Residential Properties Ltd. is proud to announce the sale of 294 Ocean Avenue in Newport for $9,935,000. RPL Sales Associate Lee Scura Holloway represented the buyer as the selling agent in this transaction.
According to State-Wide MLS data, this is the second-highest residential home sale in Newport year to date.
“As the Realtor representing the buyer of ‘The Playhouse,’ I am honored to be a part of this momentous transaction,” Holloway said. “I wish my client much happiness and am pleased to bring this property to its next generation of ownership.”
"We are thrilled to represent the buyer of The Playhouse, a remarkable gem in Newport's real estate landscape,” RPL Newport Broker Manager Michele Brais said. “This sale marks another exciting step in Residential Properties' expanding footprint in Newport County, as we continue to connect iconic homes with discerning buyers."
This circa-1902 property is a landmark on Prices Neck Cove, a picturesque inlet of the Atlantic Ocean. The Playhouse once served as the carriage/boat house to the adjacent “Wildacre” Estate. Brought to life through a collaboration of San Diego Architect Irving Gill and Frederick Law Olmsted, The Playhouse sits on a majestic oceanfront site. With 4 bedrooms and 3.1 baths, it has been completely rebuilt with superlative materials and craftsmanship. From 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 primary bedroom suite has 18-ft. ceilings, a luxurious ensuite bath, and south-facing views of the cove and Atlantic Ocean beyond. The landscaped grounds include a new pool/spa area with a bluestone patio and surround, meticulously crafted stone walls, and a deeded mooring in the Cove. There is a detached garage/guest house as well, offering a separate living room, cedar closet, two bedrooms, and a bath. The location, amid the Gilded Age splendor of Newport’s past, is a 10-minute drive from downtown wharfs, marinas, restaurants, Colonial charm, and exciting nightspots.
With a prominent location in the Bellevue Gardens Shopping Center, RPL’s Newport office has increased its visibility in more ways than one, having listed and sold significant properties throughout Aquidneck Island, as exemplified by this Ocean Avenue sale.
“Residential Properties’ market share is stronger than ever in Newport,” RPL President and CEO Sally Lapides added. “We’ve always valued relationships and professionalism above all else. Whatever the price point, our skilled real estate advisors provide clients with a personalized experience shaped by decades of local knowledge. Strong branding and a reputation for trustworthiness are integral to our success throughout Rhode Island and have made us a fast-growing presence in Newport County.”
A native Rhode Islander and Certified Relocation Specialist, Lee Scura Holloway is excited to introduce buyers to every kind of property, from historic to new construction, and believes it is her job to empower her clientele to make confident, informed decisions. Lee distinguished her career in New York City working in commercial real estate, developing an impressive network spanning New England and New York. To learn more about Lee and to view her listings, please visit LeeScura.ResidentialProperties.com.
*Information based in whole or in part on data supplied by State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from State-Wide MLS as of September 2024.
