: Newport
- Subdivision: Ocean Drive
Price history
| Date | Event | Price |
|---|---|---|
| 9/29/2025 | Sold | $10,442,000-10%$2,378/sqft |
Source:  StateWide MLS RI #1392749 Report a problem | ||
| 9/14/2025 | Pending sale | $11,600,000$2,641/sqft |
Source: StateWide MLS RI #1392749 Report a problem | ||
| 8/30/2025 | Contingent | $11,600,000$2,641/sqft |
Source: StateWide MLS RI #1392749 Report a problem | ||
| 8/22/2025 | Listed for sale | $11,600,000+16.8%$2,641/sqft |
Source: StateWide MLS RI #1392749 Report a problem | ||
| 9/16/2024 | Sold | $9,935,000-20.5%$2,262/sqft |
Source: StateWide MLS RI #1357862 Report a problem | ||
| 8/29/2024 | Pending sale | $12,500,000$2,846/sqft |
Source: StateWide MLS RI #1357862 Report a problem | ||
| 8/14/2024 | Contingent | $12,500,000$2,846/sqft |
Source: StateWide MLS RI #1357862 Report a problem | ||
| 6/25/2024 | Price change | $12,500,000-10.7%$2,846/sqft |
Source: StateWide MLS RI #1357862 Report a problem | ||
| 4/29/2024 | Listed for sale | $14,000,000+100%$3,188/sqft |
Source: StateWide MLS RI #1357862 Report a problem | ||
| 10/31/2018 | Sold | $6,999,000-10.8%$1,594/sqft |
Source: Public Record Report a problem | ||
| 9/18/2018 | Pending sale | $7,850,000$1,787/sqft |
Source: Gustave White Sotheby's International Realty #1193929 Report a problem | ||
| 6/4/2018 | Listed for sale | $7,850,000+258.4%$1,787/sqft |
Source: Gustave White Sotheby's Realty #1193929 Report a problem | ||
| 7/30/2010 | Sold | $2,190,000-17.4%$499/sqft |
Source: Public Record Report a problem | ||
| 9/1/2009 | Listed for sale | $2,650,000-27.4%$603/sqft |
Source: Gustave White Sothebys International Realty #946199 Report a problem | ||
| 6/11/2009 | Listing removed | $3,650,000$831/sqft |
Source: Luxury Real Estate #875771 Report a problem | ||
| 5/28/2009 | Listed for sale | $3,650,000$831/sqft |
Source: Luxury Real Estate #875771 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
Nearby schools
GreatSchools rating
- 3/10Frank E. Thompson Middle SchoolGrades: 5-8Distance: 2.8 mi
- 4/10Rogers High SchoolGrades: 9-12Distance: 1.1 mi
- 4/10Pell Elementary SchoolGrades: PK-4Distance: 3.9 mi
- Rhode Island
- Newport County
- Newport
- 02840
- Ocean Drive
- 294 Ocean Ave
Nearby cities
Nearby neighborhoods
Nearby zip codes
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