294 Ocean Avenue Newport, RI $ 14,000,000
294 Ocean Avenue
$ 14,000,000
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294 Ocean Avenue

Newport, RI, 02840
$ 14,000,000
Bedrooms4 Baths3.1 Sq 4,392

Monthly Estimate*

$ 97,794

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Single Family Home for sale in Newport, RI

for $14,000,000 with 4 bedrooms and 3 full baths, 1 half bath. This 4,392 square foot home was built in 1902 on a lot size of 0.83.

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.

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Single Family Active

Price

$ 14,000,000

Bedrooms

4

Full Bath

3

Half Bath

1

Property Type

Single Family

Taxes

$ 85,843

Style

CabinCottage,HistoricAntique

Lot Size

0.83

Year Built

1902

Town/City

Newport

County/Region

Newport

MLS | Web ID

1357862

Features
General
Interior Features WetBar Bathtub CedarClosets CathedralCeilings TubShower CableTV
Sewer Connected
Heating Baseboard Electric ForcedAir Gas Geothermal HydroAir HotWater Propane
Cooling CentralAir
Utilities SewerConnected UndergroundUtilities
Possession Negotiable
Appliances Dryer Dishwasher ExhaustFan GasWaterHeater Microwave Oven Range Refrigerator RangeHood Washer
Exterior Features Patio Barbecue
Zoning R120
Garage Spaces 1.0
Patio/Porch Features Patio
Architectural Style CabinCottage HistoricAntique
Pool Features InGround SaltWater
Security Features SecuritySystemOwned
Construction Materials Drywall Plaster Masonry ShingleSiding WoodSiding
Year Built 1902
Electric Item200AmpService CircuitBreakers Generator
View Water
Stories 2
Levels Two
Property SubType SingleFamilyResidence
Tax Year 2024
Waterfront Features Waterfront
Community Features Golf Marina NearHospital NearSchools RecreationArea Restaurant Shopping TennisCourts
County Newport
New Construction N
Property Type Residential
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
Other Structures GuestHouse Outbuilding
Total Rooms 10
Status Active
City Newport
Buyer Agent Compensation 2.5% VNS
View Y/N Y
Senior Community Y/N N
Lot Size Square Feet 36155.0
Waterfront Y/N Y
Carport Y/N N
Street Name Ocean
Spa Features HotTub
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 85843.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.youtube.com/watch_popup?v=krjwpGKaldM
Days on Market 10
Standard Status Active
Tax Assessed Value 8652700
Tax Lot 41
Property Sub Type Additional SingleFamilyResidence
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Interior
Basement None
Flooring CeramicTile Hardwood
Total Fireplaces 2
Fireplace Features Stone
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features ThermalWindows
Fireplace Y/N Y
Above Grade Finished Area 4392.0
Full Baths 3
Half Baths 1
Street Suffix Avenue
Total Bedrooms 4
Below Grade Finished Area 0.0
Electric On Property Y/N N
Total Baths 4
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Exterior
Parking Features Detached Garage GarageDoorOpener
Lot Features Private Secluded Waterfront
Water Source Connected
Total Parking 6.0
Lot Size Area 36155.0
Foundation Details ConcretePerimeter Stone
Spa Y
Building Area Total 4392.0
Lot Size Acres 0.83
Lot Size Units SquareFeet
Covered Spaces 1.0
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 294
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* Excluded Features
List By
Gustave White Sotheby's Realty

Broker

dhuberman@gustavewhite.com

Email

Affordability Calculator

$104,948
Per Month
93%
7%
0%
Monthly Principal & Interest
$97,794
Monthly Property Taxes
$7,154
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
248553 Elementary School
248554 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/29/2024$14,000,000 Listed Price

Map


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294 Ocean Avenue, Newport, RI, 02840 is a Single Family Home for sale at $14,000,000 with 4,392 sqft and a lot size of 0.83. 294 Ocean Avenue has 4 bedrooms, 3.1 baths, and was built in 1902. The property's zip code is 02840 which is in Newport, RI