294 Ocean Avenue

Newport, RI 02840

$14,000,000
Price
4
Beds
3
Baths
1
1/2 Bath
4,392 Sq. Ft.
$3,188 / Sq. Ft.
4,392
Sq. Ft.
$3,188
per Sq. Ft.

Description

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...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.
  1. Listed by David Huberman • Gustave White Sotheby's Realty
    P: 401-849-3000 dhuberman@gustavewhite.com

Property Details for 294 Ocean Avenue

Architectural Style
Cabin Cottage, Historic/Antique
Waterfront Y N
Yes
Waterfront Features
Waterfront
View
Water

Location

Listing Courtesy of Gustave White Sotheby's Realty
Add your commute
LISTING UPDATED: 05/10/2024 12:32 AM

Property Details for 294 Ocean Avenue

StatusActive
MLS #1357862
Days on Market32
Taxes$85,843 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1902
Lot Size0.83 AC / 36,155 SF
CountyNewport County

Location

Listing Courtesy of Gustave White Sotheby's Realty
Add your commute

Building Information for 294 Ocean Avenue

Stories2Year Built1902Building Size-Lot Size0.83 AC / 36,155 SF

Payment Calculator

$83,557 per month

30 year fixed, 7.25% Interest

Principal and Interest

$76,404

Property Taxes

$7,154

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 294 Ocean Avenue

Summary
Location and General Information
  • City: Newport
  • Community Features: Golf, Marina, Near Hospital, Near Schools, Recreation Area, Restaurant, Shopping, Tennis Courts
  • Postal City: Newport
  • Postal Code: 02840
  • Postal Code Plus4: 6525
  • State Or Province: RI
  • View Y N: Yes
  • Zoning: R120
  • Human Modified Y N: No
Parking
  • Attached Garage Y N: No
  • Covered Spaces: 1
  • Garage Spaces: 1
  • Garage Y N: Yes
  • Parking Features: Detached, Garage, Garage Door Opener
  • Parking Total: 6
Taxes and HOA Information
  • Tax Annual Amount: $85,843.00
  • Tax Assessed Value: 8652700
  • Tax Lot: 41
  • Tax Year: 2024
Virtual Tour
Property
Lot Information
  • Above Grade Fin SQFT: 4392.0
  • Below Grade Finished Area: 0.0
  • Building Area Total: 4392.0
  • Living Area: 4,392.00
  • Living Area Source: Public Records
  • Lot Features: Private, Secluded, Waterfront
  • Lot Size Acres: 0.83
  • Lot Size Area: 36155.0
  • Lot Size Square Feet: 36155.0
  • Lot Size Units: Square Feet
  • Parcel Number: 294OCEANAVNEWP
  • Stories: 2
  • Stories Total: 2
  • Property Sub Type Additional: Single Family Residence
Property and Assessments
  • New Construction Y N: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community Y N: No
  • Year Built: 1902
  • C L I P: 2,522,453,096
Utilities
  • Electric: Item200Amp Service, Circuit Breakers, Generator
  • Sewer: Connected
  • Utilities: Sewer Connected, Underground Utilities
  • Water Source: Connected
Interior and Exterior Features
Exterior Features
  • Exterior Features: Patio, Barbecue
  • Foundation Details: Concrete Perimeter, Stone
  • Pool Features: In Ground, Salt Water
  • Security Features: Security System Owned
Interior Features
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
  • Basement: None
  • Basement Y N: No
  • Bathrooms Full: 3
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 4
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Fireplace Features: Stone
  • Fireplaces Total: 2
  • Fireplace Y N: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Heating: Baseboard, Electric, Forced Air, Gas, Geothermal, Hydro Air, Hot Water, Propane
  • Heating Y N: Yes
  • Interior Features: Wet Bar, Bathtub, Cedar Closets, Cathedral Ceilings, Tub Shower, Cable TV
  • Levels: Two
  • Patio And Porch Features: Patio
  • Rooms Total: 10
  • Spa Features: Hot Tub
  • Spa Y N: Yes
  • Window Features: Thermal Windows
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No

Property History for 294 Ocean Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 294 Ocean Avenue

Taxable ValueLand$4,154,200Additions$1,414,000Total$5,568,200
Tax Record2023$55,237 ($4,603 / month)
Home Facts
Beds2Baths2.5Total Finished SqFt3,553 SqFtAbove Grade Finished SqFt3,553 SqFtStories2Lot Size31,882 SqFtStyleSingle Family ResidenceYear Built1902Year Renovated2015ZoningR120CountyNEWPORTAPNNEWP M:043 B:0041Fireplace TypeHas Fireplace

Schools near 294 Ocean Avenue

This home is within Newport School District.
Rating
School
Type
Grades
Distance
Public - 5 to 8
Public - 9 to 12
Public - 9 to 12
Public - PK to 4
Rating
School
Distance
Frank E. Thompson Middle School
Public5 to 8

Rogers High School
Public9 to 12

Newport Area Career Tech Center
Public9 to 12

Pell Elementary School
PublicPK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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294 Ocean Avenue is a single family home for sale in Newport, RI 02840. This property was listed for sale on April 29, 2024 by Gustave White Sotheby's Realty, it's currently listed at $14,000,000. It has been on the market for a total of 32 days and was last sold on October 31, 2018. This listing's school district is Newport School District. Nearby schools include Frank E. Thompson Middle School, Rogers High School and Newport Area Career Tech Center. 294 Ocean Avenue is a 4-bed, 3.5-bath, 4,392 sqft single family home built in 1902.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Gustave White Sotheby's Realty

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.