Tuesday, August 22, 2017


Today's Best Mansion
www.todaysbestmansionsforsale.com

It's lavish. It's huge. It's grand. It's expensive.
      
#1      781 5th Avenue, New York, NY 10022 with 7 bedrooms, 7 baths, and 9,000 sq.ft. is listed for sale and now reduced to $78,000,000.

As one enters this Triple Terraced Trophy Masterpiece the palatial residence situated on the New York City power corner of 59th Street and 5th Avenue, one is first struck by the unparalleled elegance of its private landing serviced by all three of the building's elevators. The entrance gallery graciously, and sensibly, leads one to all of the major wings of the apartment.
The library has been tastefully lined with custom paneling and a perfectly appointed bar. To the east of the library, one is led to a comfortably outfitted media room and a guest bedroom, cleverly concealed behind a paneled door. Each of these rooms are equipped with their own en-suite bathrooms.
To the north of the library, the grand living room opens to the north, west and south for indomitable Central Park views. From the living room, one can enter the truly stunning 59'7" long west-facing terrace, all of which directly overlooks the park. Along this magical terrace are three more rooms, each fulfilling its own purpose in this carefully designed residence.
First, a study with en-suite bathroom, then a perfectly shaped dining room of square proportions which leads to the sunbathed solarium.
The solarium could well be considered the key stone, connecting the south and west facing wings of the apartment. It gives access to both the west-facing terrace and to the equally impressive south facing, 84'9" long, south-facing terrace from which the city lights are truly a  majestic sight at night. Both terraces are landscaped and equipped with irrigation systems.
The apartment is also endowed with a very large 31'x16' windowed eat-in kitchen sun flooded, from which one can entertain in regal style. The kitchen is flanked by a private study as well.
In the bedroom wing of the apartment, which is carefully disguised from the gallery, one can find three beautifully appointed guest bedrooms, each with access to the south-facing terrace, as well as a truly enormous master suite (four generous bedrooms now configured as one). The master suite is equipped with two bathrooms and a generous 18'x13' changing room. The unequalled luxury of this apartment extends to the master suite by offering it its own 29'X17' private, park view, terrace.This residence is truly a unique opportunity to own one of the most spectacular residences in one of the most special addresses in the world.
The Sherry-Netherland offers white glove service at the highest level possible. From room service straight from the kitchen of Harry Cipriani to twice daily maid service, an impeccable staff is present at all hours of the day and night to assure a living experience unlike any other with supreme security.


781 Fifth Ave Unit 18 Thfloor, New York, NY 10022













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       1646 Blue Jay Way, Los Angeles, CA 90069 with 6 bedrooms, 6 baths, and 6,339 sq.ft. is listed for sale at $17,900,000.


Live in one of the best properties on Blue Jay Way, one of the most exclusive Bird Streets. A gated compound awaits in a large promontory plot offering some of the best 180 degree views in the city. The home is a chic contemporary outfitted with the most high end and state of the art finishes and surfaces. The indoor/outdoor flow of the main house makes a perfect setting for entertaining and impressing guests with the breath taking views. Two separate guest quarters ensure utmost privacy and enjoyment for all parties. This is a rare opportunity to obtain one of the most desirable properties LA has to offer.
















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     1130 West Tortolita Mountain Circle, Oro Valley, AZ 85755 with 4 bedrooms, 
6 baths and 7,876 sq.ft. is listed for sale at $3,495,000.



Distinctive contemporary craftsmanship in prestigious Stone Canyon presents a finely tuned balance between scale and area, open and light spaces, form and architecture.Gray tones in combination w/rusted metallic elements play a role in the selection of intoxicating interior finishes and textures. Every room sparkles from individual use of custom lighting, custom ceiling fans and specially commissioned wall sculptures. The warm neutral interior palette complements select pine exterior wood ceiling and purposely rusted metal rim to create a breathtaking backdrop for majestic mountain views. Resort setting with pool, spa,waterfall, outdoor kitchen w/utmost privacy. 4 car garage. Seeing is believing.  















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     
 4881 Rancho Del Mar Trail, Rancho Pacifica, CA 92130 with 5 bedrooms, 8 baths and 9,000 sq.ft. is listed for sale at $5,495,000.




FRENCH COUNTRY CHATEAU!   European inspired mixed with Old World Romance! Located in the prestigious gate guarded community of Rancho Pacifica. This French County Chateau design is 9000+ sq. ft., 5 bedroom ensuite, 7.5 bathrooms with an attached separate guest house. Stunning master suite on the main level. Designed with entertaining in mind, the beautifully appointed gourmet kitchen opens to Country dining and Great room with expansive views of the lush landscape of the private backyard. Features include Cabana, BBQ kitchen/bar/media area, inviting pool/spa with cascading waterfalls and sports court. Gated auto court leads to the Carriage garage doors for 5 car auto storage, with parking for 10+ cars. Copper Grey slate roof. 





4881 Rancho Del Mar Trl, San Diego, CA 92130

4881 Rancho Del Mar Trl, San Diego, CA 92130

4881 Rancho Del Mar Trl, San Diego, CA 92130

4881 Rancho Del Mar Trl, San Diego, CA 92130





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       465 Marina Blvd. San Francisco, CA 94123 with 6 bedrooms, 6 baths, 
and 5,420 sq.ft. is listed for sale at $8.995,000.



Magnificent Marina masterpiece situated on the most coveted block of Marina Boulevard, this sophisticated home built in 1930 has 6 BR's, 5.5 BA's, a true chef's kitchen, Wolf and Sub Zero appliances, wine refrigerator and outdoor center gallery. There are spectacular views of the Bay, Golden Gate Bridge, Alcatraz and Marina Green. The home has a gracious floor plan on 3 levels and the over sized lot provides additional privacy and outdoor living space. Bustling Chestnut Street shops and restaurants are conveniently located nearby.



















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      153 Highland Drive, Seattle, WA 98109 with 6 bedrooms, 5 baths, 6,460 sq.ft. is listed for sale at $7,800,000.

Sited on the south slope of Queen Anne overlooking Seattle, the Space Needle and Puget Sound- this iconic home offers unmatched views. Meticulously restored from head to toe- with high-end finishes and period details.Spacious kitchen has a butlers pantry, island seating, gorgeous built-ins and eating area w/views.Three balconies overlook the skyline and virtually ever room offers expansive vistas.















Today's Top Real Estate News

Housing recovery suffers, but don't blame the millennials

  • Baby boomers are staying in their big suburban homes far longer than previous generations did at this age.
  • That is having repercussions down the housing supply line.

Competition for housing is soaring, affordability is weakening and the U.S. housing recovery is grinding to a crawl — and, in large part, the baby boom generation is to blame.
No, they're not doing anything immoral or illegal; in fact, they're not doing anything at all, and that is precisely the problem. They're not moving.

Baby boomers, the enormous group born between 1946 and 1964, are staying in their big suburban homes far longer than previous generations did at this age, and that is having repercussions down the housing supply line. If baby boomers don't downsize out of big suburban homes, younger buyers eager to upsize, especially in this improving economy, can't find a home to buy.

baby Boomer housing
Getty Images

As the competition from young millennials heats up at the entry level, the logjam at the top of the market only heats that competition and pushes prices ever higher and out of reach.
So, why don't boomers move? Some if it is because their empty nests have filled back up again with children moving back home after college, but in large part it is a result of the recession and the increasingly high cost of housing. It is simply cheaper for them to stay put, and so they do.

Baby boomers currently own about 3.6 million unoccupied rooms, according to Trulia, a real estate website that looked at the 100 largest housing markets to find boomers living in homes with at least two bedrooms more than the number of occupants.

Laraine Camera Goldberg is one of them. She and her husband bought a five-bedroom house in North Potomac, Maryland, nearly 40 years ago and raised their sons there. The neighborhood was and still is perfect for raising a family, with quiet streets and good schools. Now Goldberg's sons are grown and gone, and she and her husband are divorced. She lives alone in the 3,000-square-foot home that boasts a huge yard and pool. She could sell the home easily, as there is very high demand in her price range, but there is one problem.

"I don't know where to go from here because everything is so expensive. I'm stuck," Goldberg said. "It's actually less expensive to stay here and metro into the city than move into the city. So I'm stuck, but I'm in a neighborhood by myself that really I don't belong in."

Laraine Camera Goldberg lives alone in this five-bedroom home in North Potomac, Maryland and wants to sell it, but can’t find a feasible next option because of cost.

Laraine Camera Goldberg lives alone in this five-bedroom home in North Potomac, Maryland and wants to sell it, but can’t find a feasible next option because of cost.
Like so many other active baby boomers, Goldberg wants to downsize to a home closer to the heart of a metropolitan area. Prices in downtown Washington, D.C., are hitting new record highs, and even in the close-in suburbs both rents and prices are cost-prohibitive.

The story is similar in other cities as well. Baby boomers who choose to downsize to apartments are facing huge costs. Just 23 percent of boomers rent, the smallest of any generation, but of those who do, nearly half spend more than 30 percent of their income on housing, according to Abodo, a rental listing company that analyzed data from Harvard's Joint Center for Housing. That is a higher share than both millennials and Gen Xers.
Goldberg considered moving to an "active-adult" community, where the homes are more affordable, but those tend to be far from urban centers.

"I don't like the traffic, and there is not a close metro. I mean why do that for people my age?" she said.

Goldberg's decision not to sell means families looking to move into her neighborhood and raise their children in a big home have one less listing to consider. Multiply that by thousands of other boomers like Goldberg, and the supply situation becomes severe.
"I think the baby boomers are really struggling with the decision to downsize because there's not really great options for them to downsize to," said Brooke Heiberger, a real estate agent at Coldwell Banker in Bethesda, Maryland. "And for those who are willing to stay in the suburbs there's just not a style of home or viable option to allow them to age in place, so it's just easier to stay where they are in absence of being able to make a good decision."

About a third of boomers said they intend to age in place, according to a recent survey by Freddie Mac. That has contributed to the boom in home remodeling, but it continues to shrink the supply of homes for sale which is at a record low nationwide. Homebuilders are increasing production only very slowly, due to high costs of land, labor and material. Those costs have pushed the price of a newly built home to its highest on record. While builders are focusing more on the active adult brand, they need to keep those prices low and therefore cannot build in the urban areas most baby boomers prefer.

Goldberg continues to look for options in urban cores outside the city, but prices there continue to rise. For now, she stays put and has a lot of houseguests. She also travels to see her new grandchild on the West Coast, leaving the big house empty for weeks at a time.



Today's Mortgage Rates
Mortgage Rates Steady at 2017 Lows 
Aug 21 2017, 4:10PM

Mortgage rates held steady to start the new week.  This keeps them in line with the best levels since November 2016.  There were no interesting developments in financial markets or in terms of economic data today.  Most news coverage was focused on the solar eclipse.  It's a good thing the eclipse happened, because it's not entirely clear what financial media outlets could have possibly discussed otherwise.

But again, with rates at the lowest levels of the year, "boring" and "sideways" are only terms that inconvenience someone trying to write about market movements whereas they're a relative boon to consumers who are buying a new home or refinancing an existing mortgage.  

3.875% remains the most prevalently-quoted conventional 30yr fixed rate for top tier scenarios, although quite a few lenders remain at 4.00%.  

52 Week
ProductTodayYesterdayChangeLowHigh
30 Yr FRM3.94%3.94%--3.37%4.39%
15 Yr FRM3.22%3.22%--2.72%3.61%
FHA 30 Year Fixed3.55%3.60%-0.053.20%4.10%
Jumbo 30 Year Fixed4.22%4.22%--3.50%4.60%
5/1 Yr ARM3.16%3.17%-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 on FaceBook.