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

home-pic
ACTIVE$7,650,000
29 Augusta Lane, Newport Beach, California 92660
7Beds
8Baths
7,813Sqft
10,450Lot
Year Built
2026
Close
-
List price
$7.65M
Original List price
$7.65M
Price/Sqft
-
HOA
$300
Days on market
-
Sold On
-
MLS number
OC25122995
Home ConditionExcellent
Features
Good View: City Lights, Neighborhood
Deck
Pool
Spa
Patio
ViewCity Lights,Neighborhood

About this home

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.

Nearby schools

9/10
Roy O. Andersen Elementary School
Public,K-60.5mi
7/10
Abraham Lincoln Elementary School
Public,K-60.8mi
9/10
Eastbluff Elementary School
Public,K-61.7mi
9/10
Corona Del Mar High School
Public,7-121.2mi

Price History

Date
Event
Price
06/04/25
Listing
$7,650,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (116 Listings)
Beds74
97%
Baths84
99%
Square foot7,8132,898
99%
Lot Size10,4507,700
81%
Price$7.65M$3.9M
87%
Price per square foot$979$1,373
8%
Built year20261971
99%
HOA$300
0%
Days on market154154
50%
Condition Rating
Excellent

This listing is for a 'shovel-ready' new construction project with a projected build year of 2026. The property, once completed, will be a brand new, custom-built mansion. All components, including kitchen, bathrooms, and systems, will be new, meeting the highest current quality standards and featuring modern designs as depicted in the architectural renderings. There will be no deferred maintenance or physical depreciation.
Pros & Cons

Pros

Premier Location & Security: Situated in the prestigious 24-hour guard-gated Big Canyon community, directly across from Fashion Island, offering unparalleled access to luxury amenities and high security.
Shovel-Ready Development: Delivered with Ready-to-Issue (RTI) permits and fully entitled plans, significantly streamlining the construction process and saving considerable time and effort for the buyer.
Grand Scale & Luxury Design: Plans for an expansive 7,813 sqft, 7-bedroom, 7.5-bathroom mansion featuring a study, game room, gym, sauna, and movie theater, designed for ultimate luxury living.
Customization Opportunity: The included architectural plans provide a unique chance for buyers to personalize and tailor the bespoke estate to their specific preferences and vision.
Desirable Views: The property offers appealing City Lights and Neighborhood views, enhancing the living experience.

Cons

Substantial Construction Costs: The listed price is for the land and plans; the buyer must finance and manage the entire construction of a 7,813 sqft luxury mansion, representing a significant additional investment.
Extended Project Timeline: Despite being shovel-ready, building a custom mansion of this scale will entail a multi-year construction period, requiring considerable time commitment and oversight from the buyer.
As-Is Sale Implications: The 'As-Is' sale condition means the buyer assumes all responsibilities and potential risks associated with the land and the construction project, requiring thorough due diligence.

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