Wednesday, May 31, 2017


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


#1     100 Waterfront Lane, Montauk, NY 11954 with 5 bedrooms, 

4 baths,  and 7,000 sq.ft. is listed for sale at $48,000,000

Extraordinary oceanfront property in Montauk offering the ultimate in privacy. Spanning over 36 acres of private reserve, the heart-inspired creation by architect Frank Hollenbeck was based on a Chinese tea house with its Asian influenced blue tiled roof. By far the most private site in the Hamptons, this stylish and ultra-modern residence offers wooded hills and nature paths through private reserve leading to pristine ocean beaches, and is sited high on a bluff to capture commanding views of the Atlantic Ocean. A gated private driveway meanders through the private and scenic reserve leading to an incredible three level 7,000 square foot modernist retreat with every amenity for the most discerning buyer. Featuring five generous bedrooms, four bathrooms, a state-of-the-art movie theater, elevator, 10' triangular skylights, a Japanese tile roof, four gas fireplaces, 15 zone radiant heat including the garage, six separate central air zones with a dehumidification system, an automatic generator, and most significantly, steel reinforcement to withstand 150 mile winds. Fine materials, finishes and craftsmanship showcase the Honduran mahogany, Norwegian quartz counter tops and Italian carerra marble that punctuate the sleek ultra modern design. The wide sandy beach offers the best surf casting with no public access for miles affording tranquility and privacy. The luxurious modern home has been specially sited to take advantage of dramatic sunrise and sunset views. The property includes a 2-acre pond which forms a habitat for local flora and fauna and is surrounded by beautiful gardens and scenic pastures. At the ocean's edge, two naturally formed 100' jetties act as natural barriers to passing storms. Montauk offers a lifestyle of privacy and serenity and is considered the jewel of the Hamptons. The property is close to 4 star restaurants, high-end shopping, champion golf courses, wineries, horseback riding and stables, the Montauk Yacht Club, surfing, boating, deep sea fishing, numerous cultural events and is a few miles from the private Montauk airport. Montauk is also home to many celebrities and famous residents past and present. It's been said that the lifestyle in Montauk 'feels like your living on the edge of the world and at the same time close to the center of the universe'. 

















Today's Top Real Estate News

Case-Shiller: No Telling When Prices, Rates Will Force Housing Slowdown

By Jann Swanson
Mortgage News Daily

Home prices across the nine U.S. census divisions hit a 33-month high in March.  The S&P CoreLogic Case-Shiller U.S. National Home Price Index rose 5.8 percent from its level in March 2016, a 0.1 percentage point more than the annual increase it posted in February. 

On a month-over-month basis the Index gained 0.8 percent on a non-seasonally adjusted basis, and was up 0.3 percent after adjustment. The revised estimate for the monthly gains from January to February are 0.2 percent on a non-adjusted basis and 0.4 percent after adjustment.

The 10-City Composite index gained 5.2 percent from the previous March and posted an 0.9 percent increase from February both with and without adjustment.  The 20-City Composite was up 5.9 percent on an annual basis but only rose 0.1 percent from February on a non-adjusted basis.  

Seasonally adjusted the 20-City Composite also was up 0.9 percent.The annual results had been at the high end of the range of analysts' estimates for the 20-City Composite posted by Econoday, 0.4 to 0.9 percent with a consensus of 5.8 percent. The projections had been less on target with estimates of 0.4 percent and 0.8 percent for the respective non-adjusted and adjusted monthly changes.

Seattle, Portland,and Dallas reported the highest year-over-year gains among the 20 cities. In March Seattle led the way with a 12.3% year-over-year price increase, followed by Portland with 9.2%, and Dallas with an 8.6% increase. 

Ten cities reported higher price increases in the year ending March 2017 than in the year ending February 2017."Home prices continue rising with the S&P CoreLogic Case-Shiller National Index up 5.8 percent in the year ended March, the fastest pace in almost three years," David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices said.

While there is some regional variation, prices are rising across the U.S. Half of the 20 cities tracked by the S&P CoreLogic Case-Shiller indices rose more than 6 percent from March 2016 to March 2017. The smallest gain of 4.1 percent, in New York, was roughly double the rate of inflation.

Sales of both new and existing homes, housing starts and the National Association of Home Builders' sentiment index are all trending higher. Over the last year, analysts suggested that one factor pushing prices higher was the unusually low inventory of homes for sale. People are staying in their homes longer rather than selling and trading up. If mortgage rates, currently near 4 percent, rise further, this could deter more people from selling and keep pressure on inventories and prices. 

While prices cannot rise indefinitely, there is no way to tell when rising prices and mortgage rates will force a slowdown in housing. As of March, the National Index is 1.3 percent higher than the pre-crash peak it reached in July 2006, having bounced back by 39.5 percent from its low point in February 2012. 

The two composites have returned to their winter 2007 levels, but the 10-City is still down 7.6 percent from its July 2006 peak and the 20-City remains 5.4 percent lower.The S&P CoreLogic Case-Shiller Home Price Indices are constructed to accurately track the price path of typical single-family home pairs for thousands of individual houses from the available universe of arms-length sales data. 

The National U.S. Home Price Index tracks the value of single-family housing within the United States. The indices have a base value of 100 in January 2000; thus, for example, a current index value of 150 translates to a 50 percent appreciation rate since January 2000 for a typical home located within the subject market. 

The National Index in March was at 186.95 and the 10- and 20-City Composites had readings of 209.11 and 195.39 respectively.  Los Angeles has the highest index reading at 257.44 and Detroit the lowest at 111.01.


Today's Mortgage Rates                                                                              52 Week 



30 Yr FRM4.02%4.03%-0.013.34%4.39%
15 Yr FRM3.28%3.29%-0.012.69%3.61%
FHA 30 Year Fixed3.75%3.75%--3.15%4.10%
Jumbo 30 Year Fixed4.30%4.31%-0.013.42%4.60%
5/1 Yr ARM3.09%3.08%+0.012.80%3.25%
Updated: 5/26/17 2:04 PM

Today's Top LA Luxury Estate 


The median home value in Los Angeles County is $563,400. Los Angeles County home values have gone up 6.7% over the past year, Zillow predicts they will rise 0.8% within the next year.

The median home value in Brentwood, 90049 is $2,447,100. Brentwood home values have gone up 3.5% over the past year.  Zillow predicts they will rise 0.4% within the next year

    The median home value in Malibu is $2,866,300.  Malibu home values have gone up 4.3% over the past year.  Zillow predicts they will rise 0.2% within the year.

      The median home value in Bel Air, 90077 is $3,228,900  Bel  Air home values have gone down -(1.0%)  over the past year.  Zillow predicts they will go down  -(1.1)% within the next year.

        The median home value in Beverly Hills 90210 is $4,850,400.  Beverly Hills home values have gone up 1.3% over the past year.  Zillow predicts they will rise 0.6% with the next year.

        #1     28718 Palisades Drive, Lake Arrowhead, CA 92352 with 8 bedrooms, 9 baths, and 6,557 sq.ft. is listed for sale at $5,250,000.
        Magnificent Custom French Chalet in the heart of Lake Arrowhead--lake rights, with single Dock. 3 (4 if small) car garage at street level-attached to 2 story guest house with electronic gate--that rings to alarm system. Quaint courtyard leads to main home with 4 levels of custom, artistic craftsmanship. Main level "arrival lounge" hosts an entry lounge with 2 guests bedrooms, all rooms en suite. Next Level has 3 bedrooms including the beautiful master suite that hosts hues of blue to match the lake view, with a sauna, walk in closet and soaking tub and double vanities. Entertainment area outside 2 guest rooms at this level, with a tech room with camera & Vantage system operations. 3rd level down has main living area, kitchen with 2 large granite islands, 2 Viking Stoves, Warming tray, custom built copper hood-- powder room, & 2 guests bedrooms (all en suite), laundry room with grand storage & wine refrigerator. 4th level down is great game room with a separate private sound room, can be converted to media room. Full bar, fridge etc. that lead to deck with over sized spa, fire pit & built in bbq, leads to the path to the stone paved dock. Whole house is on an automated Vantage System for low voltage. *A snow-melt system on the driveway and down the stairs to entry door--Makes Snow Season more pleasurable This home was built with many natural materials,including on site crafting of Granite Boulders, local artisan Nancy Grace Faux Painted & carved TX Limestone. 
                                 .
        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 $418,700. Scottsdale home values have gone up 2.6% over the past year. Zillow predicts they will rise 0.4% withiin the next year. 

        The median home value in Carefree is $746,800. Carefree home values have gone up 
        3.6% over the past year.  Zillow predicts they will rise 1.3% within the next year.  

        The median home value in Paradise Valley is $1,604,200.  Paradise home values have gone up 1.3% over the past year. Zillow predicts they will rise 0.0% within the next year.

        #1     6045 E Foothill Drive, Paradise Valley, AZ 85253 with 4 bedrooms, 7 baths,      and 11,610 sq.ft. is listed for sale at $6,500,000.
        Mountain and city light views from every window, wonderful level yard and pool areas with beautiful patio settings. Finest finishes of Venetian plaster walls by craftsman from Italy, Portuguese limestone floors, 17th century french fireplace, hand crafted one piece iron staircase, accents of Portuguese tiles, wine room and entertainment bar. Kitchen with huge center island topped with one piece of walnut opening to cozy family room, media room. Master is an oasis, huge closet, exercise room, wood paneled office and elevator. Two bedrooms with living room area, plus fabulous complete guest house. Five + car garage and gated entry, Comfortable style, but every inch a treasure! 
        Top San Diego Luxury Estate 


        The median home value in San Diego County is $537,200. San Diego County home values have gone up 5.7% over the past year. Zillow predicts they will remain even 2.4% within the next year.

        The median home value in La Jolla, 92037 is $1,466,000. La Jolla, 92037 home values have gone up 2.2% over the past year.  Zillow predicts they will rise 1.8% within the next year.

          The median home value in Solana Beach 92075 is $1,278,200. Solana Beach 92075 home values have gone up 5.3% over the past year.  Zillow predicts they will rise 1.6%% within the next year.

          The median home value in Del Mar 92014 is $1,620,400 Del Mar home values have gone up 5.7% over the past year.  Zillow predicts they will rise 2.8% within the next year.

          The median home value in Rancho Santa Fe is $2,560,200. Rancho Santa Fe home values have declined -(4.1)% over the past year and Zillow predicts they will decline -(0.7)% within the next year.

          #1     6 Sixpence Way, Coronado, CA 92118 with 4 bedrooms, 6 baths, and 6,083 sq.ft. is listed for sale at $4,998,000.
          Spanish Hacienda Waterfront Home in the Coronado Cays . With an Amazing south facing, opens to pool and outdoor living. Has a large pool house with full bath and up stairs suite. Private chief kitchen area with Butlers walk-in pantry and circular breakfast room. This custom home is great for entertainment. Situated in two lots with 100 feet on the water with a boat slip.


            Top San Francisco Luxury Estate 

            Image result for San Francisco skyline pictures

            The median home value in San Francisco is $1,189,100. San Francisco home values have gone up 4.0% over the past year.  Zillow predicts they will decrease by 1.0% within the next year.


            The median home value in Sausalito is $1,254,300. Sausalito home values have gone up 2.6% over the past year. Zillow predicts they will rise 1.5% within the next year. 

            The median home value in Tiburon is $2,500,600. Tiburon home values have gone up 2.9% over the past year.   Zillow predicts they will rise 1.1% within the next year. 

            The median home value in Saratoga is $2,428,700. Saratoga home values have gone up 1.1% over the past year.  Zillow predicts they will rise 1.0% within the next year. 

            The median home value in Atherton is $6,145,500. Atherton home values have gone up 2.9% over the past year and Zillow predicts they will rise 0.8% within the next year.

            #1     21449 Toll Gate Road, Saratoga, CA 95070 with 7 bedrooms, 8 baths, 
            and 7,100 sq.ft. is listed for sale at $8,988,000.



            Hilltop Luxury with Old World Flair. Let this 7 bedroom, 7.5 bath castle of 7,100 sq. ft. (per county) nestled in the beautiful hills of Saratoga transport your guests to a world of medieval romance infused with modern luxury. Resting on a hilltop estate of 3.34 acres (per county) within the gated Quail Ridge enclave, this architectural landmark flaunts a plethora of amenities worthy of Silicon Valley nobility, including multiple fireplaces, Honduran mahogany paneling, and wraparound panoramas of the Bay Area and the Santa Cruz Mountains. Sumptuous grounds include a guesthouse, a 50-foot swimming pool, a vineyard of over 1,000 vines, and a motor court with a porte cochère and a four-car garage. Quickly access nearby recreation, historic downtown Saratoga, and coveted Saratoga Union schools.



              Top Seattle Luxury Estate 

              Image result for Seattle 
              The median home value in King County is $551,000. King County home values have gone up 13.6% over the past year.  Zillow predicts they will rise 5.6% within the next year.

              The median home value in Kirkland is $646,900.  Kirkland home values have gone up 16.1% over the past year.  Zillow predicts they will rise 6.1% within the next year.

              The median home value in Seattle is $653,400. Seattle home values have gone up 12.9% over the past year. Zillow predicts they will rise 5.5% within the next year.

              The median home value in Bellevue is $800,800. Bellevue home values have gone up 14.4% over the past year. Zillow predicts they will rise 5.7% within the next year. 

              The median home value in Mercer Island, WA is $1,378,300, Mercer island home values 
              have gone up 9.4% over the past year.  Zillow predicts they will rise 5.3% with the next year.

              The median home value in Clyde Hill is $2,345,400. Clyde Hill home values have gone up 10.9% over the past year. Zillow predicts they will rise 4.9% within the next year.

              The median home value in Medina is $2,454,700. Medina home values have gone up 10.8% over the past year and Zillow predicts they will rise 5.1% within the next year.

              #1     55-56 Friday Harbor, WA 98250 with 6 bedrooms, 7 baths, and 8,580 sq.ft. is listed for sale at $3,595,000.



              A very rare offering! 4 waterfront parcels, 2 homes and a private extended deep water dock! Located on Brown Island with easy access to the Town of Friday Harbor, the southwest-facing adjacent homes are each flanked by separate waterfront parcels for a total of over 3 contiguous acres and 480 +/- feet of medium bank waterfront. The spacious and well-built main home is designed with the enjoyment of gatherings at heart. Community marina, seasonal swimming pool and full-time island caretakers.

              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