Monday, September 11, 2017

Today's Best Mansion

It's lavish. It's huge. It's grand. It's expensive

#1      1000 Jule Pond Drive, Water Mill, NY 11976 with 12 bedrooms, 12 baths and 20,000 sq.ft. is listed for sale at $175,000,000.

The Hamptons is widely recognized as the world's preeminent luxury real estate market, and its single most valued property is now available for purchase in the Town of Southampton. The 42+ acre oceanfront estate offers the largest ocean frontage in the Hamptons spanning nearly a quarter mile (1,286 linear feet). To further compliment its rarity, the property is bordered by three ponds leading to unobstructed views of Mecox Bay and the open ocean. Additionally, the property abuts extensive protected and preserved land to the southeast, essentially adding another quarter mile (1,350 linear feet) of ocean frontage and unobstructed water views. Unequivocally the most dynamic estate in the Hamptons, Jule Pond offers the stateliness of a secluded countryside retreat, with the connectivity to the famous Hamptons ocean.Commissioned and owned by the Ford family, Jule Pond was once the main estate of a 235-acre property aptly named "Fordune"; which is now the exclusive private enclave of the same name. Completely renovated in 2008, Jule Pond is approached by a substantial tree-lined driveway which sits behind a gated entrance. The principal home has a floor plan which encompasses 20,000 +/- square feet of living space, including twelve bedrooms and twelve bathrooms. This estate is irreplaceable! 

Jule Pond

Jule Pond

Jule Pond

Jule Pond

Today's Top LA Luxury Estate.

The median home value in Los Angeles County is $569,800. Los Angeles County home values have gone up 6.7% over the past year, Zillow predicts hey will increase 1.5% within the next year.

The median home value in Brentwood, 90049 is $2,384,700. Brentwood home values have gone up 1.3% over the past year.  Zillow predicts they will go down -0.6% within the next year

The median home value in Malibu is $2,915,000.  Malibu home values have gone up 5.9% over the past year.  Zillow predicts they will increase 0.7% within the year.

The median home value in Bel Air, 90077 is $3,253,200  Bel Air home values have gone up 3.3% over the past year.  Zillow predicts they will go down  -0.9 within the year.

The median home value in Beverly Hills 90210 is $4,910,000.  Beverly Hills home values have gone up 9.4% over the past year.  Zillow predicts they will increase 1.1% within the next year.

#1      826 Greenway Drive, Beverly Hills, CA 90210 with 5 bedrooms, 10 baths 
and 10,402 sq.ft. is listed for sale at $39,900,000.

Rutherford House, an Art Deco Paul Williams inspired Masterpiece situated on a discreet Beverly Hills street & offers unparalleled quality & elegance. Meticulously renovated & adorned w/ lavish finishes, this home boasts an impressive collection of 1920 & 1930's fixtures from notable European/Parisian decorative artists, Ruhlmann-inspired paneling, decorative laylights, exceptional design & architectural details. A grand oval entry hall leads to the DR, FLR, bar, library & billiards rm-perfect for entertaining. Beautiful wood/steel casement windows thruout. Kitchen features mosaic ceiling, custom steel & black marble flrs, rock crystal star fixture & built-in desk. Butler's pantry leads to morning rm, accented w/ 200yr old Chinese wallpaper. 3bds upstairs, including master suite w/ living rm & his/her bath & closets. Staff qtrs & laundry downstairs.Picturesque backyard features pool & pool house w/bar, gym & spa, reminiscent of Hollywood Regency glamour. A one-of-a-kind trophy property 

                 ...  ...

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 homevalue 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 Valley home values have gone up 1.6% over the past year. Zillow predicts they will increase 2.2% within the next year.

#1      20842 North 102nd Street, Scottsdale, AZ 85255 with 5 bedrooms, 7 baths and 7,693 sq.ft. is listed for sale at $4,700,000.

Stunning rural Mediterranean-style home in the Upper Canyon of Silverleaf! This 7693 sf property is on nearly 1.4 acres and is the ultimate in fine desert living. Updated interior decor is transitional in the context of an Old World design. Upgraded features include a premium kitchen with Wolf appliances, wide plank Belgian white oak flooring, antique handcut french limestone fireplaces, decorative limestone wainscoting, flooring & copper stand-alone tub in master bathroom, and handsome wood detailing/ beamwork throughout. Thoughtful outdoor living spaces created at entry courtyard, covered back patio, and 2 cabanas that book-end the pool - nearly 2800 sf of outdoor covered space found on this property! A mammoth 3000 lb singe stone wishing well adds whimsy to the outdoor space. *more* Floorplan also features a 660 sf two-room guest house off the entry courtyard, a bonus room with wetbar & view deck, walk-in wine room, separate entry executive office, master suite on the main level, and 4 car garage. Home also includes Savant whole house automation system, Crestron lighting, 6 fireplaces plus firepit, 2 outdoor showers, hot water recirculation pump and much more. Great location providing both estate home privacy and convenience with two manicured parks just a block away. This is the perfect home for a buyer who wants elegance but yet still wants a sense of neighborhood. 

Today's Top San Diego Luxury Estate 

The median home value in San Diego County is $550,900. San Diego County home values have gone up 6.7% over the past year. Zillow predicts they will remain even 2.9% within the next year.

The median home value in Coronado is $1,510,700. Coronado 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 La Jolla, 92037 is $1,505,200.  La Jolla home values have gone up 5.6% this past year.  Zillow predicts they will increase 1.8% within the next year.

The median home value in Solana Beach 92075 is $1,2997,100. Solana  Beach home values have gone down - 0.2% this past year. Zillow predicts they will rise 2.1% within the next year.

The median home value in Del Mar 92014 is $1,607,200 Del Mar home values have gone up 1.9% over the past year.  Zillow predicts they will increase 1.2% within the next year.

The median home value in Rancho Santa Fe is $2,685,800. Rancho Santa Fe home values have increase 5.8% over the past year and Zillow predicts they will increase 0.6% within the next year.

# 1     4663 Rancho Laguna, San Diego, CA 92130 with 5 bedrooms, 6 baths 
and 6,890 sq.ft. is listed for sale at $3,295,000.

Located in the highly sought after guard gated community of Rancho Pacifica on an elevated lot tucked away at the end of a private and quiet cul de sac. Meticulously designed and constructed with just under 6,900 square feet of spacious sun-filled interiors and a resort styled back yard with South-Western views. Refined, yet comfortable and so welcoming, with a spacious front entry courtyard with mature trees and lush vegetation....the perfect gathering place for family and friends.

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 10,0% over the past year.  Zillow predicts they will decrease by 2.6% within the year.

The median home value in Sausalito is $1,283,700. Sausalito home values have gone up 7.3% over the past year. Zillow predicts they will rise 1.6% within the next year. 

The median home value in Tiburon is $2,478,600. Tiburon home values have gone up 4.5% over the past year.   Zillow predicts they will rise increase 1.4% within the next year. 

The medium home value in Saratoga is $2,502,100.  Saratoga home values have gone up 6.6% this past year.  Zillow predicts they will increase 1.8% within the next year. 

The median home value in Atherton is $6,463,200. Atherton home values have gone up 8.6% over the past year and Zillow predicts they will increase 2.2% within the next year.

#1      60 Michaels Way, Atherton, CA 94027 with 6 bedrooms, 5 baths and 6,295 sq.ft. is listed for sale at $10,950,000.
This recently constructed Atherton masterpiece strikes a perfect balance between classic styling and contemporary functionality. The three-level floorplan offers open concept living areas, high tech amenities, and spacious private areas, all bathed natural light. Fine millwork, custom finishes, and top of the line materials make for a stunning presentation, and the home is ideally located just blocks from Downtown and top rated Menlo Park Schools. The 29k plus lot offers the capacity for a pool and cabana/guest house, and currently features a custom tennis court. A modern interpretation of a classic Victorian, newly constructed in 2009 6 bedrooms and 4.5 baths spread over three levels plus top-level loft Approximately 6,295 square feet of living space Smart features include programmable lighting and rain sensor skylights 18 zone programmable radiant heat, and air conditioning Detached oversized 2-car garage.

Today's Top Seattle Luxury Estate

Image result for Seattle 
The median home value in Kirkland is $688,800.  Kirkland home values have gone up 18.8% over the past year.  Zillow predicts they will rise 8.1% within the next year.

The median home value in Seattle is $690,300. Seattle home values have gone up 15.5% over the past year. Zillow predicts they will rise 6.5% within the next year.

The median home value in Bellevue is $839,600. Bellevue home values have gone up 16.3% over the past year. Zillow predicts they will rise 6.8% within the next year. 

The median home value in Mercer Island is $1,413,600, Mercer island home values have gone up 11.4% over the past year.  Zillow predicts they will rise 5.2% with the next year.

The median home value in Clyde Hill is $2,545,800. Clyde Hill home values have gone up 15.7% over the past year. Zillow predicts they will rise 6.9% within the next year.

The median home value in Medina is $2,628,400. Medina home values have gone up 17.1% over the past year and Zillow predicts they will rise 6.5% within the next year

#1     656 West Galer Street, Seattle, WA 98119 with 4 bedrooms, 5 baths 
and 4,300 sq.ft. is listed for sale at $3,085,000.

Magnificent jewel draped w/Wisteria, perched on spectacular SW facing corner lot, admired by passersby. Storybook covered porch and exquisite gardens surround this 7200 sqft lot. Lovingly restored, addition added in 2006. The ideal home for quintessential Queen Anne living. Puget Sound and Olympic Mtn views from most rooms. Spectacular chefs kitchen, Great Rm, view decks off all 2nd flr bedrooms. Guest suite on 3rd flr and/or lower lvl. 3 Garages, entertainment patio and more. Perfect location.

Today's Top Real Estate News

Seattle Area home prices surge 18 percent, most on record for this time of year.

By Mike Rosenberg
Seattle Times

Usually, the worst of the price increases happens in the spring; but this year, the frenzy just kept going through the summer.

The Seattle area is wrapping up its most punishing summer ever for homebuyers, with huge price bumps surpassing even the surge in home costs from the housing bubble a decade ago.

King County’s median single-family home price increased 18.2 percent in August from a year ago, making it the market’s hottest month of August since records began in 2000, according to monthly home-sale data released Wednesday. It follows a record-setting July for home-price increases.

Prices are rising at both ends of the spectrum. Southeast Seattle, the least expensive corner of the city, saw prices soar more than 20 percent from a year ago, while prices in once-affordable Shoreline are up 33 percent. Both areas saw median prices top $610,000.

At the same time, the number of million-dollar homes sold across Western Washington has grown 52 percent so far this year.

Countywide, the median home price grew by $100,000 from a year prior. The new median price for a single-family house across the county is $650,000 — although that’s down 
slightly from the record set a month ago, according to the Northwest Multiple Listing Service.

The frenzy is unusual for this time of year — typically, price growth peaks in the spring, and then buyers get a bit of a break in the summer. This year, the spring rush happened as expected, but it just kept going into the summer, and no one really knows when it will stop.

“It’s been a very unpredictable market,” said Matt van Winkle, owner of RE/MAX Northwest.

“I don’t think we’re going to see a break in the next few months,” he said. Unless there’s a sudden rush of homes coming on the market, “we’re going to see it just as competitive going through the fall as we did in the summer.”

In Seattle, the median price hit $730,000, up nearly 17 percent from a year ago but still down from the record heights of a couple months ago.

Eastside prices jumped about 11 percent in a year to $853,000, though that, too, was down from the spring high point.

Other areas seeing prices rise more than 20 percent in the past 12 months include Enumclaw, Renton-Highlands, Skyway and Kirkland-Bridle Trails. Prices declined in Jovita-West Hill Auburn and in the condo-only market of downtown Seattle.

While demand for housing remains steady, the supply of houses available to purchase somehow keeps dropping lower and lower, leaving buyers to fight over scraps.
The county had just 2,800 homes for sale as of last week, the fewest at any point on record for this time of year. Inventory has been dropping nonstop for seven straight years, and is down nearly 18 percent from last year.

But even those numbers understate the reality: Van Winkle said about half the homes for sale in the region are listed for above $1.25 million (luxury homes tend to linger on the market longer).

“It’s going to be incredibly competitive for buyers for quite some time, under that $1.25 million price point,” he said.

There wasn’t much relief for buyers looking farther out.

Snohomish County hit an all-time high of $455,000 for the median house, up 13.8 percent from a year ago.

Prices in Pierce and Kitsap counties each grew just under 10 percent in a year, to $313,000 in Pierce and $329,000 in Kitsap.

“With King County prices escalating at such a fast rate, the ripple effect will continue to push prices throughout the area, first in neighboring counties, then throughout the region,” Mike Grady, president and chief operating officer of Coldwell Banker Bain, said in a statement.

Regionwide, prices here have grown faster than anywhere else in the country for the past 10 months.

Of course, the buyers’ pain is the sellers’ gain.

Zillow study out Wednesday shows the average home seller in the city of Seattle last year made a $185,000 profit — nearly five times the national average. The 53 percent rate of return is among the highest in the country.  The typical seller last year bought their home in 2007, at the height of the last price surge. Someone who bought before or after the bubble, meanwhile, has a shot at doubling their money by selling today.
Today's Mortgage Rates
More New 2017 Lows For Mortgage Rates
Sep 8 2017, 4:58PM

Mortgage rates were slightly lower today, despite moderate weakness in underlying bond markets.  This would typically coincide with higher rates, but mortgage lenders haven't been moving in lock-step with markets amid this week's higher volatility.

The first dose of volatility came early, with weekend headlines concerning North Korea resulting in a nice move lower to start the week.  Rates bounced on Wednesday on news of a bipartisan agreement to provide disaster relief and to temporarily raise the debt ceiling.  The latter had been causing general economic concern--something that tends to benefit rates.  Thursday brought the European Central Bank announcement which was beneficial for global bond markets because the ECB isn't in a rush to pull the plug on its 
accommodative efforts (translation: "stuff that helps rates stay low").  After all of that, today ended up being rather superfluous in the bigger picture.  The fact that the nation is bracing for the ill effects of Hurricane Irma only decreased the focus on market-related events.

Bottom line: rates still hadn't caught up to yesterday's market improvements and were thus able to move just a bit lower today, despite bond market weakness.  

52 Week
30 Yr FRM3.84%3.85%-0.013.37%4.39%
15 Yr FRM3.12%3.13%-0.012.72%3.61%
FHA 30 Year Fixed3.35%3.40%-0.053.20%4.10%
Jumbo 30 Year Fixed4.10%4.12%-0.023.51%4.60%
5/1 Yr ARM3.10%3.12%-0.022.80%3.25%

Thanks for reading "Today's Best Mansions"

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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 on Facebook.