29 Augusta Lane, Newport Beach, California 92660, Newport Beach, 92660 - 7 bed, 8 bath

29 Augusta Lane, Newport Beach, California 92660 home-pic-0

29 Augusta Lane

Newport Beach, California 92660

ACTIVE
CONDITION: TEAR DOWN
7Beds
8Baths
7,813Sq Ft
10,450Lot Size

Property Price

LIST PRICE$7,150,000
EST. MARKET VALUE
$7,150,000

SUMMARY

Estimated Market Value

$7,150,000
Based on Realkey algorithm analyzing recent comparable sales in Newport Beach.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
29 Augusta Lane
Subject
$7,150,000*
List Price
787,813$915-
A
1700 Port Margate Pl
Sold
$5,500,000545,200$1,0580.4 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Tear down
TeardownExcellent

Property is land value only, full reconstruction required.

The property is a shovel-ready development site with RTI plans for a 2026 build. The current value is based entirely on the land and redevelopment potential, as the existing structure must be demolished to accommodate the proposed 7,813 sqft mansion; images provided are architectural renderings of the future state.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

    Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).

  • Shovel-Ready RTI Status

    The property is delivered with Ready-to-Issue (RTI) plans, allowing the buyer to bypass the lengthy and complex Newport Beach permitting process and begin construction immediately.

  • Premier Guard-Gated Location

    Situated in the prestigious Big Canyon community, the estate offers 24-hour security and unparalleled proximity to the Big Canyon Country Club and world-class shopping at Fashion Island.

CONSRISKS & DEFICIENCIES

  • Significant Construction Requirement

    As a ground-up development project, the buyer must commit substantial additional capital, time, and management effort to complete the 3-story mansion.

  • High Building-to-Lot Ratio

    With a nearly 8,000 sqft structure on a 10,450 sqft lot, the property may offer limited outdoor yard space compared to other estates in the same price bracket.

About 29 Augusta Lane

Exquisite Shovel-Ready Mansion Opportunity in Big Canyon, Newport Beach. Attention developers, investors, or owner-users seeking to create the ultimate dream home! Presenting 29 Augusta Ln, an exceptional Ready-to-Issue (RTI), shovel-ready project in the prestigious 24-hour guard-gated community of Big Canyon, Newport Beach, home to the renowned Big Canyon Country Club. This fully entitled new construction will be delivered RTI at the close of escrow, offering a rare chance to build a masterpiece tailored to your vision. This meticulously designed 3-story mansion spans 7,813 sqft of luxurious living space on a generous 10,450 sqft lot, situated on a serene cul-de-sac in the heart of Big Canyon. The thoughtfully crafted floor plan features: • 7 spacious bedrooms and 7.5 bathrooms, ensuring ample space for family and guests • Dedicated study room, perfect for remote work or quiet retreats • Game room, gym, sauna and movie theater, offering endless entertainment and wellness options • Seamless blend of elegance and functionality, designed for modern living Located directly across from Fashion Island, residents will enjoy unparalleled access to premier shopping, dining, and recreational activities. The included architectural plans allow buyers to customize this stunning property to their exact preferences, making it a truly bespoke estate. Offered as an As-Is Sale with plans included, this is a unique opportunity to build a legacy home in one of Newport Beach’s most coveted communities. Don’t miss your chance to own a piece of Big Canyon’s timeless prestige.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
2026
Lot Size
10,450 Sq. Ft.

Interior

Total Bedrooms
7
Total Bathrooms
8 (8 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$300.0 / Month

Neighborhood Insights

Newport Beach Unified Schools

Roy O. Andersen Elementary School

Grades K-6 • 0.5 mi

9/10

Abraham Lincoln Elementary School

Grades K-6 • 0.8 mi

7/10

Eastbluff Elementary School

Grades K-6 • 1.7 mi

9/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds7.04.0
96%
Baths8.03.0
99%
Square foot7,8132,643
99%
Lot Size10,4507,500
85%
Price$7.15M$3.85M
86%
Price per sq ft$915$1.4K
8%
Built year20261970
99%
HOA$300.0$375
48%
Days on market276162
89%

Pricing History

Listed for Sale

Feb 10, 2026

$7,150,000

$7,650,000

-7% Price Drop

Initial Listing

Price Change

Jun 4, 2025

$7,650,000

Initial Listing

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