Monday, June 19, 2017


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


#1     1677 N Doheny Drive, Los Angeles, CA 90069 with 5 bedrooms, 8 baths, 
and 12,000 sq.ft. is listed for sale at $44,000,000
Perched on a promontory above Hollywood's famed Bird Streets in the prestigious Sunset Strip enclave known as the Doheny Estates, sits this exquisitely designed architectural, custom home. A model of sophistication, it showcases unprecedented European craftsmanship and bespoke details which elevate the property to a true work of art. Just completed with discriminating vision by the European owner, who conceived of the home for himself, the residence sits on just under an acre of land and claims one of the most spectacular homesites in the city. A main drive gate opens to an expansive motor court which takes full advantage of the property's panoramic vistas, leading to a main residence and guest house adjoined by an expansive daylit lower level. A masterful achievement of concept and design, this singular residence presents a harmonious confluence of pristine, natural elements, unbridled craftsmanship, and European sensibility, offering an elevated and artful lifestyle experience. 


















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 hey 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 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     6406 Merritt Drive, Malibu, CA 90265 with 7 bedrooms, 11 baths, 
and 11,000 sq.ft. is listed for sale at $29,000,000.



A Douglas W. Burdge designed, newly constructed Tuscan Modern Villa. This estate is perched just above Malibu's famed Zuma Beach. Situated on it's own Bluff, this private, 4+ acre, securely gated compound features completely unobstructed, commanding front row views of whitewater, sand, coastline and sunsets. Features include an exquisitely furnished great room anchored by 2 life sized Fireplaces, Master Suite with his and hers baths overlooking the Pacific Ocean. A Chefs Kitchen, Theater Room, Game Room, Wine Cellar, Guest Suite & Gym. An entertainers Pool & Spa, and Outdoor Kitchen with outdoor Fireplaces makes this your own private resort overlooking Zuma Beach. Completed with the only the finest materials, there are no details overlooked, no expenses spared. With it's location and privacy, this estate is simply a one of a kind offering. 







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 homevalues 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     7540 N Silvercrest Way, Paradise Valley, AZ 85253 with 4 bedrooms,
5 baths, and 8,022 sq.ft. is listed for sale at $6,850,000.



Sweeping views from the mountaintop setting of this one of a kind home in Clearwater Hills. Originally built in 1971, the home was substantially re-built between 2003-2005. With contemporary architecture and design, this home is timeless. Gorgeous and unique features like a wall of water in the entry and a lighted onyx bar. Beautiful chef's kitchen, great room with pocketing doors bringing the outside in; and fabulous ceiling details as well as multiple skylights. With 4 bedrooms and 5 baths including a separate two-bedroom guest wing, this home is designed for flexible living. Add the six car garage; and you have the perfect entertainers retreat.











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     5366 Calumet Avenue, La Jolla, CA 92037 with 4 bedrooms, 4 baths, 
and 3,800 sq.ft. is listed for sale at $8,950,000.
Soaring high above the sea and sailing into an azure sky, Villa de Fuego y Agua is majestically perched atop the sun-soaked cliffs of La Jolla. Spanish-style architecture, arched entryway, and open-air courtyard welcome you to this nearly 4,000 sqft, stunner. Expansive living and dining area, elegant travertine fireplace, and open floor plan that flows effortlessly into a spacious kitchen. Showstopping 90-foot outdoor terrace with custom fire wall and panoramic ocean views. Opportunity of a lifetime!











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 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     20 Montecito Road, San Rafael, CA 94901 with 5 bedrooms, 6 baths, 
and 6,000 sq.ft. is listed for sale at $6,900,000.


Brick pillars frame the gateway that opens to this tree lined drive leading to this stunning two- time Marin Designer Showcase Property. Sited beautifully on over 1.5 level acres, the exclusive Country Club estate boasts sprawling level lawns, regulation tennis court, gardens, large entertainment patio with outdoor kitchen, pool and spa, all-encompassing breathtaking panoramic Bay to Mt. Tamalpais vistas that include Richmond and Bay bridges along with islands, ships and sailboats. This is truly a family compound built for indoor/outdoor resort living year around.Taken down to the studs and rebuilt in 1986, the over 6,000 square foot one-story residence has been remodeled since that time and expanded under the guidance of famed architect M. Dean Jones. The formal living and dining rooms feature high beamed ceiling, arched windows and French doors that open to the expansive grounds. The gourmet kitchen connects good food and good friends with large conversation/prep islands, skylights, top of the line appliances and cozy breakfast bay. The family/media room opens to courtyard, pool, spa and patio. The adult wing includes a romantic master suite, with his and hers baths and closets, office, indoor spa and separate guest suite. The children/guest wing features three en-suite bedrooms, kitchen/laundry and exercise room.
















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 thenext year. 

The median home value in Mercer Island 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% withinthe next year.

#1     8415 SW Soper Road, Vashon, WA 98070 with 5 bedrooms, 6 baths,
 and 9,969 sq.ft. is listed for sale at $20,000,000.
A Home where you will naturally connect. Where Ocean and Nature, Comfort and Lush Living intertwine. Gated and Naturally Private. A True Dream Home. Relax in your own spa or launch your boat and go fishing. Read a book in your own library or enjoy the best music sound through out the house. Watch a movie in your own theater or enhance your golf putting on your own green. Everything you ever desired and more. Call today for a private showing.











Today's Mortgage Rates
Mortgage Rates Holding Most of Their Recent Gains
Jun 16 2017, 4:37PM

Mortgage rates were flat today, after weaker-than-expected construction data prompted a positive bounce for bond markets.  In general, bonds (which dictate mortgage rates) improve when economic data is weaker.  Before this morning's data, rates were at risk of coming out slightly higher compared to yesterday's latest offings.

                                                                                                                          52 Week

ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.00%4.00%--3.34%4.39%
15 Yr FRM3.26%3.26%--2.69%3.61%
FHA 30 Year Fixed3.70%3.70%--3.15%4.10%
Jumbo 30 Year Fixed4.28%4.29%-0.013.42%4.60%
5/1 Yr ARM3.08%3.07%+0.012.80%3.25%
Updated: 6/16/17 3:10 PM


Today's Top Real Estate News



America's Cities Are Running Out Of Room


Bloomberg Report
By Patrick Clark 

Slide 1 of 10: <p>If you find it hard to find an affordable apartment or house in the US, you're not alone.</p><p> For the past several years, the country has been suffering from <a href="http://www.businessinsider.com/the-us-has-an-affordable-housing-crisis-2016-1?utm_source=msn.com&utm_medium=referral&utm_content=msn-slideshow&utm_campaign=bodyurl"> an affordable housing crisis</a>, making it especially difficult for an estimated 11.4 million extremely low-income (ELI) American households to find places to live. ELI households are defined as those earning below the poverty line or 30% of the area's average median income - whichever is higher.</p><p>From 2007 to 2013, the number of low-income households increased <a href="http://www.curbed.com/2016/5/19/11713134/affordable-housing-policy-rent-apartments"> 18%</a>, but funding for the largest federal housing programs remain below 2008 levels. HUD, the housing agency that funds anti-poverty efforts, could lose approximately <a href="http://www.businessinsider.com/habitat-for-humanity-ceo-trump-affordable-housing-2017-4?utm_source=msn.com&utm_medium=referral&utm_content=msn-slideshow&utm_campaign=bodyurl"> $6.2 billion</a> next year if the Trump administration's budget is approved.</p><p> While there is a nationwide shortage of affordable housing, some states are worse off than others. That's a reality reflected in <a href="http://nlihc.org/research/gap-report">a new report</a> by the National Low Income Housing Coalition, which analyzed the availability of affordable housing in every state. The report defines an affordable housing deficit as when ELI households must spend more than 30% of their incomes on rent and utilities.</p><p> Eight states have fewer than 30 affordable homes available per 100 households in extreme poverty, according to the report.</p><p> Check out these states and the full map below.</p>

A shortage of homes for sale has bedeviled U.S. house hunters in recent years, so why don’t builders build more? One problem is that they’re running out of lots to build on—at least in the places that people want to live.

Cities that were sprawling before the Great Recession have begun to sprawl again. Space-constrained cities, meanwhile, have run out of room to build. That reality has spurred developers to focus on center-city neighborhoods where high-density building is allowed—and new units command exceedingly high prices.   

At some point, said Issi Romem, chief economist at BuildZoom, vacant lots in desirable urban neighborhoods will run out. “If you have three days of rations left, you’ll be fine on day one, two, three,” said Romem, author of new research demonstrating home construction patterns. “On day 4, you have a problem.”

Historically, cities grew outward, as builders developed tracts on the periphery—then filled in the land between various developments over time. When these so-called expansive cities of the South and Southwest run out of infill land on which to build, developers simply pushed out further.

Some of these cities, like Austin and Nashville, have seen downtown boomlets. But more broadly, the building trends in those metros looks more like Dallas: Inside a 30-mile radius from the center of the city, new home sales decreased from 2000 to 2015. Outside the radius, though, sales are up by more than 50 percent. The same trend has played out to varying degrees in Phoenix, Atlanta, and San Antonio, among other cities.

In America’s most expensive cities, however, that dynamic has been turned inside out (or perhaps outside in). New construction trends in places like New York City have been tightly focused on downtown clusters where zoning rules permit high-density construction. These cities stopped expanding their geographic footprint decades ago, leaving builders to concentrate on finding buildable lots inside existing boundaries. 

As those lots became harder to find, land prices increase, reducing options for builders hoping to turn a profit. Developers building on pricey lots generally seek to offset land prices  by building more densely, Romem said. In many cases, that means focusing on high-end apartments that offer better profit margins. The wealthiest residents are the only ones who can buy, and a vicious cycle is created.

Lately, there has been some give as oversupply of new high-end apartments forces landlords in New York and San Francisco to drop prices on expensive aeries. Still, the broader pattern continues to lean in the direction of higher rents.

What happens next depends on whether voters and their elected officials rewrite zoning rules to allow denser construction, said Romem, particularly in neighborhoods currently limited to single-family homes. Under current rules, he said, it’s unlikely new housing will get built at affordable prices, pushing city-dwellers into a game of musical chairs rigged to favor the rich.

“As long as these cities continue to do well economically, you’re going see poorer folks replaced by richer folks,” he said. “You’re going to read stories about teachers not being able to find place to live.”



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