29 Augusta Lane, Newport Beach, California 92660, Newport Beach, 92660 - 7 bed, 8 bath
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Newport Beach, California 92660
This Strong Value Opportunity is a shovel-ready development project listed at $6,950,000—positioned well below the $7,458,100 Fair Market Value by 6%. This valuation gap offers $508,100 in Instant Equity for the buyer. Featuring Ready-to-Issue (RTI) plans for a 7,813 sqft mansion in the guard-gated Big Canyon community, this project boasts a Mint Condition Rating upon completion. With proximity to top-rated schools like Corona Del Mar High, this is an ideal acquisition for Real Estate Developers or Owner-Occupants seeking a bespoke legacy estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29 Augusta Lane Subject | $6,950,000* List Price | 7 | 8 | 7,813 | $955 | - |
A 2033 Holiday Sold | $5,725,000 | 5 | 8 | 5,744 | $997 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a shovel-ready new construction project with a 2026 completion date. As a brand-new build with Ready-to-Issue (RTI) plans, it features state-of-the-art HVAC and electrical systems, modern high-end kitchen and bath designs, and requires no maintenance, meeting the highest standards for mint condition.
Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
The property is delivered with Ready-to-Issue (RTI) plans, allowing a buyer to bypass the lengthy and complex Newport Beach permitting process and begin construction immediately.
Situated in the prestigious Big Canyon community, the lot offers 24-hour security and prime proximity to Fashion Island and the Big Canyon Country Club.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 7813, other record living area = 2886. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 4.
As an 'As-Is' sale of a development project, the $6.95M list price does not include construction costs, requiring substantial additional investment to realize the finished home.
The large 7,813 sqft building footprint on a 10,450 sqft lot results in high lot coverage, which may leave minimal room for traditional backyard landscaping or a large pool.
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.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-6 • 0.8 mi
Grades K-6 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 4.0 | 98% |
| Baths | 8.0 | 3.0 | 96% |
| Square foot | 7,813 | 2,623 | 99% |
| Lot Size | 10,450 | 7,500 | 87% |
| Price | $6.95M | $4.05M | 85% |
| Price per sq ft | $890 | $1.4K | 5% |
| Built year | 2026 | 1970 | 99% |
| HOA | $300.0 | $375 | 46% |
| Days on market | 26 | 138 | 2% |
May 12, 2026
$6,950,000
Initial Listing
May 20, 2022
$3,500,000
Public Record