294 Ocean Ave Newport, RI 02840
Ocean Drive Neighborhood
4
Beds
3.5
Baths
4,392
Sq Ft
0.83
Acres
Highlights
- Marina
- Golf Course Community
- Waterfront
- Guest House
- In Ground Pool
- Private Lot
About This Home
As of September 2024The 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.
Last Agent to Sell the Property
Gustave White Sotheby's Realty Brokerage Phone: 401-849-3000 License #RES.0031635 Listed on: 04/29/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $60,309
Year Built
- Built in 1902
Lot Details
- 0.83 Acre Lot
- Waterfront
- Private Lot
- Secluded Lot
- Property is zoned R120
Parking
- 1 Car Detached Garage
- Garage Door Opener
Home Design
- Antique Architecture
- Stone Foundation
- Wood Siding
- Shingle Siding
- Concrete Perimeter Foundation
- Masonry
- Plaster
Interior Spaces
- 4,392 Sq Ft Home
- 2-Story Property
- Wet Bar
- Cathedral Ceiling
- 2 Fireplaces
- Stone Fireplace
- Thermal Windows
- Water Views
- Security System Owned
Kitchen
- Oven
- Range with Range Hood
- Microwave
- Dishwasher
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Cedar Closet
- Bathtub with Shower
Laundry
- Dryer
- Washer
Pool
- In Ground Pool
- Spa
- Saltwater Pool
Outdoor Features
- Patio
- Outbuilding
- Outdoor Grill
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Heating System Uses Propane
- Baseboard Heating
- Geothermal Heating and Cooling
- Heating System Uses Steam
- Underground Utilities
- 200+ Amp Service
- Power Generator
- Gas Water Heater
- Cable TV Available
Additional Features
- Guest House
- Property near a hospital
Listing and Financial Details
- Tax Lot 41
- Assessor Parcel Number 294OCEANAVNEWP
Community Details
Amenities
- Shops
- Restaurant
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 29, 2024
Closed on
Sep 13, 2024
Sold by
Forest E Patten Ret and Patten
Bought by
Boomerang Acquisi Llc
Seller's Agent
Dave Huberman
Gustave White Sotheby's Realty
Buyer's Agent
Lianne Scura
Residential Properties Ltd.
List Price
$14,000,000
Sold Price
$9,935,000
Premium/Discount to List
-$4,065,000
-29.04%
Views
533
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,701,269
Avg. Annual Appreciation
-6.30%
Purchase Details
Listed on
Jun 4, 2018
Closed on
Oct 31, 2018
Sold by
David P Vieau Ret
Bought by
Forest E Patten Ret
Seller's Agent
Michelle Drum
Gustave White Sotheby's Realty
Buyer's Agent
Teri Degnan
Teri Degnan RE & Consulting
List Price
$7,850,000
Sold Price
$6,999,000
Premium/Discount to List
-$851,000
-10.84%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.14%
Purchase Details
Closed on
Jul 30, 2010
Sold by
Peterson Gayle P
Bought by
Vieau David and Vieau Joann
Similar Homes in Newport, RI
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $9,935,000 | None Available | |
| Deed | $9,935,000 | None Available | |
| Deed | $6,999,000 | -- | |
| Deed | $2,190,000 | -- | |
| Deed | $6,999,000 | -- | |
| Deed | $2,190,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $600,000 | Unknown | |
| Previous Owner | $200,000 | Unknown | |
| Previous Owner | $2,200,000 | No Value Available | |
| Previous Owner | $1,800,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/16/2024 09/16/24 | Sold | $9,935,000 | -20.5% | $2,262 / Sq Ft |
| 08/29/2024 08/29/24 | Pending | -- | -- | -- |
| 06/25/2024 06/25/24 | Price Changed | $12,500,000 | -10.7% | $2,846 / Sq Ft |
| 04/29/2024 04/29/24 | For Sale | $14,000,000 | +100.0% | $3,188 / Sq Ft |
| 10/31/2018 10/31/18 | Sold | $6,999,000 | -10.8% | $1,479 / Sq Ft |
| 10/01/2018 10/01/18 | Pending | -- | -- | -- |
| 06/04/2018 06/04/18 | For Sale | $7,850,000 | -- | $1,659 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $71,125 | $8,652,700 | $6,372,900 | $2,279,800 |
| 2023 | $55,237 | $5,568,200 | $4,154,200 | $1,414,000 |
| 2022 | $53,510 | $5,568,200 | $4,154,200 | $1,414,000 |
| 2021 | $51,951 | $5,568,200 | $4,154,200 | $1,414,000 |
| 2020 | $41,685 | $4,055,000 | $2,510,100 | $1,544,900 |
| 2019 | $41,685 | $4,055,000 | $2,510,100 | $1,544,900 |
| 2018 | $40,509 | $4,055,000 | $2,510,100 | $1,544,900 |
| 2017 | $40,881 | $3,646,800 | $2,228,000 | $1,418,800 |
| 2016 | $39,860 | $3,646,800 | $2,228,000 | $1,418,800 |
| 2015 | $38,199 | $3,580,000 | $2,228,000 | $1,352,000 |
| 2014 | $35,138 | $2,913,600 | $1,740,600 | $1,173,000 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2024
Dave Huberman
Gustave White Sotheby's Realty
(401) 316-6051
4 in this area
51 Total Sales
-
L
Buyer's Agent in 2024
Lianne Scura
Residential Properties Ltd.
(401) 714-2511
1 in this area
5 Total Sales
-
Seller's Agent in 2018
Michelle Drum
Gustave White Sotheby's Realty
(401) 265-3423
5 in this area
70 Total Sales
-
Seller Co-Listing Agent in 2018
Kimberly Fleming
Gustave White Sotheby's Realty
(401) 935-9075
49 Total Sales
-
Buyer's Agent in 2018
Teri Degnan
Teri Degnan RE & Consulting
(401) 474-9191
1 in this area
141 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1357862
APN: NEWP-000043-000000-000041
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