"The Playhouse" is an iconic landmark on Prices Neck Cove, a picturesque inlet of the Atlantic Ocean. Located on Newport's 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, reflecting the highest specifications, materials, and craftsmanship. The interior 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 primary suite has 18 ft. 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. The 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.