Sale of Historic Ocean Drive Property

NEWPORT, RI (September 29, 2025) – Gustave White Sotheby’s International Realty announces the sale of the historic ‘Playhouse,’ an iconic landmark located on Newport’s renowned Ocean Drive. The property sold for $10,442,000, making it the fourth highest residential 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 Hogan Associates represented the buyers in this quick sale, going under contract in less than a month.

Originally designed by renowned architect Irving Gill as a carriage house and boathouse for the adjacent estate – ‘Wildacre’ – ‘The Playhouse’ was masterfully rebuilt. Set on Prices Neck Cove on Ocean Avenue, this architectural gem retains much of its historic charisma combined with modern state-of-the-art amenities, including geothermal heating and cooling, a saltwater pool and spa, and gourmet kitchen. The property also includes a free-standing garage with two-bedroom guest house.

‘The Playhouse’ is a testament to Newport’s rich architectural heritage and enduring appeal. Aquidneck Island, and especially Newport itself, continues to draw the luxury real estate clientele,” stated Paul Leys, co-owner of Gustave White Sotheby’s Int’l Realty. “This sale marks the 14th property in Newport to sell over $10 million since January of 2020.”

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, as well as southeast Connecticut and coastal Massachusetts. Gustave White is currently celebrating 100 years in business as a leader in the luxury market and became one of Sotheby’s International Realty’s first affiliates 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 401-862-6706 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.