Wow House: 'The Playhouse' On Price's Neck

NEWPORT, RI -- Frederick Law Olmsted and Irving Gill teamed up to build a carriage and boat house on the inlet off Ocean Drive. The "Playhouse" has been rebuilt with a gourmet kitchen, wine refrigerator and a pizza oven from Italy.

• Address: 294 Ocean Ave, Newport, Rhode Island
• Price: $7,850,000
• Square Feet: 4732
• Bedrooms: 4
• Bathrooms: 3 Full and 1 Half Baths
• Built: 1902
• Features: "The Playhouse" is an iconic landmark on Prices Neck Cove, a picturesque inlet of the Atlantic Ocean. Located on famed Ocean Drive this property once served as a carriage/ boat house to the adjacent estate in a collaborative effort between San Diego Architect, Irving Gill and Frederick Law Olmsted. Today the "Playhouse" sits on a separate, majestic 1/2 acre oceanfront site. Completely rebuilt by the current owners, this property reflects the highest specifications, materials and craftsmanship. The interior space includes a new 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 gourmet 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, with the accompanying sitting area opening to an enclosed stone patio with a original fountain. The landscaped grounds include a travertine marble surrounded pool/spa area, with a mooring in the Cove.. There is a detached garage with exercise room, cedar closet and two bedrooms with shared bathroom on the second floor. Totally turn-key and ready for summer activities.

This listing originally appeared on realtor.com. For more information and photos, click here.