Thursday, August 3, 2017


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


#1       23746 Malibu Road, Malibu, CA 90265 with 4 bedrooms, 5 baths and 2,167 sq.ft. is listed for sale at $22,000,000.



The address at 23746 Malibu Road was once part of "21 Malibu Colony". In 1926 May Rindge relinquished part of her private coastline allowing some to lease and later buy these bits of beachfront. 21 Malibu Colony is one of the last structures on its original beach house footprint. For decades local legend has maintained 21 Malibu Colony was originally leased and owned by Constance Bennett and that Mario Puzo wrote "The Godfather" in the teahouse. These legends were encouraged by the magic that is 21 Malibu Colony. Re-imagined by Howard and Angelica Flagg, this 4-bed 5-bath property honors its heritage giving visitors beauty, craftsmanship, privacy and grace. The understated simplicity epitomizes serenity, space, location and livability. From the beachfront deck, through the teahouse to the patio into the main house then to generous open space and a private guesthouse, this property easily entertains while simultaneously scaling life to one on one, you and the ocean. 























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 $2,398,800. Brentwood home values have gone up 2.1% over the past year.  Zillow predicts they will igo down ( 0.3%) within the next year

The median home value in Malibu is $2,906,700.  Malibu home values have gone up 5.3% over the past year.  Zillow predicts they will increase 1.1% within the year.

The median home value in Bel Air, 90077 is $3,278,800  Bel Air home values have gone up 2.8% over the past year.  Zillow predicts they will go down  (-0.3) within the year.

The median home value in Beverly Hills 90210 is $4,895,000.  Beverly Hills home values have gone up 4.2% over the past year.  Zillow predicts they will increase 1.3%  within the next year. 

#1       1404 Dawnridge Drive, Beverly Hills, CA 90210 with 6 bedrooms, 7 baths 
and 8,679 sq.ft. is listed for sale at $12,750,000.



"Style and Substance" Sited up a long private driveway, sits a glamorous Italianate Villa. Minutes to the Beverly Hills Hotel, this estate features views of Century City and the Pacific Ocean. Majestic entry hall with grand sweeping staircase. Perfect for entertaining, the public rooms include a vast living room w/ fireplace, large formal dining room adjacent family room with bar and library. Spectacular indoor/outdoor flow with walls of glass that open to pool, outdoor living room and covered dining room. Gorgeous gourmet kitchen with slab marble counters. New sumptuous master suite with lavish bath and impressive walk-in closet. Additional features include a Screening Room and large motor court. One of a kind in a premier location



















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 $423,300. Scottsdale home values have gone up 3.3% over the past year.  Zillow predicts they will increase 2.5% within the next year. 

The median home value in Carefree is $755,700. Carefree home values have gone up 5.3% over the past year.  Zillow predicts they will increase 2.9% within the next year.

The median home value in Paradise Valley is $1,612,400.  Paradise Valleyhome values have gone up 1.6% over the past year. Zillow predicts they will increase 2.2% within the next year.

#1       520 Sky Line Drive, Sedona, AZ 86336 with 4 bedrooms, 4 baths and 3,765 sq.ft. is listed for sale at $2,000,000.


Land at the Eagles Nest and You Will Never Want to Leave. Perched on top of High Tor, this PANORAMIC View Home Screams Quality! Stacked Blue Stone and Brick Construction, Petrified Wood Entry Door, Hand Carved Doors at every turn, Imported Italian Tiles, Craftmanship Closet Doors and Cabinetry, Niches with Glass for Collectibles, Hard Wood Floors , & Antique Fixtures will take YOUR BREATH AWAY. The main home offers 3 bdrms and 3 bths, Quartz Kitchen, Great Room, Formal Dining Room, and 3 amazing fireplaces. Lower Guest Casita offers a kitchen, one bedroom, one bath, and living room. Step outside to your yoga lawn (with absolutely no mowing necessary) or set it up as an outdoor living room and dining room to take in STARRY Nights. 3,765 sq ft, 2 car garage nestled on 1.71 acres. A TIMELESS DESIGN for those that welcome architecturally significant ESTATES! Welcome Home to WORLD CLASS Quality.



















Today's Top San Diego Luxury Estate 


The median home value in San Diego County is $548,000. San Diego County home values have gone up 6.9% over the past year. Zillow predicts they will remain even 4.1% within the next year.

The median home value in Coronado is $1,475,900. Coronado home values have gone up 1.4% this past year.  Zillow predicts they will increase 3.7% within the next year.

The median home value in La Jolla, 92037 is $1,486,900. La Jolla, 92037 home values have gone up 2.5% this past year.  Zillow predicts they will increase 2.8% within the next year.

The median home value in Solana Beach 92075 is $1,307,200. Solana Beach 92075 home values have gone up 4.4% this past year. Zillow predicts they will rise 3.7%% within the next year.

The median home value in Del Mar 92014 is $1,605,100 Del Mar home values have gone up 1.3% over the past year.  Zillow predicts they will increase 3.3% within the next year.

The median home value in Rancho Santa Fe is $2,636,800. Rancho Santa Fe home values have increase 1.1% over the past year and Zillow predicts they will increase 1.3% within the next year.

#1      545 Ocean Blvd. Coronado, CA 92118 with 6 bedrooms, 5 baths and 5,360 sq.ft. is listed for sale at $8,595,000.




Spectacular Ocean Views! 80 feet of frontage on one of the most beautiful beaches in the world. Completely remodeled in the late 1980's and raised to create space for a partially subterranean basement with a game room and three bedrooms. By lifting the first floor several feet, there are incredible ocean views and, from the second story they are remarkable. Great floor plan with an opportunity to update to your own taste. At this price the property is being offered at close to land value. An exceptionally large piece of land for the location! There is a hardscaped rear patio and two car garage off the alley in the back of the property. Whether you are looking for a very livable beach house or a site to build your Dream Home, this is the opportunity you have been waiting for. 
















Today's Top San Francisco Luxury Estate

Image result for San Francisco skyline pictures

The median home value in San Francisco is $1,204,700. San Francisco 
home values have gone up 7.2% over the past year.  Zillow predicts they will decrease by 1.6% within the year.

The median home value in Sausalito is $1,271,200. Sausalito home values have gone up 5.7% over the past year. Zillow predicts they will rise 1.5% within the next year. 

The median home value in Tiburon is $2,468,800. Tiburon home values have gone up 3.7% over the past year.   Zillow predicts they will rise increase 0.8% within the next year. 

The medium home value in Saratoga is $2,471,300.  Saratoga home values have gone up 4.6% this past year.  Zillow predicts they will increase 1.0% within the next year. 

The median home value in Atherton is $6,406,300. Atherton home values have gone up 8.5% over the past year and Zillow predicts they will increase 1.5% within the next year.

#1      71 Cascade Drive, Mill Valley, CA 94941 with 5 bedrooms, 6 baths   
and 3,409 sq.ft. is listed for sale at $5,000,000.
New construction across Old Mill Park. Custom-built SFH (4br/4.5ba) + a guest cottage (1br/1ba) situated on an extra large lot. Gracious open layout, sophisticated finishes, vaulted ceilings, abundant natural light, and spacious indoor/outdoor living, all set in a breathtaking natural setting. Offering a multi-function floor plan, gorgeous custom equipped kitchen with hi-end appliances, in-floor radiant heat, en-suite bedrooms, and much more















Today's Top Seattle Luxury Estate

Image result for Seattle 
The median home value in Kirkland is $677,400.  Kirkland home values have gone up 18.2% over the past year.  Zillow predicts they will rise 8.7% within the next year.

The median home value in Seattle is $682,300. Seattle home values have gone up 15.2% over the past year. Zillow predicts they will rise 7.0% within the next year.

The median home value in Bellevue is $833,800. Bellevue home values have gone up 156.2% over the past year. Zillow predicts they will rise 8.0% within the next year. 

The median home value in Mercer Island is $1,410,600, Mercer island home values have gone up 11.1% over the past year.  Zillow predicts they will rise 6.9% with the next year.

The median home value in Clyde Hill is $2,480,800. Clyde Hill home values have gone up 13.9% over the past year. Zillow predicts they will rise 7.5% within the next year.

The median home value in Medina is $2,590,300. Medina home values have gone up 15.1% over the past year and Zillow predicts they will rise 7.4% within the next year.


#1      12381 NE 61st Street, Kirkland, WA 98033 with 5 bedrooms, 6 baths               
and 6,570 sq.ft. is listed for sale at $5,4950,000.


One of a Kind Mediterranean/NW Style home set on almost an Acre in Desirable Bridal Trails Area. Extreme attention to detail and thoughtful design makes this home perfect for entertaining & casual living. Luxurious finishes w/ handcrafted stone & Iron details. 5 bed with 5 bath, Master suit on main floor, Huge open kitchen w/high-end appliances, Heated Tile Floors, All walls are Venetian Plaster, Central A/C heat pumps, Detached Garage can be zoned for horse stable, All the furniture included... Every detail of this Luxurious Custom Build Bridal Trails Villa was designed to make this your once-in-a-lifetime home.














Today's Top Real Estate News  

New Homes Sales Fall Short of Expectations
Mortgage News Daily
By Jann Swanson
New home sales pulled out a slight month-over-month gain in June only because estimates of sales in May were revised down.  The U.S. Census Bureau and the Department of Housing and Urban Development said today that sales of newly constructed homes were at a seasonally adjusted annual rate of 610,000 units.  This was an increase of 0.8 percent from the revised rate of 605,000 units in May, sales that were originally estimated at 610,000.  The June rate is 9.1 percent ahead of the 559,000-unit pace in June 2016.



Analysts had projected the June sales number over a wide range, from 590,000 to 630,000 units.  The consensus of those polled by Econoday was 611,000.

On a non-seasonally adjusted basis there were 55,000 homes sold during the month, compared to 57,000 in May and 50,000 a year earlier.

The median price of a home sold during the month was $310,800 and the average price was $379,500.  One year earlier the sales prices were $321,600 and 364,300 respectively.
At the end of the reporting period there were an estimated 275,000 new homes available for sale.  This is projected as a 5.4-month supply at the current rate of sale. Only 61,000 of that total are ready for occupancy; 160,000 are under construction.  All inventory numbers are given on a non-adjusted basis.  The median months for sale is 3.0, down from 4.0 at the same time in 2016.

Sales of new homes in the Northeast were unchanged from May at a seasonally adjusted rate of 41,000. This however was an increase of 41.4 percent from the previous June.  The Midwest saw an increase from May of 10.0 percent to 66,000 which was still down 12.0 percent year-over-year.  Sales dipped 6.1 percent in the South to 323,000, and were only fractionally higher, 0.9 percent, than in June 2016. The West gained 12.5 percent with a rate of 180,000 units. This was an annual increase of 33.3 percent.
Today's Mortgage Rates

Mortgage Rates Steady at Recent Lows
Aug 2 2017, 4:27PM
Mortgage rates held steady today, keeping them in line with the best levels in just over a month.  That means the best-qualified borrowers putting more than 20% down are seeing conventional 30yr fixed rates of roughly 4%, depending on the lender.  Some are quoting rates in the 3.75-3.875% range, but points and fees may vary.  As always, it's a good idea make sure you're looking at all lender-related fees when comparing any two rate quotes. These can include things like origination, discount points, processing, and admin fees.  

Today brought the release of economic data that has a track record of inspiring movement in the bond markets that underlie mortgage rates.  Inspiration was lacking in today's ADP Employment Report, which many view as a take-it-with-a-grain-of-salt barometer for the all-important Employment Situation data that typically follows 2 days later.  ADP reported 178k new payrolls versus a median forecast of 185k.  

The nearness to the forecast could easily explain an absence of inspired movement, but beyond that, financial markets are relatively less interested in labor market data at the moment.  Instead, the inflation-specific reports have garnered the most attention as inflation has been the biggest deterrent of more aggressive rate hikes and policy tightening from the Fed.  We don't have any big inflation data this week, but Friday's jobs numbers are still a big enough deal that we should respect their potential to cause volatility.

52 Week
ProductTodayYesterdayChangeLowHigh
30 Yr FRM3.99%3.99%--3.37%4.39%
15 Yr FRM3.29%3.29%--2.72%3.61%
FHA 30 Year Fixed3.67%3.68%-0.013.15%4.10%
Jumbo 30 Year Fixed4.29%4.29%--3.47%4.60%
5/1 Yr ARM3.16%3.15%+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 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