Friday, May 26, 2017


Today's Best Mansions: They’re lavish. They’re huge. They're grand. They're expensive.


#1     18501 Collins Ave PH 01, Sunny Isles Beach, Florida 33160 with 6 bedrooms, 
10 baths, and 19,160 sq.ft. is listed for sale at $35,000,000
Breathtaking direct ocean and bay views from this magnificent 6-bedroom 9.5 bathroom tri-level penthouse with unprecedented 60 foot private rooftop pool and the utmost lavish home elements. A private in-home glass elevator will whisk you effortlessly from your own rooftop to your grand salon, dining rooms, wine cellar and private gym adjacent to the master suite. Soak up sunrise and sunset views from expansive wrap-around terraces, including private hydrotherapy spa and swimming pool. Enjoy access to six full floors of private amenities, including a $100 million sky club, three swimming pools, multiple dining destinations, and membership privileges at the 300-acre Turnberry Isle Resort and golf club plus ownership privileges at Turnberry Marina and Fontainebleau aviation. 
Turnberry Ocean Club Condo Photo





Today's Top Real Estate News

Sacramento Is California's Newest Real-Estate Hot Spot

By Candace Jackson
Wall Street Journal


The once-sleepy government town is attracting a rush of buyers and flurry of development near its Golden 1 Center, a new NBA arena. Sacramento’s real estate market is shaping up to be one of the hottest in America. Home prices remain affordable by comparison to the Bay Area, with the median home price at $228 per square foot.              

Price cuts have been replaced by bidding wars. A once-sleepy downtown is flush with urban-renewal projects. A luxury condo tower with penthouses priced over $4 million is under construction. Sacramento, Calif., long seen as a fairly bland government town, is in the midst of a real estate boom.

When Suzanne Greer listed her six-bedroom home just outside of Sacramento last month, so many potential buyers showed up to the three-hour open house that her real-estate agent had to extend it by two hours. Offers started coming in that evening. Eight buyers entered a bidding war

Houses are moving fast. Homes in Sacramento have been selling in an average of 34 days—six days faster than they were at this time last year, and 28 days faster than the U.S. overall.

It is a dramatic turn of events for a city that just a couple of years ago was still struggling to pull out of a deep housing slump, even as other markets in California surged. Sacramento is finally seeing the kind of downtown resurgence that is been happening in cities across the U.S. over the past 10 to 15 years. And the region is partly benefiting from some spillover as San Francisco and Silicon Valley’s tech boom brings skyrocketing prices and a housing shortage, pushing buyers to look further afield.

The Cannery includes a 7.4-acre working farm.         






The Cannery includes a 7.4-acre working farm.

About an hour-and-a-half drive northeast of the Bay Area, Sacramento remains relatively affordable. The median price a square foot of a Sacramento-area home is $228, compared with $531 in the Bay Area.

If current trends hold, Javier Vivas, manager of economic research for Realtor.com, predicts that Sacramento prices will rise 7.2% this year over last year, compared with a national average of about 3% over the same period. San Francisco prices are forecast to rise by 8.4%. (News Corp., owner of The Wall Street Journal, also operates Realtor.com under license from the National Association of Realtors.)

Nick Sadek, a real-estate agent with Sotheby’s International Realty, says about a third of his buyers come from the Bay Area. One client, who works for Google and is able to work remotely, sold his small home in Menlo Park for $4 million and bought a 3,800-square-foot home in a Sacramento suburb for $1.3 million.

After 30 years in the Bay Area, Raleigh and Nan Klein say they were tired of by the Bay Area’s congestion and looking for an easier place to live.         





After 30 years in the Bay Area, Raleigh and Nan Klein say they were tired of by the Bay Area’s congestion and looking for an easier place to live.

Raleigh and Nan Klein sold their home in Alameda, near Oakland, last year to buy a home in Davis, 20 minutes outside of Sacramento. After 30 years, the empty nesters say they were tired of the Bay Area’s congestion and looking for an easier place to live.
“We were looking for somewhere we could walk and bike a lot,” says Mr. Klein.

In December, they purchased a two-bedroom home with a den in the Cannery, a new-home community set up around an urban farm that is bikeable to town. Though the couple declined to say what they paid for their homes, similar models start in the $700,000 range.

Developers are betting big on a revitalization of the city’s downtown, which is pocked with seedy areas and long offered little beyond offices and the state capitol building.  A partly vacant Westfield mall has been mostly dismantled to create Downtown Commons, an 11.8-acre pedestrian-friendly residential and commercial plaza. Developed by the NBA’s Sacramento Kings and JMA Ventures, it includes offices, shopping and the new Golden 1 Center, the only indoor/outdoor NBA arena that is 100% solar-powered (and boasts an $8 million Jeff Koons sculpture). 

Nearby, a local developer is turning a 100-year-old bank building into a 30,000-square-foot upscale food hall. Local developer LDK Ventures is turning an old 140-acre rail yard into a development with a Kaiser hospital, a Major League Soccer stadium, offices and housing.

Last year marked the opening of Sacramento’s Golden 1 Center. Boasting an $8 million Jeff Koons sculpture, it is the only indoor/outdoor NBA arena that is 100% solar-powered.         









A  partly vacant Westfield mall has been mostly dismantled to create Downtown Commons, an 11.8-acre pedestrian-friendly residential and commercial plaza. Developed by the NBA’s Sacramento Kings and JMA Ventures, it includes offices, shopping and the new Golden 1 Center, the only indoor/outdoor NBA arena that is 100% solar-powered (and boasts an $8 million Jeff Koons sculpture). Nearby, a local developer is turning a 100-year-old bank building into a 30,000-square-foot upscale food hall. Local developer LDK Ventures is turning an old 140-acre rail yard into a development with a Kaiser hospital, a Major League Soccer stadium, offices and housing.

One of the most ambitious residential projects is the Residences at the Sawyer. Offering city and river views, as well as room service and a concierge, the condominiums are breaking new ground in pricing and amenities. Set on top of a new 250-room Kimpton Hotel, condos also come with VIP access to Golden 1 Center, a private lounge and a pool and terrace overlooking the arena. One-bedrooms start at $600,000 and three-bedroom penthouses with over 3,300 square feet go up to just over $4 million, says director of sales Christopher Miller, of the Agency Development Group. The building, part of Downtown Commons, is expected to be completed in late 2017

The two-bedroom home has a den.         





Sacramento “went from one of the worst real-estate markets to one of the best,” says Vivek Ranadivé, a Silicon Valley-based founder of two tech companies, Tibco and Teknekron Software Systems, and owner and chairman of the Kings. He has purchased a condo in the Sawyer.

Real-estate agents and developers say the most desirable neighborhoods are in the urban core—a shift from the prior boom cycle around 2005, when suburban areas with gated developments and highly rated public schools were more popular.

Shelly and Paul Zehnder recently sold their suburban home to move downtown, where they’re in contract to purchase a 1,200-square-foot condo at the Residences at the Sawyer. With all three of their children now out of the house, the couple wants to be closer to the action. As Kings season ticket holders, they liked that they could see the arena from their two-bedroom unit.

‘We were looking for somewhere we could walk and bike a lot,’ says Mr. Klein, pictured here with his wife,         







Kaycie and Bryan Yong, who both work for the state of California, wanted to be close to downtown to shorten their commutes. With a budget of $300,000, they found that listings were often selling for $50,000 over asking. “It was really competitive,” says Ms. Yong, who is  expecting her first child in this month.  In November they purchased a new-construction three-bedroom home for $375,000 in McKinley Village, which is a short drive from downtown.

Local real-estate agents warn that Sacramento’s pace of growth may not be sustainable. Though the city of 485,000 has benefited from expansions in the medical and health-sciences industries, unemployment is 4.5% in Sacramento County, relatively high compared with the national average of 4.1% and San Francisco County’s 2.7%. Mr. Vivas of Realtor.com says the housing market needs more support from the local economy, instead of just demand from other areas.

The frenzied market can be a challenge. Mark and Andrea Goldsmith listed their home just outside of Sacramento in April for $1 million and got an offer six days later. The buyers were a Bay Area couple who offered to pay all cash. When it came time for the Goldsmiths to buy a house closer to the city, they found themselves in bidding wars. In the 20 months they spent looking, they say they saw prices in their target neighborhoods go up by about 20%.
They’re now in contract to pay $862,000 for a three-bedroom, 1,700-square-foot house that was listed for $769,000. “I think it was a risky time to buy,” says Ms. Goldsmith, a former home appraiser. “But we plan to live there for 10 or 20 years so I’m not worried about it.”
Today's Mortgage Rates                       52 Week 

30 Yr FRM4.03%4.05%-0.023.34%4.39%
15 Yr FRM3.29%3.31%-0.022.69%3.61%
FHA 30 Year Fixed3.75%3.75%--3.15%4.10%
Jumbo 30 Year Fixed4.31%4.33%-0.023.42%4.60%
5/1 Yr ARM3.08%3.10%-0.022.80%3.25%
Updated: 5/25/17 1:00 PM

Today's Top LA Luxury Estate 


The median home value in Los Angeles County is $560,500. Los Angeles County home values have gone up 1.6% over the past year, Zillow predicts they will rise 0.5% within the next year.

The median home value in Brentwood, 90049 is $2,471,800. Brentwood home values have gone up 5.1% over the past year.  Zillow predicts they will rise 1.3% within the next year

The median home value in Malibu is $2,866,500.  Malibu home values have gone up 4.8% over the past year.  Zillow predicts they will rise 0.7 % within the year.

The median home value in Bel Air, 90077 is $3,243,500. Bel  Air home values have gone up 0.2% over the past year.  Zillow predicts they will remain even -(0.5)% within the next year.

The median home value in Beverly Hills 90210 is $4,834,000.  Beverly Hills home values have gone up 3.5% over the past year.  Zillow predicts they will rise 0.6% with the next year.

#1     28929 Bison Court, Malibu, CA 90265 with 6 bedrooms, 4 baths, and 5,255 sq.ft. is listed for sale at $14,100,000.



Private gated Point Dume Modern Farmhouse designed by former owner James Perse with his unique fusion of warmth + California beach style. Set on just under 2 acres of expansive lawns and sculpted hedges. Wonderful entertaining space from inside/out. Spectacular scale of flat land provides endless possibilities for entertaining, family, friends + pets. Includes 2 coveted beach keys.















Today's Top Phoenix Luxury Estate  

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 $416,900. Scottsdale home values have gone up 2.5% over the past year. Zillow predicts they will rise 0.2% withiin the next year. 

The median home value in Carefree is $746,800. Carfree home values have gone up 

4.2% over the past year.  Zillow predicts they will rise 1.4% within the next year.  

The median home value in Paradise Valley is $1,594,100.  Paradise home values have gone up 1.6% over the past year. Zillow predicts they will rise 0.5% within the next year.


#1     4490 E Valley Vista Lane, Paradise Valley, AZ 85258 with 5 bedrooms, 7 baths, and 8,830 sq.ft. is listed for sale at $3,400,000.


Spectacular one of a kind views of Camelback, Mummy Mountain, Four Peaks and Squaw Peak distinguish this wonderful elevated custom home on 2.15 acres. Completely renovated in 2015. Elegant, charming and spacious formal living and dining rooms with floor to ceiling glass windows with plenty of room for entertaining. Home has a total of 5 full suite bedrooms with baths. Beautiful master suite includes an attached fully heated and cooled terrace exercise room. Home has a library and a huge recreation/movie room on 1st level for entertaining.. There is also a tastefully designed formal office space with separate entrance. The fully outfitted chef's kitchen with pantry opens to large family room. This home also has a walk-in wine storage room. Polished travertine and new distressed wood floors throughout the home. Custom built Cantera stone Columns and trim add elegance and style both inside and outside the home. 


..





Top San Diego Luxury Estate 


The median home value in San Diego County is $532,000. San Diego County home values have gone up 5.2% over the past year. Zillow predicts they will remain even 0.9% within the next year.

The median home value in La Jolla, 92037 is $1,473,100. La Jolla, 92037 home values have gone up 4.4% over the past year.  Zillow predicts they will rise 0.5% within the next year.

The median home value in Solana Beach 92075 is $1,265,700. Solana Beach 92075 home values have gone up 5.1% over the past year.  Zillow predicts they will rise 0.3%% within the next year.

The median home value in Del Mar 92014 is $1,649,900 Del Mar home values have gone up 8.1% over the past year.  Zillow predicts they will rise 1.9% within the next year.

The median home value in Rancho Santa Fe is $2,542,200. Rancho Santa Fe home values have declined -(5.2)% over the past year and Zillow predicts they will decline -(2.4)% within the next year.

#1     6246 Calle Del Alcazar, Rancho Santa Fe, CA 92067 with 4 bedrooms, 6 baths, and 6,063 sq.ft. is listed for sale at $2,794,000.


North side location! Sited on over 1 elevated ac. with expansive yard and a perfect young family or empty nester floor plan. All one level except for 24X44 bonus/train collectors room plumbed for bath &above 5 car garages. Master with 2 large kid's en-suite bedrooms at one end, loft above LR, office or 4th bedroom at other end + attached guest house. Solid hardwood doors, rich wood floors remodeled baths and kitchen, sparkling pool and spa, park-like grounds and walk to lake, tennis, equestrian ctr. and school.






Top San Francisco Luxury Estate 

Image result for San Francisco skyline pictures

The median home value in San Francisco is $1,167,700. San Francisco home values have gone up 1.5% over the past year.  Zillow predicts they will decrease by 0.1% within the next year.


The median home value in Sausalito is $1,272,400. Sausalito home values have gone up 3.6% over the past year. Zillow predicts they will rise 0.7% within the next year. 

The median home value in Tiburon is $2,497,100. Tiburon home values have gone up 1.9% over the past year.   Zillow predicts they will rise 0.2% within the next year. 

The median home value in Saratoga is $2,406,500. Saratoga home values have gone up 0.4% over the past year.  Zillow predicts they will rise 0.2% within the next year. 

The median home value in Atherton is $6,147,100. Atherton home values have gone up 3.0% over the past year and Zillow predicts they will rise 0.7% within the next year.


#1     3381 Laureles Lane, Pebble Beach, CA 93953 with 4 bedrooms, 6 baths, 
and 6,229 sq.ft. is listed for sale at $11,995,000.



Fabulous estate overlooking the ocean, Carmel beach, Point Lobos and Point Sur! Up the private lane and thru a gate this home sits atop a level lot. Living room is graced with a 20 ft. stone fireplace, wall of built-ins, wall of windows and framed by a library loft on both sides. The master suite is on the main level with an office, customized huge closet, private patio and views to forever. Three other en-suite bedrooms are in opposite areas of the home for privacy. One of the bedrooms is a guest apartment. The kitchen and breakfast room lead to a huge outdoor patio and BBQ area. The grand staircase has low risers for ease of climbing. The windows throughout the home are Konnen that tilt and turn. The elevator goes to second floor and down to a completely finished basement with a full wine cellar that holds 596 bottles and temperature controlled opposite a media room currently being used as an office. Decks and outdoor living space surround the home and take advantage of the views!




MLS #: ML81653059

MLS #: ML81653059
Image result for 3381 laureles lane, pebble beach, ca 93953 photos

Top Seattle Luxury Estate 

Image result for Seattle 
The median home value in King County is $540,400. King County 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 Kirkland is $626,600.  Kirkland home values have gone up 14.7% over the past year.  Zillow predicts they will rise 3.8% within the next year.

The median home value in Seattle is $638,100. Seattle home values have gone up 12.2% over the past year. Zillow predicts they will rise 5.1% within the next year.

The median home value in Bellevue is $783,000. Bellevue home values have gone up 13.9% over the past year. Zillow predicts they will rise 5.2% within the next year. 

The median home value in Mercer Island, WA is $1,363,600, Mercer island home values have gone up 10.3% over the past year.  Zillow predicts they will rise 5.1% with the next year.

The median home value in Clyde Hill is $2,298,400. Clyde Hill home values have gone up 10.8% over the past year. Zillow predicts they will rise 4.5% within the next year.

The median home value in Medina is $2,403,000. Medina home values have gone up 10.2% over the past year and Zillow predicts they will rise 4.8% within the next year.

#1     1224 2nd Street, Kirkland, WA 98033 with 5 bedrooms, 4 baths, and 4,870 sq.ft. is listed for sale at $2,890,000.


Elegant Tuscan style home with exceptional attention to detail, designer paint and textures, wrought iron and Venetian plaster. Hardwoods and custom great room concept with chef's kitchen, butler pantry and bar. Master suite has steam shower and cedar lined walk in closet. Main floor office. Custom BLT/ Great Room with chef's kitchen, butlers pantry & bar. Movie theater and temp controlled 500+ bottle wine cellar. Radiant floor heat, A/C, SONOS sound system, Lutron light sys, views and much more.










Thanks for reading "Today's Best Mansions"

Looking for more information?  Have a comment?  Need a Realtor referral?  Please call, text or email me at 619-944-8749 or furtree@msn.com.  Most importantly, have a great day


Cordially,


Tom Furino

PS.     Check out "Today's Best Mansions" and "Top Luxury Estates" in Los Angeles, Phoenix, San Diego, San Francisco and Seattle listed for sale anytime at:

www.todaysbestmansionsforsale.com
www.laluxuryrealestateupdates.com
www.phoenixluxuryrealestateupdates.com
www.seattlerealestateluxuryhomesupdates.com
www.sandiegorealestateflashreport.com
www.sfluxuryrealestateupdates.com