Sale of Historic Ocean Drive Property

NEWPORT, RI  (September 16, 2024) – Gustave White Sotheby’s International Realty proudly announces the sale of the historic ‘Playhouse,’ an iconic landmark located on Newport’s renowned Ocean Drive. The propertywas sold for $9,935,000, making it the second highest sale in Newport this year to date according to data from the Rhode Island Multiple Listing Service. David Huberman and Mike Sweeney of Gustave White Sotheby’s International Realty represented the sellers, while Lee Scura of Residential Properties represented the buyers.

Originally designed by renowned architect Irving Gill as a carriage house and boathouse for the adjacent estate – “Wildacre” – “The Playhouse” was masterfully rebuilt to the highest standards by its current owners. Set on Prices Neck Cove on Ocean Avenue, this architectural gem combines historic charm with modern luxury and state-of-the-art amenities, including geothermal heating and cooling, a saltwater pool and spa, and a gourmet kitchen. The estate also features a garage with a spacious two-bedroom guest house. “The Playhouse” is a testament to Newport’s rich architectural heritage and enduring appeal as a premier luxury destination.

About Gustave White Sotheby’s International Realty 
Gustave White Sotheby’s International Realty is a full-service agency specializing in waterfront and luxury real estate and serving all of Rhode Island, including Block Island, as well as southeast Connecticut and coastal Massachusetts.  Gustave White has been in business for over 80 years as a leader in the luxury market and became Sotheby’s first affiliate in 1976.  Gustave White is also the Rhode Island Regent member of Who’s Who in Luxury Real Estate. Paul A. Leys, Co-owner of Gustave White Sotheby’s Int’l Realty, may be reached at 401-848-6706 or at pleys@gustavewhite.com. For more information visit https://www.sothebysrealty.com/gustavewhitesir/eng/

About Sotheby’s International Realty Affiliates LLC
Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby’s International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. In February 2004, Realogy Corporation, a global provider of real estate and relocation services, entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a full franchise system by Realogy’s subsidiary, Sotheby’s International Realty Affiliates LLC. Sotheby’s International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational, and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby’s auction house, established in 1744.