Sunday, May 28, 2017


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


#1     2585 Riviera Drive, Laguna Beach, CA 92651 with 5 bedrooms, 11 baths, and 18,000 sq.ft. is listed for sale at $55,000,000.



Located in Abalone Point, an exclusive enclave of 12 oceanfront homes within the Irvine Cove Community in Laguna Beach and perhaps the most desirable oceanfront guard-gated community. Abalone Point offers it's residents an unsurpassed environment of incredible beauty with a private beach, tennis courts and 24 hour guard-gated security. The current owner who acquired the property from the Irvine family has created the finest oceanfront home in SoCal. Eight years of extensive attention to architectural and structural detail went into the building of this exquisite luxury Italian Palazzo. The owner's suite, 3 additional guest suites and guest house are spread out over 18,000 SQFT of luxury. The home also includes his and her offices, a commercial kitchen with a Bonnet Maestro range, screening room, gym, VIP bar, 10,000+ bottle wine cellar, pool cabana, craft room and a 6 car garage. The home is graced with gorgeous ocean view galleries and loggias, authentic Roman travertine, terrazzo floors, an oceanfront pool and spa and an adjacent oceanfront event lawn. Rose gardens, 100 year old olive trees, private patios, fountains imported from Europe, and a separate guest house. The design architects agree, it's the views that make this property so rewarding. A unique aspect of this property is that it's one of only a few one acre parcels on the water in Southern California. The location facing south with Western exposure provides the magnificent beauty of 180 degree ocean views. 










Today's Top Real Estate News

U.S. home prices to rise at a strong pace on tight supply

By Hari Kishan and Rahul Karunaker

U.S. home prices look poised to rise at a robust pace over the next few years, mainly because of a chronic shortage of houses and steady demand, a Reuters poll showed on Friday.

Still, a slim majority of analysts in the poll taken May 16-25 said the Trump administration should pursue some form of housing market deregulation, although 60 percent were not convinced that Congress would pass such policies.

The lack of any strong consensus among analysts in this poll and the one three months ago stems from uncertainty about what kind of deregulation, if any, will be proposed.
The administration's inability to push other promised legislation, like a healthcare overhaul, has also not helped matters.

But some respondents had strong words about any withdrawal of regulations put in place after the 2007-2008 housing market crash, which knocked property prices down by 40 percent in some areas and triggered a punishing global financial crisis.

"Coming out of a period where we had a real housing sector collapse and where prices seemed so out of line and now having surpassed that, any housing deregulation should be done very carefully," said FAO Economics chief economist Robert Brusca.

Even without stimulus, U.S. home prices are likely to rise at almost double the current rate of underlying consumer prices and wages, according to the latest Reuters poll of around 40 property market analysts and economists.

After climbing 5.0 percent in each of the last two years, the S&P/Case Shiller composite index of home prices in 20 metropolitan areas is expected to gain another 5.6 percent this year and 4.2 percent next year.

This is the fifth straight quarterly Reuters poll in which analysts have bolstered their view of higher prices in 2017.

"Healthy demand and low inventory continue to place upward pressure on home valuations," said Wells Fargo chief economist John Silvia. "Those trends look to remain in place in the near term and therefore continue to underpin solid, single-digit home price increases."

The latest data showed the number of houses for sale had dropped for 23 straight months from year-earlier periods. This pushed the median price in April to its highest since June 2016 and marked the 62nd straight month of year-on-year gains.

Turnover has not alleviated much pressure, either. In April, homebuilding dropped, new home sales plunged, and even resales fell from a more than 10-year high.
Property analysts now forecast annualized existing home sales in each quarter this year to average less than the 5.70-million-unit pace hit in March, which was the highest since February 2007.

Before the housing market crash, existing home sales peaked above a 7-million-unit pace in 2005.

"With the (April) supply of existing homes for sale at its lowest level since 1982, home sales will be constrained even as a strong labor market and gradual loosening in credit conditions supports housing demand," wrote Capital Economics property economist Matthew Pointon.

The average 30-year mortgage rate is now forecast at 4.25 percent this year and 4.60 percent in 2018, according to the latest poll. That is below expectations from just three months ago.

When asked to rate affordability of U.S. housing on a scale of 1 being the cheapest and 10 the most expensive, the median answer was 6. That is similar to what analysts rated British and Canadian property in separate polls.

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     2337 High Oak Drive, Los Angeles, CA 90068 with 5 bedrooms, 6 baths, 
and 4,495 sq.ft. is listed for sale at $8,495,000.



Sited on a flat promontory at the end of a private road this stunning ground up rebuild at the top of the Los Feliz Oaks is a soulful contemporary home worthy of the most discriminating buyer. Enter through the oversized custom wood doors to the main level awash in warm tones and fine finishes. Designed to organically transition from space to space the rooms flow seamlessly into each other forever revealing the astounding views of the city and the park. The main level living spaces with open floor plan and floor-to-ceiling windows were designed to capture the iconic views of the Griffith Park Observatory and Hollywood sign and is featured prominently in the Hollywood Hills. With 320 degree views this home is one of a handful of properties in The Oaks that unfolds to views extending from downtown Los Angeles to the beach communities and beyond to Catalina. There is a two-car parking garage with additional space for up to six cars on the expanded driveway parking bay.







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      19625 N 103rd Street, Scottsdale, AZ 85255 with 6 bedrooms, 8 baths, 
and 9,293 sq.ft. is listed for sale at $6,950,000.
Stunning and impeccable Silverleaf golf property! This 9,293 sf Spanish Colonial masterpiece is a turn-key offering, INCLUDING ALL FURNITURE & FURNISHINGS. Sitting on over 1 acre of golf frontage on the 2nd hole, this stately property offers the best in elegance, entertaining and function. Ideal floorplan for active families and empty nesters alike--four distinct bedroom wings (master and guest house on main level; 3 bdrm kids wing and separate junior master on second floor). Exquisite features throughout: 8 fireplaces, 6 wetbars, 13 premium TV's, luxury home theatre, dynamic Savant home automation, security cameras, commercial walk in freezer, indoor dog shower, 600 bottle walk in wine room, exercise room, 2 powder rooms, pool bath, game room, office w/hidden room, and gated entry. In addition, uncommon details are found in every room, including hand carved cabinetry, custom ceiling wood beam work and brick groin vaults, wood and stone flooring;, stone columns, built in display cabinetry on 2nd floor catwalk, Viking kitchen appliances, custom fireplace details, and much more. Gracious exterior spaces found in front, middle and back of home. Entry is through an elegant courtyard with fireplace and soothing fountain. Back area features an outdoor living room and BBQ Center facing the pool and large patio, capturing vast mountain and golf views. Two separate covered patios off the game room offer stunning vistas of golf course and city views from second floor--capping off what is surely one of the more exquisite homes in Arizona.















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     6909 Rancho La Cima Drive, Rancho Santa Fe, CA 92067 with 5 bedrooms, 6 baths, and 6,774 sq.ft. is listed for sale at $3,085,000.



Beautifully remodeled former home of California furniture style icon Michael Kreiss has been given a transitional, timeless look in Rancho Santa Fe's desirable Rancho La Cima enclave. The sprawling single-level ranch-style floorplan incorporates the must-have basics of good proportion, meaningful room relationships and an emphasis on indoor/outdoor living that is so popular in Southern California. The main home with five generous bedroom suites including a detached one-bedroom casita offers an office/den, a remodeled multi-purpose great room with fireplace, four-car garage and a large flex space for media, games, gym or artists' studio. Showcasing an impressive recent remodel, the master bath reveals dual closets, dual vanities and a meditation room. A bright, sun-filled kitchen with new appliances and an inviting breakfast nook have updated and transformed the residence, providing a stunning and dramatic turnkey opportunity. The privacy of beautiful grounds, complete with mature landscaping, colorful flower beds and a sprawling lawn, is enjoyed at the pool deck, under the cabana or at the resurfaced north/south-facing tennis court. Guard-gated Rancho La Cima provides the canvas for this newly minted 2017 remodeled masterpiece. Minutes from the village center of Rancho Santa Fe and within the sought-after Roger Rowe school boundaries, this location also provides access to shopping, restaurants freeways and San Diego's array of popular beaches.















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     2528 Union  Street, San Francisco, CA 94123 with 4 bedrooms, 6 baths, 
and 6,000 sq.ft. is listed for sale at $12,500,000.

                            . .

New construction, reminiscent of a London Townehouse. This wonderfully designed four-level home includes 4BD, 5.5BA, 3 family rooms, and features modern and sleek amenities. All floors are easily accessible by elevator or stairs which are awash with natural light. A spacious landscaped backyard, decks, incomparable North Bay panoramic views, and multi-car parking make this one-of-a-kind home truly special.











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     2431 Evergreen point Road, Medina, WA 98039 with 4 bedrooms, 3 baths, and 2,770 sq.ft. is listed for sale at $2,600,000.




Prime location in Medina! This charming traditional home has a graceful flow floor plan. Formal living room and dinning room. Large backyard patio perfectly sited to enjoy the peaceful private setting. Wrapped in 20,000+SqFt natural landscaping this lovely home is ready to live in and enjoy while you plan your dream home. Building permits of a 5,400 SqFt beautiful European style 2-story new home has been granted and it's ready to build! Contact listing agent for more information. Great community.














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