CCertihomes
294 Ocean, Newport, RI 02840

$14,000,000

4 beds 4 baths 4,392 sqft Built 1902Active

About this home

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.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$84,534/mo

Real estate (PITI + HOA + PMI)
$88,540
Principal + interest$63,496
Property tax + insurance$19,794
PMI / 2nd mortgage$5,250
Utilities
$2,053
Heating + cooling$880
Internet + TV + phone$127
Water + sewer + garbage$58
Transportation
$129
Car insurance + maintenance$129
Other (entertainment)
$127
$84,534/mo TLC
Budget$85,034/mo
Remaining after TLC$500/mo
Purchase price
$14,000,000
Down payment
$700,000 (5%)
Loan amount
$13,300,000
APR
4%

Quick facts

Type
Residential
Style
Cottage
Year built
1902
Lot size
0.83 ac
Stories
0
Heating
Electric, Natural Gas, Bottle Gas, Geothermal, Baseboard, Central Air, Forced Air, Forced Water, Gas Connected, Hot Air, Hydro-Air
Cooling
Central Air
Water
Connected
HOA
Annual tax
$85,843
MLS #
1357862
County
Newport

At a glance

Air conditioning
Fireplace
Pool
Garage (1)
Dishwasher
Waterfront

Home features

Appliances
Gas Water HeaterDishwasherDryerExhaust FanRange HoodMicrowaveOven/RangeRefrigeratorWasher
Interior
Cathedral CeilingsCedar ClosetStairsWet BarWalls: CeramicDry WallPaneledPlasterWoodPlumbing: CopperMixedPVCInsulation: CeilingFloorsWalls
Exterior
Guest HousePatio
Parking
DetachedGarage Door Opener
Pool
In GroundSalt Water
Fireplace
Stone
Flooring
Ceramic Tile, Hardwood
Sewer
Connected

Lot features

Local Historic District, Out Building, Private Compound, Underground Utilities

Neighborhood — 02840

MetricThis ZIPCountyUSA
Population25,6781,095,423299,088,112
Population Change Since1990-8.00%9.00%20.00%
Population Density3,344994
Male12,039529,266147,432,321
Female13,562566,157151,655,844
Never Married7,807266,40463,775,926
Married8,167435,678123,120,365
Separated1,47343,64212,639,686
Widowed1,69966,66815,467,586
Divorced2,69183,84323,075,029
Number Of House Hold10,531410,399111,826,380
Average House Hold Size2.272.562.60
Medial Age38.5237.2735.46
Median House Hold Income$48,216$47,553$48,276
Average House Hold Income$65,270$61,609$63,629
P C I$28,066$23,965$24,529
M D I$41,065$40,634$41,133
A T H E$52,096$49,940$50,898
S T R7.00%7.00%
W C J80.40%78.02%77.74%
(Zip) Code
2840

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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RI & State Wide MLS

Listing information last refreshed 4/29/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.

294 Ocean · Newport — $14,000,000 · Certihomes