Thursday, July 20, 2017

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

#1      202 Kaikuono Place, Honolulu, HI 96816 with 4 bedrooms, 5 baths 

and 4,829 sq.ft. is listed for sale at $22,000,000.

202 Kaikuono Pl, Honolulu, HI 96816

Elegant multi-level contemporary oceanfront home near Doris Duke's Shangri La Estate with a gracious interior that opens onto terraces with some of Honolulu's finest views of an azure cove, coconut lined white sand beaches, the surf, sunsets and Diamond Head. A statement making, yet intimate house, with a stunning interior, just right for entertaining or hiding away. Featured in Forbes Magazine and Architectural Digest. Private deeded beach access to one of Diamond Head's finest beaches. Located at the end of a private street. Close to the shopping and restaurants of Kahala and Waikiki.

202 Kaikuono Pl, Honolulu, HI 96816

Today's Top LA Luxury Estate.

The median home value in Los Angeles County is $566,400. Los Angeles County home values have gone up 6.8% over the past year, Zillow predicts hey will increase 1.5% within the next year.

The median home value in Brentwood, 90049 is $2,425,700. Brentwood home values have 
gone up 3.0% over the past year.  Zillow predicts they will increase 0.6%within the next year

The median home value in Malibu is $2,885,000.  Malibu home values have gone up 4.6% over the past year.  Zillow predicts they will increase 0.9% within the year.

The median home value in Bel Air, 90077 is $3,264,800  Bel Air home values have gone up 0.5% over the past year.  Zillow predicts they will go down  (-0.2) within the year.

The median home value in Beverly Hills 90210 is $4,893,900.  Beverly Hills home values have gone up 0.4% over the past year.  Zillow predicts they will increase 1.3%  within the next year. 

#1        33603 Pacific Coast Highway, Malibu, CA 90265 with 7 bedrooms, 5 baths    and 2,592 sq.ft. is listed for sale at $55,000,000.
World Class state-of-the-art 25 acre equestrian ranch compound behind a private gate overlooking Malibu's beautiful ocean. Great for Developers, horse lovers, resort and spa visionaries, wine enthusiasts. (renderings available per request) 450 feet of frontage offers a new beautifully built 9 stall barn, with ocean views for each horse, a private office, computerized riding ring with special turf, separate office, studio, fruit and avocado orchards, trails, wells, This property has many opportunities to be subdivided into 3, 5 acre parcels. buyer to investigate ) Existing house is a 2 story with gorgeous ocean views, detached 3 Bedroom guest house, koi pond, pool, tennis court, back gate leads to airstream, and good for bringing horses up or equipment in. so much more.... must see to believe. 

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 $421,200. Scottsdale home values have gone up 2.8% over the past year.  Zillow predicts they will increase 1.4% within the next year. 

      The median home value in Carefree is $751,100. Carefree home values have gone up 3.6% over the past year.  Zillow predicts they will increase 2.5% within the next year.

      The median home value in Paradise Valley is $1,611,700.  %home values have gone up 1.0% over the past year. Zillow predicts they will increase 1.3% within the next year.

      #1       9820 East Thompson Peak, Estate # 727 with 7 bedrooms, 9 baths
       and 8,552 sq.ft. is listed for sale at $5,600,000

      Rare opportunity to own one of the BEST VIEWS in DC Ranch - a true home of distinction. Golf course, dramatic mountains, sunsets and brilliant city light views enhance a truly perfect estate home. This 7 bedroom plus office custom home built in 2011 by Archer Custom Homes has not only the quality custom finshes sought after in today's market, but a well thought out, livable floorplan - large double island kitchen opening to a beautiful great room, leading out to multiple spacious outdoor entertaining areas, outdoor kitchen and large grassy yard. The game/media room and guest quarters enhance both family living and entertaining. You don't want to miss this one IT IS STUNNING - both inside and out.

      Today's Top San Diego Luxury Estate 

      The median home value in San Diego County is $543,400. San Diego County home values have gone up 6.5% over the past year. Zillow predicts they will remain even 4.2% within the next year.

      The median home value in La Jolla, 92037 is $1,476,600. La Jolla, 92037 home values have gone up 1.1% this past year.  Zillow predicts they will increase 3.3% within the next year.

      The median home value in Solana Beach 92075 is $1,284,100. 
      Solana Beach 92075 home values have gone up 4.9% this past year. Zillow predicts they will rise 3.7%% within the next year.

      The median home value in Del Mar 92014 is $1,615,300 Del Mar home values have gone up 3.2% over the past year.  Zillow predicts they will increase 4.0% within the next year.

      The median home value in Rancho Santa Fe is $2,593,300. Rancho Santa Fe home values have declined -(2.9)% over the past year and Zillow predicts they will decline -(0.7)% within the next year.

      #1       7914 Costebelle Way, La Jolla, CA 92037 with 5 bedrooms, 5 baths 
      and 4,458 sq.ft. is listed for sale at $3,750,000.

      7914 Costebelle Way, La Jolla, CA 92037

      THERE ARE VIEWS, AND, THEN, THERE ARE VIEWS.... The excitement of this pulse-racing view is palatable. There is not one person who enters that doesn't say "WOW"! This extensively remodeled contemporary has a wonderful, appealing energy. Panoramic views span the coastline from The Cove to The Shores, and then some. Wake to the splendor of the ocean blue, entertain to the dazzle of night lights, and never miss a sunset.

      7914 Costebelle Way, La Jolla, CA 92037

      7914 Costebelle Way, La Jolla, CA 92037

      7914 Costebelle Way, La Jolla, CA 92037

      7914 Costebelle Way, La Jolla, CA 92037

      7914 Costebelle Way, La Jolla, CA 92037

      Today's Top San Francisco Luxury Estate

      Image result for San Francisco skyline pictures

      The median home value in San Francisco is $1,194,500. San Francisco 
      home values have gone up 5.5% over the past year.  Zillow predicts they will decrease by 1.5% within the year.

      The median home value in Sausalito is $1,256,800. Sausalito home values have gone up 3.5% over the past year. Zillow predicts they will rise 2.0% within the next year. 

      The median home value in Tiburon is $2,479,000. Tiburon home values 
      have gone up 3.1% over the past year.   Zillow predicts they will rise increase 1.5% within the next year. 

      The medium home value in Saratoga is $2,453,600.  Saratoga home values have gone up 2.8% this past year.  Zillow predicts they will increase 1.7% within the next year. 

      The median home value in Atherton is $6,343,800. Atherton home values have gone up 7.3% over the past year and Zillow predicts they will increase 1.8% within the next year.

      #1       27760 Edgerton Road, Los Altos Hills, CA 94022 with 4 bedrooms, 8 baths 
      and 7,886 sq.ft. is listed for sale aat $7,988,000.

      Elegant Sylvan Retreat. Nestled among heritage oaks, this architectural treasure  offers 4 bedrooms, 6 full and 2 half baths, and complete privacy on grounds of 1.65 acres (per county), showcasing award-winning gardens and a resort-like pool and spa with waterfall. Perfect for grand-scale entertaining as well as family living, it features a catering-grade kitchen, a mahogany-paneled library, and expansive multi-level decks. A dazzling 16-seat dining room and a unique cocktail foyer flank the regal octagonal living room. An elevator leads to a 75-seat theater/guesthouse where hundreds of celebrated musicians and speakers have performed. Enjoy convenient access to scenic parks, highways, and top-ranking Palo Alto schools.

      Today's Top Seattle Luxury Estate

      Image result for Seattle 
      The median home value in Kirkland is $665,900.  Kirkland home values have gone up 17.8% over the past year.  Zillow predicts they will rise 8.0% within the next year.

      The median home value in Seattle is $670,300. Seattle home values have gone up 14.5% over the past year. Zillow predicts they will rise 7.3% within the next year.

      The median home value in Bellevue is $819,700. Bellevue home values have gone up 15.6% over the past year. Zillow predicts they will rise 7.4% within the next year. 
      The median home value in Mercer Island is $1,401,000, Mercer island home values have gone up 10.7% over the past year.  Zillow predicts they will rise 6.7% with the next year.

      The median home value in Clyde Hill is $2,425,000. Clyde Hill home values have gone up 13.0% over the past year. Zillow predicts they will rise 6.8% within the next year.

      The median home value in Medina is $2,545,200. Medina home values have gone up 13.5% over the past year and Zillow predicts they will rise 7.0% within the next year.

      #1       5246 145th Place SE, Bellevue, WA 98006 with 5 bedrooms, 5 baths 
      and 7,950 sq.ft. is listed for sale at $3,888,000.

      Adorning an awe-inspiring, panoramic view second to none, enjoy unwinding to multi-colored sunsets over the downtown Bellevue and Seattle skylines, Lake Washington and the Olympic Mountains. Walk through the front doors to be greeted by a beautiful glass chandelier and spiral staircase which set the tone for this impeccable three-story home built in 2005. Designed with every story in mind, the lower level features a theater room with reclining chairs and large viewing monitor, a fully appointed mother-in-law or guest suite with separate kitchen and bath, and a 4-car garage. Continue upstairs to the main level dedicated to the home's sleeping quarters. Three oversized bedrooms on one wing, venture down the hallway past the sauna and Jacuzzi hot to a private master suite with spa-inspired bath and incredible walk-in closet. Meander up the staircase another level or take the elevator to the upper level dedicated to the living spaces. An expansive dining room in the middle with dome skylight overtop and floor-to-ceiling windows that take advantage of the view, enjoy hosting large parties through the open floor concept throughout the entire upper level. To the right of the dining room features a more intimate living space and adjacent meditation room, while to the left features a gourmet kitchen with oversized center island and top-of-the-line appliances featuring Dacor and Viking that opens up to a large deck and adjoining family room. From the solid maplewood finishes to the granite and bamboo flooring, to the stunning architecture and breathtaking views from nearly every room, you will love making memories in this home whether enjoying a peaceful morning from one of the property's many decks or entertaining for the masses! 

      Today's Top Real Estate News   

      Buying a Vacation Home: The Questions Before The Purchase

      By Amin Dabit
      Realty Times

      Buying a Vacation Home: The Questions Before The Purchase

      Whether it's an oceanside bungalow or a luxury cabin in the mountains, many people dream of buying a vacation home. Financial advisors call a purchase like this "lifestyle investing." Like any investment, buying a second home comes with both benefits and potential drawbacks, so it's important to consider how a vacation home fits into your long-term plans before taking the plunge. Are you ready to pull a trigger on that property in Tahoe or Cabo? Read on before you close on any new vacation home.

      Take a Close Look at Your Finances

      Before even looking at listings, it's important to assess your finances. To determine whether you can actually afford a vacation property, consider the following questions:
      • How strong is your income stream? Will it hold up during an economic downturn?
      • Will you be able to write off some, or all, of your mortgage? The IRS caps write offs for mortgage indebtedness at a maximum of $1 million between your primary and qualified second home.
      • Will you need to finance the vacation property? If so, keep in mind that banks are quite strict on limiting borrowers for a vacation property to a 42% debt-to-income ratio or less. For example, if your gross income is at $10,000 a month your total debt payments (including the new mortgage) will need to be under $4,200.
      • What is your current asset allocation? It's typically not a good idea for anyone to have more than 50% of his or her net worth in any single asset class, especially one like real estate, where leverage is usually a big factor. You don't want to be overexposed if the housing market turns.
      Sit down with an advisor and answer these questions. If you still think a vacation home makes sense, keep reading.

      Retirement Retreat or Raking It in With a Rental?

      Once you've determined that a vacation home is economically feasible, the next big question to think about is how you want to use your vacation property. Are you planning to rent it out, fix it up and sell it, or retire there?

      If you're thinking about becoming a landlord, make sure the vacation home has rental income potential. If you're looking to eventually profit from a sale, are you prepared to own the home for five years? You'll likely want to keep it for at least that long in order amortize the high transaction costs associated with buying a vacation property. On the other hand, you may see the home as part of your retirement dream, which makes it more of a lifestyle decision than a purely financial one.

      Making the Move

      Once you know what you'll use your home for, it's time to figure out where to buy. Anyone who has ever bought a house has heard the adage about the three most important factors: "location, location, location." This is even more critical when buying a vacation home.
      First, look closely at the local market. As the Great Recession showed, real estate doesn't only go up. An array of factors can drive a local market up or down, including: major employers coming or going, damaging weather events, and changing zoning laws. By working with an agent knowledgeable about the area, you can get a good idea of market activity and pricing trends.

      It's important to analyze the pros and cons of the kind of community in which you want to live. For example, a beachfront house will make it easy to find tenants if you choose to rent, but it may come with complicated insurance requirements. Mountain getaways typically offer lots of land at lower costs, but they are often located in rural communities with roads and utilities that may not be well maintained.

      As you scout locations, be sure to consider the distance from your primary residence to your vacation home. According to a recent survey by the National Association of Realtors, the average vacation homebuyer purchased a property that is a median distance of 200 miles from his or her primary residence. How often will you be willing to make that drive? And have you factored in the costs associated with the journey?

      The Final Decision

      Once you know where you want your vacation home to be, you may be faced with the choice of buying a pre-existing home or building a new home. While many experts consider location to be the most important factor for buying a property with long-term appreciation potential, expanding a property gives you another way to make money, as the ultimate sale price can be significantly more than the construction cost of an expansion.

      However, this approach isn't without its downside, as expansion projects can often take longer and cost more than expected. There are also tax implications to consider. Before beginning a home investment process, you should run realistic worst-case cash flow numbers to see how long you can survive before your money runs out. Having two years in cash flow is a good guideline.

      Another option is to buy an older home, then remodel or renovate. While a renovation or remodeling likely won't get you a huge return on investment when you sell, it can save you money by allowing you to buy a less expensive home and then improving it over time as opposed to shelling out more money up front. Renovations can also enable you to charge more should you choose to rent out your home.

      While buying a vacation home can be a dream come true, it's important to look at it with clear eyes, just as you would with any other investment. Make sure to do extensive research and think hard about why you're making the purchase before signing on the dotted line.

      Amin Dabit is a Senior Vice President and Financial Planning Manager with Personal Capital and author of the company's Vacation Home Buying Guide

      Today's Mortgage Rates
      Mortgage Rates at 3-Week Lows
      Jul 19 2017, 4:56PM

      Mortgage rates moved lower today, despite slightly weaker underlying bond markets.  This has been an ongoing phenomenon in recent days.  Bonds improve, implying lower mortgage rates, but lenders wait to drop rates until bond market improvement is vetted.   In the current case, yesterday's market gains remained relatively intact despite today's market losses, thus giving lenders the green light to pass the gains through to mortgage rate sheets.  

      Although today's rates aren't appreciably lower than yesterday's, they're technically the best we've seen since June 28th.  More lenders are quoting top tier conventional 30yr fixed rates of 4.0% instead of 4.125%, and some of the aggressive lenders are back down to 3.875%.
      If there's been an underlying reason for the hesitation on the part of lenders, the elephant in the room is tomorrow morning's announcement from the European Central Bank (ECB).  Granted, domestic events and monetary policy have a more direct effect on rates in the US, but global bond markets are interconnected.  Any major shock in the EU will be felt in US bond markets, and consequently, mortgage rates.  Some investors are concerned the ECB will allude to plans to taper its bond purchases.  While no official plans are likely to be announced tomorrow, the "clues" offered by ECB President Mario Draghi could cause volatility in rates, for better or worse.

      30 Yr FRM4.03%4.05%-0.023.37%4.39%
      15 Yr FRM3.32%3.34%-0.022.72%3.61%
      FHA 30 Year Fixed3.70%3.75%-0.053.15%4.10%
      Jumbo 30 Year Fixed4.32%4.34%-0.023.47%4.60%
      5/1 Yr ARM3.19%3.20%-0.012.80%3.25%

      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  Most 
      importantly, have a great day.


      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: