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.
For sale
$11,600,000
294 Ocean Ave, Newport, RI 02840
4beds
4,392sqft
Est.:
Single Family Residence
Built in 1902
0.83 Acres Lot
$-- Zestimate®
$2,641/sqft
$-- HOA
What's special
Fieldstone fireplaceOceanfront siteStone wallsBluestone patioLandscaped groundsWide plank maple floorsSecond-floor master bedroom suite
- 5 days
- on Zillow |
- 4,174 |
- 179 |
Zillow last checked: 7 hours ago
Listing updated: August 27, 2025 at 06:59am
Listed by:
David Huberman 401-849-3000,
Gustave White Sotheby's Realty,
Mike Sweeney 401-862-0164,
Gustave White Sotheby's Realty
Source: StateWide MLS RI,MLS#: 1392749

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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
- 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: $2,641/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.
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