Friday, February 10, 2017


Today's Best Mansion and Top  Luxury Estates in Los Angeles, Phoenix, 
San Diego, San Francisco and Seattle Listed For Sale.

The definition of the word "mansion" varies but in U.S. real estate terms, it generally defined as single family residence of more than 8,000 square feet. Mega Mansion range from 20,000 sq,ft. and Super Mansions over 50,000 sq.ft. Until the mid 20th century most "mansions" would have a hall, two or three salons or drawing rooms, library, billiards room, ball room, dining room, breakfast room, morning room, study and numerous bedrooms but only 2-3 bathrooms.

Image result for hearst castle

Hearst Castle a national historic landmark mansion located on the central California coast includes 38 bedrooms, 42 baths and over 65,000 sq.ft of opulence. 

It was designed by architect  Julia Morgan, between 1919 and 1947 as a residence for newspaper magnate William Randolph Hearst, who died in 1951.


Today's Best Mansion Listed For Sale   

#1     800 Linda Flora Drive, Bel Air, CA 90049 with 5 bedrooms, 6 baths, and 
11,200 sq.ft. is listed for sale at $22,500,000.

Palazzo della Figlia, a powerful and dramatic Tuscan Villa occupies a majestic position on a protected nearly 1 acre knoll in the lush hills of Bel Air overlooking panoramic city to ocean views. Exceptional detail, elegant imported materials, stone floors and dramatic architecture blend to create a truly uncommon environment. 6 BR's, 9 BA's, 6 fireplaces, beamed ceilings, family room, game room, library with full walk-in bar, pool and spa. Total privacy and seclusion. A rare and remarkable environment.

800 Linda Flora Drive, Los Angeles, CA

800 Linda Flora Drive, Los Angeles, CA

800 Linda Flora Drive, Los Angeles, CA

800 Linda Flora Drive, Los Angeles, CA

800 Linda Flora Drive, Los Angeles, CA

800 Linda Flora Drive, Los Angeles, CA

800 Linda Flora Drive, Los Angeles, CA

800 Linda Flora Drive, Los Angeles, CA

800 Linda Flora Drive, Los Angeles, CA


Today's Top Real Estate News

Here are the 10 hottest rental markets to make investors' landlord dreams come true.



By Diana Olick
CNBC

A sign points toward a building renting tiny apartments in Seattle.

A sign points toward a building renting tiny apartments in Seattle.

Home prices continue to climb in already-expensive Seattle, but investors with enough cash to get into the city's landlord business could see big returns.

Seattle ranked in the Top 3 of the nation's best markets for rental real estate investors, according to an "opportunity" list from HomeUnion, a single-family-rental acquisition and management company.

Despite its high home prices, Seattle is seeing increasing demand for rental dwellings because of robust job growth in the area. Amazon alone recently announced it was hiring 100,000 new employees, and while they won't all work in Seattle, the corporate headquarters will need to grow for support. New jobs mean stronger demand for rental housing.

The story is much the same in Atlanta, which topped HomeUnion's list as the best opportunity for single-family-rental investors. Both the Falcons and the Braves are building new stadiums in Atlanta, which will create an estimated 75,000 jobs for the city. Plus, home prices in Atlanta have not yet recovered as well as those in other markets, so investors can get in more easily and reap higher rents because of the increased demand.

"Atlanta has moved up the list. They were late to the [recovery] party and are now seeing 3.5 percent rent growth" said Steve Hovland, director of research at HomeUnion. "They're also having a big decrease in single-family-rental vacancies."

Like Atlanta, Orlando, Florida, which came in at No. 2 on the list, is seeing an influx of retirees looking for warm climates. Orlando has both supply and demand, making entry prices for investors attractive. As the home of Walt Disney World and scores of other attractions, Orlando has set new tourism records, also boding well for its rental market.

"That will create thousands of leisure and hospitality jobs, which are lower paying, so they preclude home ownership," Hovland said.

While Atlanta topped the list because of its low entry price and high job growth, other markets made the Top 10 despite their cooler employment prospects. Detroit, Memphis, Tennessee, and Chicagohave relatively low home prices when compared with asking rents, making them lucrative for investors. While there has been considerable apartment construction in Chicago and other markets on the list, most of that has been on the luxury end and doesn't compete directly with single-family rentals.

Previously hot rental markets, like San Francisco and San Jose, California, have cooled for investors because new apartments compete more directly with those high-priced homes. With more apartment supply, rents are coming down, along with potential investor returns.



HomeUnion "opportunity" ranking, by metro area

1. Atlanta
2. Orlando
3. Seattle
4. Las Vegas
5. Chicago
6. San Diego
7. Oakland, Calif.
8. Detroit
9. Dallas-Fort Worth
10. Memphis

Today's Top LA Luxury Estate Listed For Sal


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     410 Dabney Lane, Beverly Hills, CA 90210 with 5 bedrooms, 7 baths, and 
6,200 sq.ft.is listed for sale at $18,500,000.

Slip into this mid-century modern oasis, the pinnacle of Beverly Hills style, 60s sexiness and 2017 smart living. Sinatra's flair with Bond's Technology. Tucked into one of Trousdale's most private streets, no expense was spared in pulling this 60s socialite dream home into the 21st century. From the sweeping roofline to the flared pool edge, every line is elegant and tantalising, as if sketched by Pininfarina. Meticulously detailed, every inch has been engineered to the slightest degree: from the heated terrazzo floors to the slabs of rare stone. Stir up a martini and set the scene: each detail is just a touch of a finger away via the Savant system. Stroll out to your poolside bar and floating lounge overlooking explosive views of LA. There is no substitute for this lifestyle. Welcome to Trousdale, where legends called home, from Elvis, Sinatra, Dean Martin to Nixon. "Dream as if you'll live forever, live as if you'll die today.


410 Dabney Lane, Beverly Hills, CA




410 Dabney Lane, Beverly Hills, CA

410 Dabney Lane, Beverly Hills, CA



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       10235 E Chino Drive, Scottsdale, AZ 85255 with 5 bedrooms, 6 baths and 
6,486 sq.ft.  is listed for sale at $3,795,000

Astonishing views, lush landscaping, charm and single story now available on a custom lot in The Parks at Silverleaf. This 3/4 acre lot provides amazing privacy with unobstructed long views. The main house has 3 ensuite bedrooms, den/theatre room, large living room and kitchen, while the 1,387 sq. ft. guest quarters has 2 large ensuite bedrooms and a living room with small kitchenette. An added bonus is the 455 sq. ft. game room/studio with bath above the garage, picking up extraordinary city light views and sunsets. Surrounding both houses is lush landscaping reminiscent of the Desert Botanical Gardens and charming courtyards for entertaining or just relaxing. The floorplan allows for great flexibility and the home is in impeccable condition. This lovely home is priced to sell.









  

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      100 Harbor Drive #2805, San Diego-Downtown, CA 92101 with 3 bedrooms, 
3 baths and 2,510 sq.ft is listed for sale at $3,000,000

Marvel at this glorious 28th floor, one-of-a-kind, three-bedroom Harbor Club residence. Boasting over 2,500 SQ. FT., this masterfully reimagined residence envelops over half of the entire 28th floor! Enjoy views as far as the eye can see in all directions. Uber-luxe finishes are found throughout and an expansive "heart-of-the-home" kitchen wrapped in views boasts exquisite granite and stainless countertops in addition to bountiful storage like no other!










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     2526 Francisco Street, San Francisco-Marina, CA 94123  with 5 bedrooms,
5 baths, and 3,945 sq.ft. is listed for sale at $5,988,000

Exceptional contemporary Marina 5-bedroom, 4.5-bathroom home, features open living level connecting to deck and lush garden, & a stunning master suite with Palace of Fine Arts views. Superb construction, designer finishes and attention to detail evident throughout this lovely home. Surrounded by only-in-SF destinations including Presidio, Crissy Field, Chestnut and Union Street shopping and restaurants.\

2526 Francisco St, San Francisco, CA 94123

2526 Francisco St, San Francisco, CA 94123

2526 Francisco St, San Francisco, CA 94123

2526 Francisco St, San Francisco, CA 94123

2526 Francisco St, San Francisco, CA 94123

2526 Francisco St, San Francisco, CA 94123

2526 Francisco St, San Francisco, CA 94123


2526 Francisco St, San Francisco, CA 94123

2526 Francisco St, San Francisco, CA 94123


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     166 Boundary Lane NW, Seattle-Blue Ridge, WA 98177 with 8 bedrooms, 9 baths, and 11,240 sq.ft. is listed for sale at $4,800,000.

Great opportunity in today's marrket. Provenance meets renaissance twelve miles from the heart of Seattle behold Chapel Lane Estate gently placed upon nearly 4.5 acres overlooking Puget Sound Views. An Icon of The Highlands neighborhood, timeless manse approaches its centennial remains a matchless estate positioned for the future within a global city on the rise. Spectacular Elizabeth Ayer design ahead of its time. Opportunity to perfect your own personal legacy below replacement cost.













Today's Mortgage Rates                                                                           52 Week 
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.13%4.12%+0.013.34%4.38%
15 Yr FRM3.34%3.33%+0.012.69%3.58%
FHA 30 Year Fixed3.75%3.75%--3.15%4.10%
Jumbo 30 Year Fixed4.26%4.25%+0.013.41%4.40%
5/1 Yr ARM2.99%2.98%+0.012.80%3.25%
Updated: 2/9/17 2:12 PM
Winning Streak Ends For Mortgage Rates
Feb 9 2017, 5:26PM

Mortgage rates finally moved higher after three straight days of solid improvement.  If it's any consolation, today's rise wasn't on par with even one of the past 3 days of gains, although that could change by tomorrow morning.  Weakness in the bond market primarily affected US Treasuries today, as opposed to the mortgage-backed-securities that dictate mortgage rates.  That allowed many lenders to make it through the day without recalling rate sheets and "repricing" for the worse.  If trading levels in bond markets don't change between now and tomorrow, it's likely that several lenders will be offering slightly higher rates in the morning.

4.125% remains the most common conventional 30yr fixed quote for top tier scenarios.  It would take a more substantial market movement to get the average lender back to 4.25%.
Yesterday, I said that the winning streak increasingly invited a pull-back in rates.  From here, locking is still the right call for risk averse borrowers.  Risk tolerant buyers have tougher decisions to make as today's market movements brought 10yr Treasury yields right to 2.40%--the first potential "stop loss" level for those interested in following bond markets more closely than the typical .125% gaps seen between mortgage rates.

Loan Originator Perspective


Today wasn’t what we were looking for but you can’t win them all.  Locking in gains now wouldn’t be a bad idea for short term closings.  Longer term I’m not convinced today marks the end of a trend.  I’d be willing to float though a small amount of additional losses from here.  My stop loss for locking is 2.42. -Jason B. Anker, Vice President- Loan Officer at Salem Five

Bond markets took a breather today, and rate rose after dropping the past 3 days.  This is hardly surprising, and further reinforces our current rate range.  There's still no apparent long term trend here, and any short term trends seem to last a few days at most.  In situations like this, I tell borrowers if they're happy with current pricing, might as well lock and take uncertainty out of the equation, presuming they're within 30 days of closing. -Ted Rood, Senior Originator

Today's Best-Execution Rates

  • 30YR FIXED - 4.125
  • FHA/VA - 3.75%
  • 15 YEAR FIXED - 3.375%
  • 5 YEAR ARMS -  2.75 - 3.25% depending on the lender

Ongoing Lock/Float Considerations

  • Rates had been trending higher since hitting all-time lows in early July, and exploded higher following the presidential election
  • Some investors are increasingly worried/convinced that the decades-long trend toward lower rates has been permanently reversed, but such a conclusion would require YEARS to truly confirm
  • With the incoming administration's policies driving a large portion of upward rate momentum, mortgage rates will be hard-pressed to return to pre-election levels until well after Trump takes office.  Rates can move for other reasons, but it would take something big and unexpected for rates to get back to pre-election levels.
     
  • We'd need to see a sustained push back toward lower rates (something that lasts more than 3 days) before anything less than a cautious, lock-biased approach makes sense for all but the most risk-tolerant borrowers.
     
  • As always, please keep in mind that the rates discussed generally refer to what we've termed 'best-execution(that is, the most frequently quoted, conforming, conventional 30yr fixed rate for top tier borrowers, based not only on the outright price, but also 'bang-for-the-buck.'  Generally speaking, our best-execution rate tends to connote no origination or discount points--though this can vary--and tends to predict Freddie Mac's weekly survey with high accuracy.  It's safe to assume that our best-ex rate is the more timely and accurate of the two due to Freddie's once-a-week polling method).
Thanks for reading today's Blog.  Looking for more information?  Have a comment?  Please call, text or email me at 619-944-8749 or furtree@msn.com 

Most importantly, have a great day!
Tom Furino

www.laluxuryrealestateupdates.com

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