Monday, January 30, 2017

Today's Best Mansion and Top  Luxury Estates in Los Angeles, Phoenix, 
San Diego, San Francisco and Seattle Listed For Sale.
The exact definition of the word "mansion" varies but in U.S. real estate terms, it generally defined as single family residence of more than 6,000 square feet. Mansion derives through Old French from the Latin word "mansio". The English word "manse" originally defined a property large enough for the parish priest to maintain himself. The word "manor" comes from the same root territorial holdings granted to a lord who would remain there. Therefore, it is easy to see how a "mansion" came to have its meaning.  

Today's Best Mansion Listed For Sale 

#1     27 Upper Road, Ross, CA 94960 with 7 bedrooms, 8 baths, and 
9,691 sq.ft. is listed for sale at $22,900,000  

Reminiscent of a grand estate in Europe, this exquisite Estate includes a one bedroom guest house. It is  situated on 3 acres of magnificent Ron Herman designed gardens. Pool, gym, home theater, wine cave for 31,000 bottles, and majestic views of Mt. Tam. This unique gated estate offers extreme high quality, finest amenities, a spectacular garden and a timeless classic style.


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Today's Featured World Famous Mansion 
Hearst Mansion is the former home of William Hearst,  The famous newspaper tycoon, this extravagant Beverly Hills property was sold in 1947 for $120,000. Today it goes for over 1300 times that much, it has its own nightclub, and the neighbors include Tom Cruise and David Beckham
Hearst Mansion

Today's Top News Article

Chinese Buyers Still Key to the Success of Luxury Markets

By Anne Machalinski
Mansion Global

Real estate tycoon Zhang Xin of SOHO China. Xin and thousands of other wealthy Chinese individuals and companies are snatching up U.S. real estate, from Malibu Barbie dream homes in California to office space from Midtown Manhattan to Oakland. 

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Whether you’re looking at New York, London, Sydney or another global city, attracting foreign buyers is always key to the success of a real estate market, experts say.  And at present, high-net-worth buyers from mainland China are “essential to the success of the luxury sector,” according to broker Dolly Lenz. “Chinese buyers are generally ready, willing and able,” continued Ms. Lenz, founder of Manhattan-based Dolly Lenz Real Estate, “with no need for financing or request for any contingencies.”

But while they’re certainly still in demand, ever-tightening restrictions on outbound capital flow from mainland China have some people wondering if Chinese buyers are even attainable anymore. This is a topic that’s incredibly timely, said Jamie Mi, an international relationship executive at Melbourne-based real estate agency Kay & Burton, who spoke to Mansion Global from Hong Kong. And the answer is yes, the huge—and growing—number of wealthy people in China are “gettable,” she said, but in very specific ways when it comes to how they want to be dealt with, how much they want to spend, what types of properties they want to purchase, and in what timeline.

“There’s no better time to support the Chinese buyers,” Ms. Mi continued. “They want to buy. They want to relocate. They want to live a life overseas. And smart agents will go out and get them.”


While Chinese buyers didn’t use to care whom they worked with, and would often randomly reach out to brokers via websites like realtor.com or Zillow to test the water themselves, this has totally stopped, Ms. Lenz said. Instead, now they’re being well referred and keeping all their private information close to the vest. “Trying to make sure someone is qualified, and getting information on who the principals are, what they’re doing and why they’re doing it is very difficult—if not impossible—to track down,” Ms. Lenz said. “But if they’re well referred, you take that as a sign that they have the finances to make these purchases.”

And Ms. Lenz said that while previously, most Chinese buyers were happy to work with a broker team, and some even preferred to deal with an agent that spoke Chinese, recently, buyers have requested to stick with one consistent—an English speaking representative—and to bring in their own translator to handle all communication for them.


“This is a big change that they want to manage who they’re working with,” Ms. Lenz said, “and one that’s very specific to mainland Chinese buyers.” It likely boils down to their interest in privacy, she said, and their desire to keep any news of real estate purchases out of earshot from interested parties back home.


When it comes to how much they want to spend, there are a few types of Chinese buyers out there right now. 
At the lower end of the spectrum are buyers who want to spend under $5 million. This type of buyer is common in Australia, where foreigners can only purchase new construction, and have to pay extra stamp duty taxes and fees to do so, said Ken Jacobs, principal at Christie’s International Real Estate Australia.

“This investment is a toe in the water,” Mr. Jacobs said, that is likely to lead to a bigger purchase down the road if they show a good return.


When you consider how little you can get in the heart of Shanghai for $5 million—a two-bedroom apartment of about 100 square meters, or 1,000 square feet—this $5 million purchase also looks like a significant value elsewhere, Ms. Mi said. “You can almost buy a mansion in Beverly Hills or a home with a swimming pool in Melbourne for that amount,” she said.


The next investment level is between $8 million and $15 million, said Ms. Mi, a high volume, middle price range that’s relatively easy to get out of the country for most luxury buyers. Ms. Lenz said that this range is where she sees most Chinese buyers who are new to the New York, with many specifically requesting new properties that are under $10 million, and not a dollar more.

At the high end of the market are Chinese buyers who have already made significant investment in foreign real estate and in some cases, are ready to up the ante, experts say.
In Sydney, Mr. Jacobs said that local Chinese buyers with residency, either because they have a company operating in Australia or for another reason, have purchased the most expensive Australian properties for the past three years, with sales prices between $39 million to $70 million.

In New York, Ms. Lenz noted that within the last year or so, she’s had numerous Chinese buyers who already own multiple units in Midtown buildings request an introduction with the top developers in New York, Los Angeles and Sydney. “They’ve got $300 million to invest,” she said, “and are graduating from buying individual units to wanting to invest on the equity side of the deal.”


In terms of what Chinese buyers want, it’s simple: New, turn-key properties with big windows and high ceilings in whatever they consider the “best” location, experts say.

But as to their timeline for purchase, there’s some debate. While Ms. Lenz said she typically sees Chinese buyers who are ready to purchase right away, Ms. Mi noted that some buyers who are spending more than $20 million may need more time than they would have in the past to “organically move money out from China, through a relative or other means.”

As a result, settling on a property might take somewhere between six and 12 months instead of the three to four months that was common in the past. While these general tenets apply to how to “get” Chinese buyers today, experts note that the global luxury real estate ecosystem is always shifting, and currently going through some interesting changes.

In Australia, for instance, Mr. Jacobs said that he’s getting more inquiries from the U.K. after Brexit, from Europeans worried about terrorism, and from Americans concerned about a Trump presidency.


“All of these factors create a little shockwave that increase inquiries,” he said, which haven’t all translated to sales yet, but may do so. “There are more and more people looking for a safer and more controlled environment. While geography used to be our enemy because we’re so far away, it’s turned into a positive.”  


In New York, Ms. Lenz has recently seen an influx of Russian buyers, who like new-to- market Chinese buyers, are savvy negotiators that want new properties for under $10 million.

“Russians were completely out of the market for the last eight-plus years, and now they’re back in droves asking what they can buy,” she said—a change that she attributes solely to President Trump, who appears to have a positive relationship with Russia, taking office.


“This is great for developers who need new bodies,” Ms. Lenz said, adding: “It will be interesting to see what happens next.”


Today's Top LA Luxury Estate Listed For Sale 


The median home value in Los Angeles County is $551,600. Los Angeles County home values have gone up 7.4% over the past year, Zillow predicts they will rise 2.6% within the next year.

The median home value in Brentwood, 90049 is $2,523,000. Brentwood home values have gone up 10.5% over the past year.  Zillow predicts they will rise 3.0% with the next year.

The median home value in Malibu  is $2,893,700.  Malibu home values have gone up 6.6% 
over the past year.  Zillow predicts they will rise 2.0 % with the year.

The median home value in Beverly Hills is $3,033,400.  Beverly Hills hhome values have gone up 4.1% over the past year.  Zillow predicts they will rise 1.1% with the next year.

The median home value in Bel Air is $3,309,900. Bel  Air home values have gone up 5.3% over the past year.  Zillow predicts they will rise 1.8% within the next year.  

#1    9028 Crescent, Los Angeles,  90046 with 2 bedrooms, 2 baths, and 2,100 sq.ft. designed by Frank Lloyd Wright is listed for sale at $2,495,000.

Here is a are opportunity to experience the classic De Jonghe Residence, 1949 by Lloyd Wright with enhancements by architect John Powell. Constructed like Taliesin West of Stone, Concrete, Wood and Glass, the res idence is seemingly grown out of it's gated ridge-top. Sited for panoramic vistas: occupants live within the City, Ocean and Mountain views. Extensive outdoor decking flows seamlessly from the living room and kitchen areas inviting indoor-outdoor entertaining. There is a separate office below the living quarters. Ideal residence for the creative: artists, architects, writers, and actors looking for a residence providing peace and inspiration need look no further.







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Today's Top Phoenix Luxury Estate Listed For Sale 

A photo showing the skyline of Phoenix, looking north.  It shows the various buildings of the downtown area, as well as Sunnyslope Mountain in the background

The median home value in Scottsdale is $416,400. Scottsdale home values have gone up 4.0% over the past year. Zillow predicts they will rise 2.4% withiin the next year.

The median home value in Carefree is $750,000. Carefree home values have gone up 4.8% over the past year.  Zillow predicts they will rise 2.7% within the next year.

The median home value in Paradise Valley is $1,609,500. Paradise Valley home values have gone up 2.7% over the past year. Zillow predicts they will 2.0% with the next year.

#1     5290 E Exeter Boulevard, Phoenix, AZ 85018 with 10 bedrooms, 13 baths, and 18,000 sq.ft. is listed for sale at $16,850,000.

Taliesin trained and renowned architect, George Christensen is responsible for the design of this timeless home. On 5 acres, this estate is comprised of 4 separate structures including the 12,000 sf main house, a 3,500 sf guest house, a 1,900 sf office and a 1,500 sf gym and caretaker cottage. The main house has 6 bedroom suites 7.5 baths. Finishes like hand applied plaster walls, wide-plank white oak wood flooring, reclaimed beams, Hopes steel windows and doors, and multiple fireplaces set the stage for comfortable elegance and easy living. 
Arichitect George Christensen designed this 10-bedroom

Arichitect George Christensen designed this 10-bedroom

Arichitect George Christensen designed this 10-bedroom

Arichitect George Christensen designed this 10-bedroom

Arichitect George Christensen designed this 10-bedroom

Arichitect George Christensen designed this 10-bedroom

Arichitect George Christensen designed this 10-bedroom

Arichitect George Christensen designed this 10-bedroom

The pool of a home designed by architect George Christensen.

Arichitect George Christensen designed this 10-bedroom

Arichitect George Christensen designed this 10-bedroom

Today's Top San Diego Luxury Estate Listed For Sale


The median home value in San Diego County is $529,500. San Diego County home values have gone up 6.3% over the past year. Zillow predicts they will rise 2.4% within the next year.

The median home value in La Jolla, 92037 is $1,497,500. La Jolla, 92037 home values have gone up 6.5% over the past year.  Zillow predicts they will rise 2.3% within the next year.

The median home value in Solana Beach 92075 is $1,250,700. Solana Beach 92075 home values have gone up 3.3% over the past year.  Zillow predicts they will rise 2.5% within the next year.

The median home value in Del Mar 92014 is $1,675,700. Del Mar home values have gone up 9.1% over the past year.  Zillow predicts they will rise 2.5% with then next year.

The median home value in Rancho Santa Fe is $2,675,200. Rancho Santa Fe home values have declined -4.3% over the past year and Zillow predicts they will fall -1.1% within the next year.  

#1     5633 Taft Avenue, La Jolla, CA 92037 with 4 bedrooms, 3 baths, and 3.605 sq.ft. 
is listed for sale at $3,695,000.

Brand New Modern Architectural Masterpiece designed by renowned architect David Hertz in collaboration w/ Marmol Radziner named in the top 100 architects of the world. Energy efficient living spaces matched w/ a harmonious composition of textures including; Reclaimed Indonesian teak hardwood floors and decks, 2 fire pits, Italian tile, custom walnut cabinetry, top of the line kitchen appliances, custom Western doors and window systems.

5633 Taft Ave, La Jolla, CA 92037

5633 Taft Ave, La Jolla, CA 92037

5633 Taft Ave, La Jolla, CA 92037

5633 Taft Ave, La Jolla, CA 92037

5633 Taft Ave, La Jolla, CA 92037

5633 Taft Ave, La Jolla, CA 92037

5633 Taft Ave, La Jolla, CA 92037

5633 Taft Ave, La Jolla, CA 92037

5633 Taft Ave, La Jolla, CA 92037

Today's Top San Francisco Luxury Estate Listed For Sale


Image result for San Francisco skyline pictures

The median home value in San Francisco is $1,146,800. San Francisco home values have gone up 1.6% over the past year.  Zillow predicts they will rise 0.3% within the next year.

The median home value in Sausalito is $1,258,500. Sausalito home values have gone up 4.8% over the past year. Zillow predicts they will rise 0.5% within the next year. 

The median home value in Tiburon is $2,475,900. Tiburon home values have gone up 2.0% over the past year.   Zillow predicts they will rise 0.8% within the next year. 

The median home value in Saratoga is $2,372,300. Saratoga home values have gone up 0.8% over the past year.  Zillow predicts they will fall -0.3% within the next year.   

#1     168 Lunado Court, San Feancisco-Ingelside Terrace, CA 94127 with 5 bedrooms, 5 baths and 4,260 sq.ft. is listed for sale at  $3,500,000.

Nestled on an intimate cul-de-sac, this meticulously designed, masterfully crafted, contemporary Mediterranean estate embraces approximately 4,260 square feet. Impeccably constructed with stunning designer finishes throughout.This extra spacious home consists of 5 bedrooms, 5 bathrooms, a state of the art family/media room leading to a landscaped backyard,a fire-pit outdoor area, 12 zone radiant heat, CAT6, Solar panels,2 car garage + 2 car driveway,an over-sized lot!

168 Lunado Ct, San Francisco, CA 94127

168 Lunado Ct, San Francisco, CA 94127

168 Lunado Ct, San Francisco, CA 94127

168 Lunado Ct, San Francisco, CA 94127

168 Lunado Ct, San Francisco, CA 94127

168 Lunado Ct, San Francisco, CA 94127

168 Lunado Ct, San Francisco, CA 94127

168 Lunado Ct, San Francisco, CA 94127

168 Lunado Ct, San Francisco, CA 94127
    
Today's Top Seattle Luxury Estate Listed For Sale

Image result for Seattle

The median home value in Kirkland is $594,400.  Kirkland home values have gone up 13.1% over the past year.  Zillow predicts they will rise 5.3% within the next year.

The median home value in Seattle is $609,100. Seattle home values have gone up 13.3% over the past year. Zillow predicts they will rise 4.7% within the next year.

The median home value in Bellevue is $751,300. Bellevue home values have gone up 13.5% over the past year. Zillow predicts they will rise 4.8% within the next year. 

The median home value in Clyde Hill is $2,149,500. Clyde Hill home values have gone up 7.7% over the past year. Zillow predicts they will rise 3.3% within the next year 

The median home value in Medina is $2,353,600. Medina home values have gone up 
10.6% over the past year and Zillow predicts they will rise 4.2% within the next year. 

#1     1836 W Lake Sammamish Parkway SE, Bellevue, WA 98008  is listed for sale at $4,728,000.

Serene lakeside estate nestled on the shores of West Lake Sammamish. Your own piece of paradise awaits w/ 94 feet of shoreline, plus ALL the necessary amenities: dock, boat/jet-ski lifts, balcony, large covered outdoor living space, hot-tub, manicured grounds & ultimate privacy! Luxurious, Northwest-inspired architecture with the use of natural stone, theater, gym & wine cellar. Breathtaking PNW sunrises from the master w/5- piece spa bath. Proudly, one of the most spectacular homes on the lake!

1836 W Lake Sammamish Pkwy Se, Bellevue, WA 98008

1836 W Lake Sammamish Pkwy Se, Bellevue, WA 98008

1836 W Lake Sammamish Pkwy Se, Bellevue, WA 98008

1836 W Lake Sammamish Pkwy Se, Bellevue, WA 98008

1836 W Lake Sammamish Pkwy Se, Bellevue, WA 98008

1836 W Lake Sammamish Pkwy Se, Bellevue, WA 98008

1836 W Lake Sammamish Pkwy Se, Bellevue, WA 98008


1836 W Lake Sammamish Pkwy Se, Bellevue, WA 98008







Thanks for reading today's Blog.  Looking for more information?  Have a comment?  Please call, text or email me.  Most importantly, have a great day!

Tom

www.laluxuryrealestateupdates.com

www.phoenixluxuryrealestateupdates.com
www.sandiegorealestateflashreport.com
www.sanfranciscobayarealuxuryrealestateupdates.com
www.sealttleluxuryrealestates.com
www.todaysbestmansionsforsale.com

Tom Furino
Phone/Text 619-944-8749
email: furtree@msn.com