Today's Best Mansion: www.todaysbestmansionsforsale.com. It's lavish. It's huge. It's grand. It's expensive #1 77 Beverly Park Lane, Beverly Hills, CA 90210 with 9 bedrooms, 15 baths and 27,000 sq.ft. is listed for sale at $47,500,000.
This amazing Italian Villa designed by renowned architect William Hablinsky was the longtime home of Vaanna White and her ex-husband George Santo Pietro. Superbly located on two plush acres in Beverly Park, this villa features a grand screening room and wine cellar built for kings and many other remarkable features. The grand scale living, dining and family rooms and gourmet kitchen make it ideal for entertaining guests and dignitaries. Outdoor luxuries include an Italian kitchen, sand volleyball court, and herb and spice garden. This residence is simply beyond compare..
Today's Top San Diego Luxury Estates The median home value in San Diego County is $555,800. San Diego County home values have gone up 6.2% over the past year and Zillow predicts they will rise 2.7% within the next year
The median home value in Coronado is $1,529,100. Coronado home values have gone up 3.6% over the past year and Zillow predicts they will rise 1.4% within the next year.
The median home value in La Jolla, 92037 is $1,532,000. 92037 home values have gone up 4.7% over the past year and Zillow predicts they will rise 2.1% within the next year.
The median home value in Solona Beach, 92075 is $1,297,500. 92075 home values have declined -0.8% over the past year and Zillow predicts they will rise 2.0% within the next year. The median home value in Del Mar, 92014 is $1,613,200. 92014 home values have gone up 0.7% over the past year and Zillow predicts they will rise 0.5% within the next year.
The median home value in Rancho Santa Fe is $2,650,800. Rancho Santa Fe home values have gone up 0.8% over the past year and Zillow predicts they will rise 0.9% within the next year. #1 18846 Lago Vista, Rancho Santa Fe, CA 92067 with 6 bedrooms, 6 baths and 6,551 sq.ft. is listed for sale at $6,500,000.
Destined to be without equal, this showpiece property designed by architect Batter Kay of Del Mar blends clean, crisp geometry an essential when creating beauty in form. Extensive use of glass in the 2-story, open-concept residence fosters a sleek and modern design aesthetic. The high-volume entry space with floor-to-ceiling glass provides a strong indoor/outdoor connection with the large private outdoor spaces. The design of the house is a contemporary masterpiece and the grounds are magnificent. The main level gallery consists of the combined dining room, living room with 2-story fireplace, elegant bar and sprawling chef’s kitchen. The chef’s kitchen features professional appliances, gorgeous Jurassic green countertops, breakfast room, and adjoining family room all with walls of glass opening to the private patios. Completing the residence are bonus/game room, office, 4 additional bedrooms and a master suite with dual closets, fireplace and incredible bath adorned in marble. Additional highlights include a 4-car garage, built-in sound system, detached 2 bedroom guest house. A 660 vine working vineyard, Gold Medal winning Bordeaux style wine in 2011. Tennis court, lap pool, greenhouse, cutting garden, fruit orchard, organic vegetable garden, blueberry patch, a ½ acre maze – yes, a real maze such as you would see in England, a labyrinth- astoundingly tranquil and a beehive with an Italian Queen who makes the most delectable honey. Pathways wind through this magical retreat and glorious views to sweep you away are breathtaking.
Today's Top LA Luxury Estate.
The median home value in Orange County is $692,900. Orange County home values have gone up 4.0% over the past year and Zillow predicts they will rise 0.5% within the next year.
The median home value in Los Angeles County is $576,900. Los Angeles County home values have gone up 6.6% over the past year and Zillow predicts they will rise 1.2% within the next year.
The median home value in Newport Beach is $1,654,500. Newport Beach home values have gone up 1.5% over the past year and Zillow predicts they will rise 0.6% within the next year.
The median home value in Santa Monica is $1,401,400. Santa Monica home values have gone up 0.2% over the past year and Zillow predicts they will fall -0.3% within the next year
The median home value in 90049 is $2,404,100. 90049 home values have declined -0.8% over the past year and Zillow predicts they will fall -1.2% within the next year.
The median home value in Pacific Palisades is $2,743,900. Pacific Palisades home values have gone up 3.7% over the past year and Zillow predicts they will rise 0.5% within the next year. The median home value in Malibu is $2,974,700. Malibu home values have gone up 6.6% over the past year and Zillow predicts they will rise 1.0% within the next year.
The median home value in Bel Air is $3,316,000. Bel Air home values have gone up 2.0% over the past year and Zillow predicts they will fall -0.2% within the next year.
The median home value in 90210 is $4,890,900. 90210 home values have gone up 4.5% over the past year and Zillow predicts they will rise 0.5% within the next year.
#1 2189 Sunset Plaza Drive, Los Angeles, CA 90069 with 5 bedrooms, 6 baths and 7,500 sq.ft. is listed for sale at $10,000,000.
Nestled high above the star-studded streets of West Hollywood, boasting sweeping views of Downtown to the Pacific Ocean, 2189 Sunset Plaza is a feat of engineering unlike any other home in LA. An impressive 8 usable levels, 5 bedrooms, and 6 bathrooms define this home, along with a rooftop suite, grotto, waterfall pool deck, nightclub/lounge with floor to ceiling glass windows overlooking the city below, screening room, casino, and more - the home is a storied amalgamation of over 25 years of development and efforts by it's current owner, to work with the city of LA to take advantage of every inch of square footage imaginable...the result? Approximately 7500 sqft of usable space. A home of this magnitude could never be built again in this city. With a framework already laid down, and planning permissions from the city that eclipse that of the surrounding properties - this home presents it's next owner with an opportunity to create something truly spectacular.
Today's Top Phoenix Luxury Estate
The median home value in Maricopa County is $248,200. Maricopa County home values have gone up 6.3% over the past year and Zillow predicts they will rise 2.9% within the next year. The median home value in Scottsdale is $427,600. Scottsdale home values have gone up 3.6% over the past year and Zillow predicts they will rise 1.8% within the next year.
The median home value in Carefree is $745,700. Carefree home values have gone up 1.9% over the past year and Zillow predicts they will rise 1.5% within the next year.
The median home value in Paradise Valley is $1,621,200. Paradise Valley home values have gone up 1.9% over the past year and Zillow predicts they will rise 1.0% within the next year.
#1 4821 East Exeter Blvd. Phoeniz, AZ 85018 with 4 bedrooms, 5 baths and 5,400 sq.ft. is listed for sale at $4,250,000.
Location Location Location: Surrounded by the most prestigious homes in all of Arcadia, this gated, Belgian Farmhouse designed by Candelaria and built by Nance Construction sits on one of the best lots in all of Arcadia. Large Private Exeter lot features lush, mature landscape designed by Berghoff. Handcrafted elements include hand applied plaster walls, reclaimed Cream Brick walls and fireplaces, Waterworks Plumbing Fixtures/Tile, 4 bed and bath with 2 powder baths, Private Office withfireplace and built in shelves/desk, Dining Room with special white oak built in china cabinet, Large Master Suite with fireplace and large custom closet with island, Butler's Pantry with reclaimed brick/glass wine unit, ice maker and polished nickel sink, Kitchen is completely equipped with white oak kitchen island, Viking/Wolf/Sub Zero appliances, walk-in pantry, mudroom and laundry with 4 Electrolux machines, 3 car garage. Lot is gated yet has beautiful front patio/fireplace to entertain your neighbors and friends and a private rear yard that must be seen. Barbecue patio/eating space/fountain/veggie gardens off kitchen, large fire pit and limestone patio and a brand new pool/spa with Ramada and fireplace. Lutron Lighting system/speakers/AV ready/wired for security cameras .
Today's Top San Francisco Luxury Estate
The median home value in San Francisco County is $1,249,600. San Francisco County home values have gone up 11.8% over the past year and Zillow predicts they will rise 2.3% within the next year.
The median home value in Marin County is $1,058,400. Marin County home values have gone up 6.1% over the past year and Zillow predicts they will rise 1.2% within the next year.
The median home value in Santa Clara County is $1,093,600. Santa Clara County home values have gone up 12.1% over the past year and Zillow predicts they will rise 5.7% within the next year.
The median home value in Sausalito is $1,326,600. Sausalito home values have gone up8.6% over the past year and Zillow predicts they will rise 0.7% within the next year. The median home value in Tiburon is $2,559,300. Tiburon home values have gone up 6.9% over the past year and Zillow predicts they will rise 0.9% within the next year The median home value in Palo Alto is $2,728,800. Palo Alto home values have gone up 10.1% over the past year and Zillow predicts they will rise 5.0% within the next year.
The median home value in Los Altos is $2,926,900. Los Altos home values have gone up 6.2% over the past year and Zillow predicts they will rise 3.4% within the next year. The median home value in Saratoga is $2,579,400. Saratoga home values have gone up 8.9% over the past year and Zillow predicts they will rise 4.9% within the next year.
The median home value in Atherton is $6,585,600. Atherton home values have gone up 5.8% over the past year and Zillow predicts they will rise 1.8% within the next year. #1 19400 Saratoga Los Gatos Road, Saratoga, CA 95070 with 7 bedrooms, 7 baths and 6,651 sq.ft. is listed for sale at $8,600,000. Truly, The Feel and Lifestyle Of The World Renowned "Anne Of Green Gables Estate!" This Wonderful Estate Boasts The Lavish Living That Only The Most Elite Can Afford. One Of The Rarest Opportunities To Own One Of Saratoga's Finest Parcels and Homes Situated On A Nearly All Level 2 Acre Lot! Separate Guest House! This Masterpiece Is Beyond The Scope Of The "Platinum Triangle." It Is Truly in A Class All Its Own! This Gorgeous Home Offers Exceptional Craftsmanship Throughout,Second To None. Upgrades Galore! Gourmet Kitchen That Opens To Family Rm! Formal Dining Room With Huge Picture Window! Professionally Designed Tennis Court! Stunning Sparkling Pool! Outdoor Kitchen! Vast Greenery and Meticulously Manicured Landscape! Truly, Your Own Paradise! Perfect For Entertaining Family Events Or Corporate Parties! Main House Offers Two Beautifully Appointed Master Suites! Nearly Every Room Overlooks Majestic Views. Private Wine Cellar! Huge Ballroom! Office/Den! 3 Car Garage! and So Much More!!!
Today's Top Seattle Luxury Estate
The median home value in King County is $592,300. King County home values have gone up 14.2% over the past year and Zillow predicts they will rise 5.5% within the next year
The median home value in Kirkland is $706,900. Kirkland home values have gone up 18.8% over the past year and Zillow predicts they will rise 6.5% within the next year.
The median home value in Seattle is $697,700. Seattle home values have gone up 14.1% over the past year and Zillow predicts they will rise 5.4% within the next year.
The median home value in Bellevue is $853,500. Bellevue home values have gone up 14.7% over the past year and Zillow predicts they will rise 5.5% within the next year.
The median home value in Mercer Island is $1,380,200. Mercer Island home values have gone up 6.0% over the past year and Zillow predicts they will rise 3.0% within the next year.
.The median home value in Clyde Hill is $2,636,300. Clyde Hill home values have gone up 19.1% over the past year and Zillow predicts they will rise 7.2% within the next year.
The median home value in Medina is $2,709,200. Medina home values have gone up 16.7% over the past year and Zillow predicts they will rise 6.3% within the next year. #1 1031 23rd Avenue E, Seattle, WA 98112 with 5 bedrooms, 5 baths and 4,822 sq.ft. is listed for sale at $2,795,000.
Spectacular Craftsman Foursquare residence beautifully remodeled on all 4 levels. Original inlaid floors, quarter-sawn white oak cabinetry, box beam ceilings, & period fixtures. Gourmet kitchen & 8French doors open to entertainer's dream patio. Master with view deck, walk-in closet & en-suitebath. Rare walkout basement boasts gas fireplace, temp controlled wine room with live edge waterfall counter, & La Cantina folding door. Tons of storage, all new systems. An architectural gem on Capitol Hill,
Today's Best Mortgage Rates
Mortgage Rates Move Modestly Lower Ahead of Holiday
Nov 22 2017, 2:55Pm
Mortgage ratesfell modestly today, with bond market strength both before and after the release of the Fed Minutes (a more detailed account of the Fed meeting that took place 3 weeks ago). Stronger bond markets correlate with lower rates. Bonds tend to benefit from weak economic data, low inflation expectations, and an accommodative monetary policy stance from the Fed. Today's economic data was generally weaker, but of particular importance at the moment were the inflation expectations in the consumer sentiment data, which came in near the lowest levels since the financial crisis. The Fed Minutes also mentioned some concern over intractably low inflation, though they continue to expect a rebound based on a strong labor market. Bond markets are already well aware the Fed is planning on hiking in December, so the smattering of inflation-related doubt was a net-positive for rates. The average lender is still quoting conventional 30yr fixed rates near or just under 4.0% on top tier scenarios. Most borrowers would see today's improvement in the form of slightly lower upfront costs. Mortgage banks are closed Tomorrow for Thanksgiving and lenders won't be issuing rate sheets. Friday is technically a half-day for bond markets, but availability of new rates and the ability to lock them varies widely. Many lenders simply republish the same rate sheets from the Wednesday before Thanksgiving. 52 Weeks
Buying a Vacation Home Is About Putting Down Roots—Not Making an Investment
By Abbe Machalinski Mansion Global
High-net-worth buyers tend to rent first to test out locations while they wait for their dream home to hit the market. There are several U.S. vacation destinations that high-net-worth individuals flock to every summer, including the Hamptons on the tip of Long Island, New York; Nantucket, Massachusetts; Aspen, Colorado; and Lake Tahoe, which straddles Nevada and California.
Increasingly, many of these locations are also popular during the winter, whether that’s for skiing somewhere like Jackson Hole, Wyoming, going to the beach in Hawaii, or relaxing during the off season in Cape Cod, Massachusetts. While many families rent a single-family home for vacation, paying $10,000 or more per week during the peak season, every year some will decide to put down roots and purchase a property. Depending on the location, these vacation homes—often the third or fourth property in a buyer’s portfolio—start at around $5 million and go up to well beyond $40 million.
This peaceful beachside vacation home across from hundreds of acres of preserved natural land in Nantucket, Massachusetts, is currently listed for $12.9 million. Hunter Reed Real Estate Nantucket
What often spurs that purchase decision is a desire to create a family retreat that can be used for generations—not some calculated plan related to wealth appreciation or buy to let investment potential, experts say. “Vacation home purchases aren’t about rental income or obtaining an appreciating asset,” said Brittanie Rockhill, an Aspen-based broker with Douglas Elliman, “but are about the non-monetary factors, such as not having to pack or manage logistics when you travel.” These buyers want to say, “let’s go have some family time this weekend,” and be off to their home at a moment’s notice, she continued. “Time is always their most important resource.” In addition to purchasing a vacation property as a family retreat that they can visit any time they want, picking a destination where they might live for a significant part of every year after retirement is another factor that pushes potential buyers to purchase that vacation home rather than go on renting. These two motivations aren’t just specific to high-net-worth individuals. According to the 2017 National Association of Realtors’ Investment and Vacation Home Buyers Survey, which tracks all U.S. home purchases, including the 721,000 vacation homes purchased in 2016, 42% of vacation home buyers bought a property as a family retreat while 18% purchased for their future retirement. Finding the perfect property in the right location Regardless of the market, most vacation home buyers need to put in some time to find the location that’s right for them, whether that’s a town, a neighborhood or a resort community. If they haven’t already been visiting a vacation destination for many years, this could take several seasons, experts say. “Even if you love an area,” said Tom Evans, an associate broker at Jackson Hole Sotheby’s International Realty, “it’s always best to rent first and make sure you know exactly where you’re moving.” In the Hamptons, Corcoran Group broker Peter Huffinesaid he often helps buyers select their target locations based on where their primary residence is. For instance, if they live in a Manhattan apartment, they’ll likely want a home with some land and a pool, and maybe even tennis courts or somewhere to keep horses, Mr. Huffine said. This makes Bridgehampton or Water Mill good options, where they can find a home that would complement their city lifestyle. Whereas other buyers who already have a large home and expansive estate in Westchester County or Connecticut might want a beachfront property in Montauk or Amagansett. “Everyone seems to have their favorite town,” Mr. Huffine said, adding that where they buy depends on how that area and the property contrasts with what they already own. In the Cape Cod region of Massachusetts, where there are homes in more than a dozen waterfront towns, such as Provincetown, Chatham, Hyannis and Falmouth, as well as totally separate markets in the nearby islands of Nantucket (considered beachier and more laid back) and Martha’s Vineyard (woodsier and more presidential), local brokers say most clients know exactly where they want to be before they decide to buy. On Cape Cod, you find a lot of people who want to be close to the water and have that “Kennedy-esque” experience with boating and barbecuing, said Jonathan Matel, the president of a Cape Cod real estate brokerage called The Matel Group at William Raveis R.E., but they also have obligations on the mainland and don’t want to get stuck on an island. Plus, many of these buyers want to use their home for the entire year instead of just during peak summer season. When it comes to the island communities, “either you love Nantucket or you love the Vineyard,” said Steve DiFrancesco, a principal broker at Hunter, Reed and Company in Nantucket, noting that in all of his years of owning a property on Nantucket, he’s only been to the Vineyard—just 30 some miles across the Nantucket Sound—once. “If you’re relatively new to the island and you haven’t been going for generations, renting in different locations gives people a great chance to try these areas out,” said Mr. DiFrancesco said Steve DiFrancesco, a principal broker at Hunter, Reed and Company in Nantucket, noting that in August, a home worth $10 million will rent for $20,000 to $25,000 per week. On Hawaii’s Big Island, where Harold Clarke, the owner and principal broker of Luxury Big Island by Harold Clarke, said high net worth individuals are increasingly drawn to raw beauty and undeveloped natural setting that’s more difficult to find on other islands like Kauai and Oahu, buyers must decide what resort of the handful of options they feel most comfortable in. For instance, Hualalai has a Four Seasons in it, where homeowners can enjoy the amenities, whereas Kukio is much quieter and more private, and doesn’t have that hotel component. “Each resort has its own personality,” Mr. Clarke said.
Interior of a turnkey property at Four Seasons Hualalai Resort, Hawaii Luxury Big Island by Harold Clarke
Once they’ve settled on the location and type of property they desire, Mr. Clarke said that Big Island buyers make a purchase right away. “These buyers want the comfort of being able to jump on the plane and just have their house ready to go—not worry about a rental,” he said, noting that those rental properties can cost up to $10,000 per night. But in other markets, waiting for the right home to come to the market can take some time—specifically if the buyer is looking for the most in-demand waterfront location, as is often the case, or a move-in-ready masterpiece at the right price. In the Hamptons, Mr. Huffine said buyers are, “always looking for something that’s harder and harder to find.” They want something that’s pristine and like it’s never been lived in, he said, and they’re often happy to rent until they find exactly what they’re looking for. In Cape Cod, Mr. Matel said that he’s advising many of these buyers to consider purchasing a property that needs some renovations rather than overpay for something turn-key. “Most people are looking for a generational property,” he said, adding that renovating a property in the perfect location is going to appreciate more, and prove to be a better investment. “A lot of my business now is helping to facilitate these deals and bring them to fruition,” he said. Because most of these buyers pay in cash for their vacation home and only use financing if it makes sense from a tax savings standpoint, some must wait for a liquidity event, like selling their business or cashing out some stock options, to make a purchase, said Mr. DiFrancesco in Nantucket. Others carefully time their buy to take advantage of tax incentives they might reap with an upcoming retirement. For instance, in Jackson Hole, many buyers decide to buy a year or two before they retire so they can take advantage of the “great tax climate,” Mr. Evans said. “In Wyoming, there’s no state income tax, no corporate income tax, no capital gains taxes on stock portfolios, and we’re one of a half-dozen states where you can set up a dynasty trust,” he continued. “If you want to protect what you’ve gained and earned in your life, moving here is a good option.” There’s also no transfer tax when you purchase a home, said Jake Kilgrow, an associate broker at Jackson Hole Sotheby’s International Realty, whereas in other destinations where people come to ski in the winter and relax outdoors in the summer, such as Telluride or Aspen, that tax is 3% of the purchase price. And property taxes are quite low compared to New York or California. Nevada, like Wyoming, also has some of these tax incentives, said David Gemme, a Lake Tahoe-based associate broker at Oliver Luxury Real Estate, which is why many retirement-age buyers tend to congregate to Nevada side, rather than the California side, of the area. And once they’ve purchased their dream home, most of these high-net-worth buyers skip renting it out, and rather pay for a property manager to take care of it when they’re not there, so that they can visit at any point they want, even at the last minute. However, if they do decide to rent their homes out, many of these areas have robust markets in which owners can pay for their annual carrying costs, including maintenance fees, property taxes and insurance, in a month or two, and enjoy their home for the other 10 months of the year, Mr. DiFrancesco said. In Aspen, owners often prefer weekly rentals, said Ms. Rockhill, often because they don’t want to give up their property for a whole month. Although renters often want that month-long rental because any property rented over 30 days has no tax applied, whereas short-term rentals have both City of Aspen and State of Colorado taxes applied, totaling 11.3%. “That’s always the give and take, push and pull dynamic of the rental deals I negotiate,” she said. Another factor potential Aspen property owners should consider is that rents fluctuate wildly from month to month, dipping precipitously in the off-season, and then rising on holiday weekends, when most people want to use their property themselves. This dynamic also exists in many of the other seasonal markets, where there’s little demand outside of a short peak season. This means that you may not get a fantastic return on your investment from rental income, Ms. Rockhill said, but that a property’s appreciation over many years—or decades—will likely remain strong.
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.