Monday, June 12, 2017


Today's Best Mansion: It's lavish. It's huge. It's grand.  It's
 expensive.


#1     4130 Calle Isabella, San Clemente, CA 92672 with 7 bedrooms, 10 baths, 
and 12,854 sq.ft. is listed for sale at $44,000,000.


One of the most impressive oceanfront estates on the Southern California coast, this nearly three acre gated seaside compound sits on a scenic beach and renown surfing spot. Located in guard-gated Cotton Point Estates, this residence contains a multitude of spacious rooms within its nearly 13,000 square feet of living area. The expansive parcel with 450' of ocean frontage affords an eminently livable arrangement of these spaces that captures amazing garden, ocean and sunset views from every major room. Grand two story spaces with beamed ceilings and intricate brick + stone walls are situated to take in ocean views through bronze framed windows. Limestone floors, walnut millwork, and Venetian plaster complement the architecture and setting. The rustic motif creates a casual elegance perfect for living and entertaining in this seaside setting. Highlights include an enormous master suite with sitting room + private terrace, 3 bedroom guest house, sport court, 55' oceanfront pool, event lawn, and a 9 car garage. The residence is surrounded by generous terraces, broad lawns and mature gardens set above the ocean. Designed without compromise, this offering includes every imaginable amenity in a setting that is private, spacious, and surrounded by ocean views. 
















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     910 Fallen Leaf Road, Arcadia, CA 91006 with 6 bedrooms, 9 baths, 
and 11,658 sq.ft. is listed for sale at $8,880,000.



Nestled within the prestigious Upper Rancho neighborhood of Arcadia, this glittering estate designed by prominent designer Robert Tong has 11,658 square feet of total living space. The main residence (10,898 s/f) was built in 2015, with the addition of the pool house (760 s/f) in 2016. The main residence boasts generous use of marble, granite, travertine, wrought iron and solid hardwood and decorative molding. There are 4 bedroom suites, 2 master suites, mirrored exercise room with a dry sauna room, luxury powder room and home theater. Custom designed crystal chandeliers glitter throughout the house. The grand foyer has double-curved staircases and two stories-high lighted dome ceiling. Additional amenities include an elevator, 5 zoned A/C, library, wine cellar, gourmet kitchen, wok kitchen, outdoor BBQ kitchen, security camera integration systems, central vacuum and home automation system. The POOL HOUSE features a fireplace, wet bar and a full bathroom. The centerpiece of this home is swimming pool and outdoor entertainment center. There are three 8' tall and 6' wide waterfalls and streams flowing down into the pool. More impressive are two 8' by 6' 3D retractable screens in swimming pool. There is another home theater inside and a sound system that extends throughout the house. This manor is a delight for entertainers and families alike, combining elegance, function, pleasure, size and comfort.



















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     10040 E Happy Valley Road, Unit 8, Scottsdale, AZ 85255 with 4 bedrooms, 
6 baths, and 11,544 sq.ft. is listed for sale at $4,850,000.


Nestled among the natural desert landscape of North Scottsdale, a rare opportunity awaits. A uniquely designed estate inspired by Wallace Neff . This Spanish Revival property captures the soul and spirit of the most prestigious homes built during California's golden age. Ideally located in the sought after community of Desert Highlands, this timeless home is perched on three acres of privacy. Built by renowned builder Nance Construction the interiors include, intricate Portuguese limestone and ebony walnut flooring, hand plastered walls, soaring ceilings with elaborate wood beams and custom iron work by Peter Sevin. Artfully designed, the library includes lightened Georgia Sugar Pine Millwork that also serves as a convenient screening room, the carved detail is truly a vision to behold. The two story kitchen is astonishing with soap stone countertops, a large butcher block island, and a professional stainless steel appliance package, including a glass door Traulsen refrigerator and freezer, Thermador indoor grill, and a one of kind La Cornue French stove. The second floor of this manor has its own private entrances and showcases an additional laundry room, two oversized bedrooms, two luxurious baths, as well as an intimate second story patio. The breathtaking master suite has rich wood flooring, a large stone fireplace and hand crafted French doors that lead to a private patio and spa. The glorious master bath showcases marble top vanities, upholstered walls, his and her boutique style closets, hand-cut marble flooring and a deep free standing soaking tub. Mirroring the intricate details in the main home, the guest casita features an intimate kitchen with a Gaggeneu cooktop, a spacious bedroom, laundry room, and a luxurious bathroom. The grounds of this private estate are a glimpse into a timeless paradise. Designed by Santa Barbara Landscape Architect; Puck Erickson, spectacular archways line the grand sitting area that feature an outdoor fireplace, rose garden, and built-in barbecue. The mosaic tiled pool's dazzling waters lead up to a poolside cabana with wet bar and picturesque views of Pinnacle Peak. This magnificent property with star quality in the desert is simply awe-inspiring.






Today's 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% this 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% this 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     441 Ocean Blvd., Coronado, CA 92118 with 5 bedrooms, 7 baths, 
and 3,920 sq.ft.is listed for sale at $8,950,000.


The most magnificent Beach Home! This amazing Coronado Coastal home offers you incredible views of the Pacific Ocean. Peer across sand dunes to watch & listen to the waves crash along the shoreline, the sun set over Pt. Loma or the lights in the distance. Showcasing 5 amazing BR suites, most with Ocean views, Wrap around decks, roof deck w/ private spa, elevator, gated driveway. Completed in 2013 with an eye for details & an incredible positioning on the lot to maximize a truly one of a kind Ocean views.















Image result for Coronado Beach 

Today's 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      1900 Willow Road, Hillsborough, CA 94010 with 6 bedrooms, 8 baths, 
and 4,900 sq.ft. is listed for sale at $8,595,000. The best of both worlds....
old world character, new world amenities.


Just completed, this modern interpretation of the classic Craftsman blends in seamlessly to this premier lower Hillsborough neighborhood. Employing energy-efficient design principles, the sleek open concept floor plan begins with a dramatic great room that opens to a heated rear terrace, perfect for indoor/outdoor living. Striking finishes throughout are masterfully modern and functionally beautiful, while white oak floors tie every room together in quiet harmony. There are 5 bedrooms, each with en suite bath, plus 2 half-baths, and an office. The grounds are equally impressive with a pool and spa, landscaped gardens, and even restored historic gates at the front corner. This one-of-a-kind residence is also just minutes to shopping and dining in downtown Burlingame and has access to excellent Hillsborough schools. 








Today's 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      3351 NE Harrison Drive, Issaquah, WA 98029 with 4 bedrooms, 5 baths, 
and 4,454 sq.ft. is listed for sale at $4,288,000.


Luminescent Modern at The Highlands. Glass, steel and stone frames a panorama of views as far as the eye can see. Living spaces planned perfectly within walls of glass and a bright white interior. A brilliant design that elevates this residence to a new level of luxury. State of the art systems, technology, appliances, details and indoor-outdoor entertaining. Perfectly placed in a cherished community with schools, dining & shopping just minutes away. Chic. Modern. Sophisticated at every turn.








Today's Mortgage Rates

Mortgage Rates Continue Modestly Higher

Jun 9 2017, 4:13PM

Mortgage rates moved higher for the second straight day amid a general lack of actionable information.  Some investors noted that the results of the elections in the U.K. were surprising, but not in a way that was any help to interest rates.  In general, rates found most of their motivation from the absence of significant drama in this week's Comey hearing. Despite the modest increase, conventional 30yr fixed rates are still very close to their best levels of the year.
52 Week
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.01%4.00%+0.013.34%4.39%
15 Yr FRM3.26%3.25%+0.012.69%3.61%
FHA 30 Year Fixed3.75%3.75%--3.15%4.10%
Jumbo 30 Year Fixed4.29%4.28%+0.013.42%4.60%
5/1 Yr ARM3.05%3.04%+0.012.80%3.25%

Today's Top Real Estate News

Home Equity Gains Continue to Mount

Mortgage News Daily
By Jann Swanson

Homeowner equity increased by another 11.2 percent over the four quarters that ended with the first quarter of 2016.  CoreLogic's home equity analysis for the Quarter One, shows that the 63 percent of the country's homeowners who carry a mortgage gained $766.4 billion in equity over that period, an average of $13,400 each. Washington had the highest year-over-year average increase at $37,900, while Alaska experienced a small decline.



At the end of the first quarter of 2017, 3.1 million homes remained underwater, representing 6.1 percent of mortgaged homes.  This was 3 percent fewer than in the fourth quarter of 2016. On an annual basis, properties with negative equity declined by 24 percent from 4.1 million, a national rate of 8.1 percent.

Negative equity, often referred to as being "underwater" or "upside down," applies to borrowers who owe more on their mortgages than their homes are worth. Negative equity can occur because of a decline in home value, an increase in mortgage debt or both. CoreLogic, which has tracked negative equity since the third quarter of 2009 says that its incidence peaked at 26 percent of mortgaged properties in Q4 of that year.

"One million borrowers achieved positive equity over the last year, which means mortgage risk continues to steadily decline as a result of increasing home prices," said Dr. Frank Nothaft, chief economist for CoreLogic. "Pockets of concern remain with markets such as Miami, Las Vegas and Chicago, which are the top three for negative equity among large metros, with each recording a negative equity share at least twice or more the national average."

The national aggregate value of negative equity was approximately $283 billion at the end of Q1 2017, down quarter over quarter by approximately $2.6 billion, or 0.9 percent, from $285.5 billion in Q4 2016 and down year over year by approximately $21.5 billion, or 7.1 percent, from $304.5 billion in Q1 2016.

"Homeowner equity increased by over $750 billion during the last year, the largest increase since mid-2014," said Frank Martell, president and CEO of CoreLogic. "The rising cushion of home equity is one of the main drivers of improved mortgage performance. It also supports consumer balance sheets, spending and the broader economy."

The highest percentage of homes with positive equity in the first quarter was in Texas at 98.4 percent. It was followed by Utah (98.2 percent), Washington (98.2 percent), Hawaii (98.1 percent) and Colorado (98 percent).
Nevada had the highest percentage of homes with negative equity at 12.4 percent, followed by Florida (11.1 percent), Illinois (10.5 percent), New Jersey (10.2 percent) and Connecticut (9.9 percent). These top five states combined account for 32.6 percent of outstanding mortgages in the U.S. 


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