294 Ocean Ave

Newport RI 02840

4392 sq. ft.

36154 sq. ft.

Other

Last sold for $10,442,000

David Huberman, last sold this property on 29 September 2025 after 37 days on market.

Overview

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.

Features

4 bedrooms

4 bathrooms

6 carspaces

1 garage space

4392 sq. ft. floor area

36154 sq. ft. lot size

Other

Estimated Value

Based on this property and similar 4 bedroom other properties sold in Newport over the last 12 months, the estimated median property value of 294 Ocean Ave is $1.63m.

Median value

$1.63m

Estimated value range

$680k - $10.44m

Median days on market

Estimated value trend

-20%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Newport. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 294 Ocean Ave

2025

Sold

$10,442,000

29 Sep 2025 by David Huberman, of Gustave White Sotheby's Realty

2024

Sold

$9,935,000

16 Sep 2024 by David Huberman, of Gustave White Sotheby's Realty

2018

Sold

$6,999,000

31 Oct 2018 by Michelle Drum, of Gustave White Sotheby's Realty

Happy sellers in Newport

We have insufficient information to provide an overview of customer satisfaction for Newport. Viewing the agent profiles, reviews and sales for Newport can provide insights for this location.